268 Concord Street W Portland, ME 04103
Well-maintained triplex with off-street parking, a garage, and spacious backyard, plus finished space that may support a fourth unit.
- Added:
- Jun 20, 2026
- Days on Market:
- 25
- Last Refresh:
- Jul 10 at 3:37 am
Property Features for 268 Concord Street W
General Information
- Standard status
- Active
- Size
- 3,688 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1879
Listing office Greater Portland Realty
Listing date Jun 20, 2026
Source Profoundrealestate
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Investment Insights
Based on property information with market context.
The property is described as being ideally situated within walking distance to the University of New England (UNE), the University of Southern Maine (USM), Rosemont Market, neighborhood shops, restaurants, and everyday amenities. Outdoor access is also highlighted with easy access to Evergreen Woods and an approximately four-mile network of scenic walking and hiking trails.
Additional on-site features include off-street parking, a garage, and a spacious backyard, offering practical convenience and outdoor space for residents.
Key Highlights
- Built in 1879, well‑maintained multi‑family property with three established units
- Fully finished space may support a fourth unit (buyer to verify approvals and permitted use with the City of Portland)
- Off‑street parking plus a garage
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 | $99.6k | $27.00 |
| − Vacancy | −$6.5k | −$1.76 |
| EGI | $93.1k | $25.25 |
| − OpEx | −$27.9k | −$7.57 |
| NOI | $65.2k | $17.67 |