Turnkey Five-Unit
32 Clemons Street, South Portland, ME 04106
New
MULTI_FAMILY - Other - South Portland, ME
Property size:
3,990 SFLot size:
0.60 AcresPrice / SF:
$349/SF- Added:
- Jun 2, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 3 at 12:06 pm
Property Features for 32 Clemons Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RA
- Bathrooms
- 6
- Rooms
- Bathroom 3, Bathroom 5, Bathroom 4, Bathroom 2, Bathroom 1, Basement, Bathroom 6
- Parking features
- Off Street
- Patio and Porch features
- Deck, Patio, Porch
- Interior features
- Other Amenities, 1st Floor Bedroom, Bathtub, One-Floor Living
- Basement
- Unfinished, Full
- Standard status
- Active
- Size
- 3,990 SF
- Lot size
- 0.60 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 11636
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Baseboard, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1930
- Number of units
- 5
- Flooring type
- Hardwood, Tile, Wood, Vinyl, Carpet
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
- Additional Structures
- Outbuilding, Other
Listing agent Thomas Landry (207) 775-0248
Listing office Benchmark Real Estate 72 Pine St # 16, Portland, ME (207) 775-0248
Listing date Jun 2, 2026
MLS# 1665032
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.
HighLights
- Five‑unit multifamily on approx. 0.60 acres at 32 Clemons Street: three 1‑bedroom units, one studio, and one spacious 2‑bedroom owner’s unit
- Owner’s residence has a townhouse‑style layout with a great room and bonus space, plus private deck with views toward Portland skyline and Casco Bay
- Extensive capital improvements noted: roofing, rebuilt front fire escape and deck system, electrical upgrades, and exterior improvements
- Heating is provided via an efficient natural gas boiler; tenants pay their own electricity. Water source is public and sewer is public sewer
- Unit finishes include hardwood, tile, vinyl, and carpet; roof is shingle. Parking available off‑street
- Income details provided: approx. $88,000 net operating income and a 6.4% cap rate
Overview
A rare five-unit multifamily property presented as a true turnkey asset. The building includes three one-bedroom apartments, one studio apartment, and a spacious two-bedroom owner’s unit with a townhouse-style layout, expansive living areas, and flexible bonus space. Substantial capital improvements are highlighted throughout, including roofing work, a rebuilt front fire escape and deck system, electrical upgrades, exterior improvements, and an efficient natural gas heating system. Tenants pay their own electricity while the owner provides heat and hot water through the natural gas boiler. Outdoor and hardscape features include a beautiful brick patio, mature gardens, green space, and a circular driveway, plus a detached one-car garage. The property is also described as offering a private deck with views toward the Portland skyline and Casco Bay.
Set on approximately 0.60 acres, the property offers a generous lot for the area and an attractive setting close to South Portland and Portland amenities. The grounds include a circular driveway and landscaped outdoor space, supporting both day-to-day enjoyment and long-term adaptability. The listing notes potential future expansion or redevelopment opportunities, adding flexibility for buyers who want to evaluate multiple paths forward.
This configuration fits buyers seeking steady income from a well-kept multifamily, as well as those interested in an owner-occupied option with strong live-and-earn potential. With rents described as below market, the property may offer upside through operating improvements and rent optimization while maintaining a high level of physical care. Turnkey presentation, a mix of unit types, and ongoing infrastructure upgrades make it a compelling candidate for investors and owner-users alike.
Set on approximately 0.60 acres, the property offers a generous lot for the area and an attractive setting close to South Portland and Portland amenities. The grounds include a circular driveway and landscaped outdoor space, supporting both day-to-day enjoyment and long-term adaptability. The listing notes potential future expansion or redevelopment opportunities, adding flexibility for buyers who want to evaluate multiple paths forward.
This configuration fits buyers seeking steady income from a well-kept multifamily, as well as those interested in an owner-occupied option with strong live-and-earn potential. With rents described as below market, the property may offer upside through operating improvements and rent optimization while maintaining a high level of physical care. Turnkey presentation, a mix of unit types, and ongoing infrastructure upgrades make it a compelling candidate for investors and owner-users alike.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- South Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.244221
- Latitude
- 43.637458
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Meticulously maintained five-unit property with extensive upgrades and an efficient natural gas heating setup.
Where is this apartment building located?
The property is located at 32 Clemons Street South Portland, ME.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Five‑unit multifamily on approx. 0.60 acres at 32 Clemons Street: three 1‑bedroom units, one studio, and one spacious 2‑bedroom owner’s unit; Owner’s residence has a townhouse‑style layout with a great room and bonus space, plus private deck with views toward Portland skyline and Casco Bay; Extensive capital improvements noted: roofing, rebuilt front fire escape and deck system, electrical upgrades, and exterior improvements
