Three-Unit Multifamily Investment
26 Presumpscot Street Portland, ME 04103
New
26 Presumpscot Street, Portland, ME, 04103
$725,000
For Sale
$725,000
MULTI_FAMILY - Portland, ME
Property Size2,764 SF
Lot Size0.12 Acres
Price / SF$262.30
Days on Market1
Property Features for 26 Presumpscot Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 1, Basement, Bathroom 3
- Basement
- Full
- Standard status
- Active
- Size
- 2,764 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 7091
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Hot Water(Heating), Forced Air, Natural Gas, Oil
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Carpet, Tile, Vinyl, Wood
- Building materials
- Wood Frame, Asbestos
- Roof type
- Shingle
Listing Agency
Town & Shore Real Estate
(207) 773-0262
One Union Wharf, Portland, ME
Listed by
Sydney Harrison
(207) 773-0262
Added: Jul 16 Checked: Jul 16 at 6:06 pm
MLS# 1672239
Listing URL
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
For sale: a spacious, versatile three-unit multifamily property offering functional layouts with comfortable living spaces and separate living areas across all units. The building is described as providing abundant natural light and includes outdoor space and ample off-street parking. The property totals 2,764 square feet on a 0.12-acre lot.
The property is located at 26 Presumpscot Street in Portland, Maine, within R5 zoning. It is positioned for convenient access to downtown Portland, Back Cove trails, local restaurants and shopping, and major commuter routes.
The property is located at 26 Presumpscot Street in Portland, Maine, within R5 zoning. It is positioned for convenient access to downtown Portland, Back Cove trails, local restaurants and shopping, and major commuter routes.
Key Highlights
- 3‑unit multi‑family at 26 Presumpscot Street
- Year built 1900 with wood frame construction and asbestos noted in construction materials
- Public water and public sewer service
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.6k | $27.00 |
| − Vacancy | −$4.9k | −$1.76 |
| EGI | $69.8k | $25.25 |
| − OpEx | −$20.9k | −$7.57 |
| NOI | $48.8k | $17.67 |
2,764 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$697.8K
$610.6K – $814.1K
NOI $48,844 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$649.2K
$568.0K – $757.4K
NOI $45,442 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$759.7K
$664.7K – $886.3K
NOI $53,178 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit multifamily with functional layouts, natural light, and off-street parking in Portland’s R5 zoning.
Where is this triplex located?
The property is located at 26 Presumpscot Street 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: 3‑unit multi‑family at 26 Presumpscot Street; Year built 1900 with wood frame construction and asbestos noted in construction materials; Public water and public sewer service
