438-440 St. John, Portland, ME 04102
MULTI_FAMILY - Portland, ME
- Added:
- Jun 2, 2026
- Days on Market:
- 30
- Last Refresh:
- Jul 1 at 5:06 pm
Property Features for 438-440 St. John
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Basement
- Basement
- Unfinished
- Standard status
- Active
- Size
- 3,610 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 9829
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Oil
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 3
- Flooring type
- Hardwood, Tile, Laminate
- Building materials
- Wood Frame, Wood Siding
- Roof type
- Shingle
Listing agent Lisa Hughes (207) 294-2933
Listing office Coldwell Banker Realty 120 Main Street, Suite 243, Saco, ME (207) 282-5988
Listing date Jun 2, 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
- Three‑unit property at 438‑440 St. John Street: detached single‑family home plus duplex on one lot
- All three units feature a 3‑bedroom layout and the property is currently fully occupied
- Off‑street parking included
- Built in 1900 with wood frame construction and wood siding; roof is shingle
- Heating includes hot water heating and oil; flooring includes tile, hardwood, and laminate
- Utilities: public water and public sewer
Overview
Located in Portland, Maine near USM, the property is described as highly walkable to multiple local destinations, including Hadlock Field, The Expo, Deering Oaks Park, downtown Portland, local restaurants, shopping, and public transportation.
The property is currently fully occupied with a proven rental history, supporting immediate in-place revenue. For an owner-occupant, the layout and multi-unit structure can support offsetting housing costs with rental income. The seller notes potential for value enhancement through cosmetic exterior improvements, which may appeal to buyers looking to modernize the curb appeal while retaining the existing rental foundation. By appointment only.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.5k | $27.00 |
| − Vacancy | −$6.3k | −$1.76 |
| EGI | $91.1k | $25.25 |
| − OpEx | −$27.3k | −$7.57 |
| NOI | $63.8k | $17.67 |
Alternative Uses
Current Use by Public Records
Map
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.282332
- Latitude
- 43.658228
