Renovated Triplex with Deck and
For Sale
$948,000
325 Woodford Street, Portland, ME 04103
MULTI_FAMILY - Other - Portland, ME
Property Size3,067 SF
Lot Size0.23 Acres
Price / SF$309.10
Days on Market53
Property Features for 325 Woodford Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Res
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 2, Basement, Bathroom 4, Bathroom 1
Parking features
Off Street
Patio and Porch features
Porch, Deck
Interior features
1st Floor Bedroom, Storage
Basement
Full
Lot features
Near Country Club, Well Landscaped, Level, Sidewalks, Intown, Near Shopping, Neighborhood, Near Public Transit
Standard status
Active
Size
3,067 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
9750
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard, Electric (Heating), Steam
Water source
Public
Building Details
Year built
1897
Floors in Building
3
Number of units
3
Flooring type
Vinyl, Tile, Hardwood, Wood
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
CENTURY 21 Advantage · Century 21 Real Estate
(207) 782-2121
Listed By:
Brendan Johnson
(207) 831-5051
Added: Jul 7
Changed: Aug 3
Last Checked: Aug 28 at 7:06PM
MLS# 1670121
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.
This triplex offers three separate residential units in a wood-frame building with vinyl siding, shingle roof, and a mix of flooring including hardwood, wood, vinyl, and tile. The owner has renovated, upgraded, or improved almost the entire interior over the course of ownership. Interior features include a first-floor bedroom and storage, and the building includes a basement. Heating is provided by a combination of natural gas, electric (heating), baseboard, and steam systems.
Set on a 0.23-acre lot, the property is located in Portland’s Deering Center neighborhood. Public utilities include public water and public sewer. Outdoor space is highlighted by a deck and porch for day-to-day use and entertaining. Off-street parking is available, and the building is described as having three separate electrical boxes.
Easy access to I-295 and I-95 supports convenient commuting, while nearby shops and restaurants are within walking and driving range. Built in 1897, the property is positioned for an owner seeking straightforward residential management with three units.
Set on a 0.23-acre lot, the property is located in Portland’s Deering Center neighborhood. Public utilities include public water and public sewer. Outdoor space is highlighted by a deck and porch for day-to-day use and entertaining. Off-street parking is available, and the building is described as having three separate electrical boxes.
Easy access to I-295 and I-95 supports convenient commuting, while nearby shops and restaurants are within walking and driving range. Built in 1897, the property is positioned for an owner seeking straightforward residential management with three units.
Key Highlights
- Three‑unit triplex with interior renovations across all units
- 0.23‑acre lot and 3,067 SF residential building
- Deck and porch plus off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,198
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,083,960
$1.1M
Cap Rate 7%
$774,257
$774.3K
Cap Rate 9%
$602,200
$602.2K
Market Conditions
NOI Build-Up for 3,067 SF
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.
Gross rent
$82.8K $27.00/SF
− Vacancy
−$5.4K −$1.76/SF
EGI
$77.4K $25.25/SF
− OpEx
−$23.2K −$7.57/SF
NOI
$54.2K $17.67/SF
Area
Cumberland County, ME
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,083,960
Cap Rate 7%
$774,257
Cap Rate 9%
$602,200
Alternative Uses
Best Use
Multifamily LT 5
$774.3K
$677.5K – $903.3K
NOI $54,198 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$720.3K
$630.3K – $840.4K
NOI $50,423 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$843.0K
$737.6K – $983.5K
NOI $59,008 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
826
Businesses Nearby
Explore this area
Business Placement
Demographics for 04103, ME
31,185
Population
14,336
Households
2.2
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
10.2 sq mi
ZIP Area
3,057
Density / Sq Mi
$90,682
Median Household Income
$48,640
Median Earnings
$1,571
Median Rent
$421,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex with deck and porch, off-street parking, and interior renovations across all three units.
Where is this triplex located?
The property is located at 325 Woodford Street Portland, ME.
What is the asking price?
The asking price for this property is $948,000.
What are key features of this property?
This property features: Three‑unit triplex with interior renovations across all units; 0.23‑acre lot and 3,067 SF residential building; Deck and porch plus off‑street parking
