Multifamily
For Sale
$799,000
361 Woodford Street, Portland, ME 04103
Multifamily property with a documented 1890 construction date.
Property Size3,431 SF
Price / SF$232.88
Days on Market77
Property Features for 361 Woodford Street
General Information
Standard status
Active
Size
3,431 SF
Property subtype
Multi-family
Lease Term
[]
Building Details
Year Built
1890
Listing Agency:
F.O. Bailey Real Estate
Listed By:
Thomas Gadbois · License #BA918504
(207) 409-8339
Source:
Fobaileyrealestate
Added: Aug 13
Changed: Oct 25
Last Checked: Oct 26 at 5:05PM
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 F.O. Bailey Real Estate
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Investment Insights
Based on property information with market context.
Located at 361 Woodford St in Portland, Maine, this multifamily property contains 3,431 SF of property area. The building dates to 1890 and is identified as a multifamily asset for sale.
Key Highlights
- 3,431 SF property area
- Constructed in 1890
- Located at 361 Woodford St, Portland, ME 04103
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,408
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,128,160
$1.1M
Cap Rate 7%
$805,829
$805.8K
Cap Rate 9%
$626,756
$626.8K
Market Conditions
NOI Build-Up for 3,431 SF
Gross rent
$109.1K $31.80/SF
− Vacancy
−$6.5K −$1.91/SF
EGI
$102.6K $29.89/SF
− OpEx
−$46.2K −$13.45/SF
NOI
$56.4K $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%
$1,128,160
Cap Rate 7%
$805,829
Cap Rate 9%
$626,756
Alternative Uses
Best Use
Apartment 5plus
$805.8K
$705.1K – $940.1K
NOI $56,408 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$943.0K
$825.1K – $1.10M
NOI $66,011 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
826
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property with a documented 1890 construction date.
Where is this multifamily property located?
The property is located at 361 Woodford Street Portland, ME.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 3,431 SF property area; Constructed in 1890; Located at 361 Woodford St, Portland, ME 04103
