Turnkey Three-Unit Apartment
30 Chesley Avenue Portland, ME 04103
For Sale
$695,000
Three-unit apartment building with separately metered utilities and dedicated off-street parking, with multiple recent exterior and mechanical updates.
Property Size2,398 SF
Price / SF$289.82
Days on Market291
Property Features for 30 Chesley Avenue
General Information
- Standard status
- Active
- Size
- 2,398 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1935
Listing Agency:
The Boulos Company
(207) 553-1727
Listed By:
Noah Stebbins · License #BR928219
(207) 553-1727
Source:
Compass
Added: Oct 7, 2025
Changed: Jul 22
Last Checked: Jul 23 at 10:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Boulos Company
Investment Insights
Based on property information with market context.
Turnkey, well-maintained three-unit apartment building offering separate utility metering for each unit, including heat, hot water, and electric. The property includes dedicated off-street parking. Recent improvements include a new asphalt driveway (2019), a new roof (2024), new exterior decking and stairs (2024–2025), a new furnace (2025), repointed chimney (2025), and exterior siding repairs and new exterior paint (2025).
Located on a quiet, dead-end street in the North Deering neighborhood. The property is described as walkable to parks, schools, shopping, restaurants, and local trails.
Ideal for buyers seeking a straightforward three-unit ownership opportunity supported by documented recent building updates and unit-level utility separation.
Located on a quiet, dead-end street in the North Deering neighborhood. The property is described as walkable to parks, schools, shopping, restaurants, and local trails.
Ideal for buyers seeking a straightforward three-unit ownership opportunity supported by documented recent building updates and unit-level utility separation.
Key Highlights
- Three‑unit apartment building with 3 total bathrooms
- Separately metered utilities for each unit (heat, hot water, and electric)
- Dedicated off‑street parking plus no vehicle storage
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 | $64.7k | $27.00 |
| − Vacancy | −$4.2k | −$1.76 |
| EGI | $60.5k | $25.25 |
| − OpEx | −$18.2k | −$7.57 |
| NOI | $42.4k | $17.67 |
2,398 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$605.4K
$529.7K – $706.3K
NOI $42,376 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$563.2K
$492.8K – $657.1K
NOI $39,425 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$659.1K
$576.7K – $768.9K
NOI $46,136 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-unit apartment building with separately metered utilities and dedicated off-street parking, with multiple recent exterior and mechanical updates.
Where is this triplex located?
The property is located at 30 Chesley Avenue Portland, ME.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Three‑unit apartment building with 3 total bathrooms; Separately metered utilities for each unit (heat, hot water, and electric); Dedicated off‑street parking plus no vehicle storage
