47 Frederic Street, Portland, ME 04102
MULTI_FAMILY - Other - Portland, ME
- Added:
- Jul 2, 2026
- Days on Market:
- 6
- Last Refresh:
- Jul 6 at 11:06 pm
Property Features for 47 Frederic Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 13
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 1, Bathroom 3, Basement
- Basement
- Full
- Standard status
- Active
- Size
- 3,570 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 236
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Heat Pump (Heating)
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Year built
- 1930
- Number of units
- 3
- Flooring type
- Vinyl, Carpet, Wood
- Building materials
- Wood Frame, Clapboard
- Roof type
- Membrane
- Architectural style
- Other
Listing agent David Jones License #DB918088 (207) 650-3455
Listing office F.O. Bailey Real Estate 183 US Route 1, Falmouth, ME (207) 781-1111
Listing date Jul 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
- 3‑unit building on a double lot, offered as a package
- Unoccupied units at time of sale
- Wood frame (clapboard) construction with membrane roof
- Public water and public sewer
- Flooring includes wood, carpet, and vinyl
- Heat pump cooling and heat pump heating plus baseboard heat
Overview
The site is located at 47 Frederic Street in Portland, Maine (04102), within Cumberland County. The lot size is listed at 0.22 acres, and the property is identified with zoning code 13.
For buyers seeking a straightforward residential income asset, the unoccupied status at closing may simplify inspection, turnaround, and occupancy planning. The double-lot configuration and noted development potential make the site worth considering for buyers evaluating redevelopment or expansion scenarios, subject to applicable zoning and approvals.
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 | $96.4k | $27.00 |
| − Vacancy | −$6.3k | −$1.76 |
| EGI | $90.1k | $25.25 |
| − OpEx | −$27.0k | −$7.57 |
| NOI | $63.1k | $17.67 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.284964
- Latitude
- 43.652819
