32 Clemons Street, South Portland, ME 04106
MULTI_FAMILY - Other - South Portland, ME
- Added:
- Jun 8, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 9 at 1:06 pm
Property Features for 32 Clemons Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RA
- Bathrooms
- 6
- Rooms
- Bathroom 6, Bathroom 3, Bathroom 1, Bathroom 4, Bathroom 2, Basement, Bathroom 5
- Parking features
- Off Street
- Patio and Porch features
- Porch, Deck, Patio
- 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, Carpet, Vinyl
- 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 8, 2026
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 property on approximately 0.60 acres at 32 Clemons Street
- Unit mix includes three 1‑bedroom apartments, one studio apartment, and a 2‑bedroom owner’s unit
- Extensive capital improvements noted: roofing, rebuilt front fire escape and deck system, and electrical upgrades
- Efficient natural gas heating system with the owner providing heat and hot water; tenants pay their own electricity
- Reported financials include approximately $88,000 net operating income and a 6.4% cap rate
- Exterior and outdoor features include brick patio, porch/deck/patio, circular driveway, mature gardens, and a detached 1‑car garage
Overview
The property is located in South Portland, Maine on approximately 0.60 acres. The grounds include a private deck off the owner’s residence with views toward the Portland skyline and Casco Bay, and large windows throughout support natural light. The listing also notes tenants pay their own electricity, while the owner provides heat and hot water.
The current income profile is supported by approximately $88,000 in net operating income and a stated 6.4% cap rate. With the owner’s unit available for an owner-occupied setup and the opportunity to align rents with market levels, the asset may appeal to investors seeking a turnkey approach or buyers looking for a live-in multifamily configuration with additional room to manage income.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- South Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.244221
- Latitude
- 43.637458
