522-526 Washington Avenue Portland, ME 04103
Two adjoining properties with commercial and residential income potential.
- Added:
- May 18, 2026
- Days on Market:
- 58
- Last Refresh:
- Jun 25 at 6:06 pm
Property Features for 522-526 Washington Avenue
General Information
- Standard status
- Active
- Size
- 5,036 SF
- Property subtype
- Multifamily, Office, Mixed Use
Building Details
- Year Built
- 1920
Listing office Vitalius Real Estate Group
Listing date May 18, 2026
Source Crexi
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 Vitalius Real Estate Group
Investment Insights
Based on property information with market context.
Key Highlights
- Two adjoining properties on high‑visibility Washington Avenue corridor.
- Versatile combination of renovated commercial office building and mixed‑use 2‑family with commercial space.
- Expansive combined parking footprint rarely found close to downtown.
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 | $136.0k | $27.00 |
| − Vacancy | −$8.8k | −$1.76 |
| EGI | $127.1k | $25.25 |
| − OpEx | −$38.1k | −$7.57 |
| NOI | $89.0k | $17.67 |