Mixed-Use Building with
New
For Sale
$1,300,000
332 Fore Street, Portland, ME 04101
Multi-Family, Portland, ME
Property Size4,798 SF
Lot Size0.03 Acres
Price / SF$270.95
Days on Market3
Property Features for 332 Fore Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B3
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 3, Basement, Bathroom 4, Bathroom 2
Parking features
On Street
Patio and Porch features
Deck
Basement
Unfinished, Full
Lot features
Level, Sidewalks, Intown
Standard status
Active
Size
4,798 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
9567
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Oil
Water source
Public
Building Details
Year built
1792
Number of units
5
Flooring type
Carpet, Hardwood
Building materials
Masonry, Brick, Vinyl Siding
Roof type
Shingle, Flat
Architectural style
Other
Listing Agency:
Vitalius Real Estate Group, LLC
(207) 541-3755
Listed By:
Briton Vitalius
(207) 318-2555
Added: Oct 13
Changed: Oct 14
Last Checked: Oct 15 at 4:06AM
MLS# 1684109
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.
At 332 Fore Street, this 4,798-square-foot mixed-use building combines ground-floor retail space with four one-bedroom apartments. Built in 1792, the property has masonry construction with brick and vinyl siding, and sits on a 0.03-acre lot. Interior features include hardwood and carpet flooring, while a deck provides outdoor space. Heating is by oil-fired baseboard, and the building is served by public water and sewer. Parking is on street.
The property is in Boothby Square within Portland’s Old Port, on a cobblestone street. Zoning is B3.
The property is in Boothby Square within Portland’s Old Port, on a cobblestone street. Zoning is B3.
Key Highlights
- Ground‑floor retail space with four one‑bedroom apartments above
- 4,798 square feet on a 0.03‑acre lot
- Built in 1792; masonry construction includes brick and vinyl siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,882
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,577,640
$1.6M
Cap Rate 7%
$1,126,886
$1.1M
Cap Rate 9%
$876,467
$876.5K
Market Conditions
NOI Build-Up for 4,798 SF
Gross rent
$152.6K $31.80/SF
− Vacancy
−$9.2K −$1.91/SF
EGI
$143.4K $29.89/SF
− OpEx
−$64.5K −$13.45/SF
NOI
$78.9K $16.44/SF
Area
Cumberland County, ME
Vacancy
6.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,577,640
Cap Rate 7%
$1,126,886
Cap Rate 9%
$876,467
Alternative Uses
Best Use
Apartment 5plus
$1.13M
$986.0K – $1.31M
NOI $78,882 @ 7.0% cap · market cap 6.07%
Second Best
Mixed Use
$851.3K
$744.9K – $993.2K
NOI $59,591 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,311 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
5,360
Businesses Nearby
Explore this area
Business Placement
Demographics for 04101, ME
18,109
Population
11,510
Households
1.6
Avg Household Size
36
Median Age
57%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
9,055
Density / Sq Mi
$60,726
Median Household Income
$45,009
Median Earnings
$1,457
Median Rent
$600,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four one-bedroom apartments are arranged above a ground-floor retail space.
Where is this mixed-use property located?
The property is located at 332 Fore Street Portland, ME.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Ground‑floor retail space with four one‑bedroom apartments above; 4,798 square feet on a 0.03‑acre lot; Built in 1792; masonry construction includes brick and vinyl siding
