Building Details

Year Built 1900

Listing Agency: Town & Shore Real Estate

Listed By: Sydney Harrison Show Phone

Source: Scottandsunny

Added: Jul 18 Changed: Oct 8 Last Checked: Oct 15 at 2:07AM

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Investment Insights

Based on property information with market context.

This three-unit residential property at 26 Presumpscot Street provides 2,764 square feet of living area across a configuration suited to multifamily ownership. The units feature distinct living spaces, practical layouts, and substantial natural light. Built in 1900, the property also includes off-street parking and outdoor space.

The Portland setting provides access to downtown, Back Cove trails, restaurants, shopping, and major commuter routes. Its three-unit format supports a range of ownership and rental arrangements while maintaining separate residential areas for each unit.

Key Highlights

• Three‑unit multifamily property with 2,764 square feet
• Built in 1900
• Separate living areas within each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,844

Cap Rate

6.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$976,880 $976.9K

Cap Rate 7%

$697,771 $697.8K

Cap Rate 9%

$542,711 $542.7K

Market Conditions

NOI Build-Up for 2,764 SF

Gross rent

$74.6K $27.00/SF

− Vacancy

−$4.9K −$1.76/SF

EGI

$69.8K $25.25/SF

− OpEx

−$20.9K −$7.57/SF

NOI

$48.8K $17.67/SF

Area

Cumberland County, ME

Vacancy

6.50%

Lease Rate

$27.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$976,880

Cap Rate 7%

$697,771

Cap Rate 9%

$542,711

Alternative Uses

Best Use

Multifamily LT 5

$697.8K

$610.6K – $814.1K (±1% cap)

NOI $48,844 @ 7.0% cap · market cap 6.74%

Second Best

Apartment 5plus

$649.2K

$568.0K – $757.4K (±1% cap)

NOI $45,442 @ 7.0% cap · market cap 6.27%

Theoretical Best

Office A

$759.7K

$664.7K – $886.3K (±1% cap)

NOI $53,178 @ 7.0% cap · market cap 7.33%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Bakery Plumbing Service (Bike/Boat/Book/etc) Store Hair Salon Furniture & Home Goods Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

377

Businesses Nearby

Explore this area Business Placement

Demographics for 04103, ME

31,185

Population

14,336

Households

2.2

Avg Household Size

40

Median Age

58%

College-Educated

97%

High-School Grad

10.2 sq mi

ZIP Area

3,057

Density / Sq Mi

$90,682

Median Household Income

$48,640

Median Earnings

$1,571

Median Rent

$421,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Triplex - Three separate residential units with outdoor space and convenient access to Portland amenities and commuter routes.

Where is this triplex located?

The property is located at 26 Presumpscot St Portland, ME.

What is the asking price?

The asking price for this property is $725,000.

What are key features of this property?

This property features: Three‑unit multifamily property with 2,764 square feet; Built in 1900; Separate living areas within each unit