526 Washington Avenue Portland, ME 04103
MULTI_FAMILY - Portland, ME
- Added:
- Jul 6, 2026
- Days on Market:
- 9
- Last Refresh:
- Jul 14 at 5:06 am
Property Features for 526 Washington Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- B-2B
- Bathrooms
- 2
- Rooms
- Bathroom 2, Basement, Bathroom 1
- Basement
- Full, Unfinished
- Standard status
- Active
- Size
- 1,866 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5228
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Oil
- Water source
- Public
Building Details
- Year built
- 1935
- Number of units
- 2
- Flooring type
- Wood
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle, Flat
Listing agent Briton Vitalius (207) 541-3755
Listing office Vitalius Real Estate Group, LLC 306 Congress Street, Suite 3, Portland, ME (207) 541-3755
Listing date Jul 6, 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.
Investment Insights
Based on property information with market context.
The property is located on Portland’s Washington Avenue corridor and is described as being near the Roux Institute campus. It is also noted to be close to downtown, Back Cove, restaurants and breweries, and I-295, which may support convenient access for residents, customers, and employees.
For tenants, the configuration allows residential occupants to share the property while the commercial component can accommodate a business or other income-producing use. For buyers, the layout offers a built-in live/work or mixed-occupancy structure under B-2B zoning, along with off-street parking that can help reduce reliance on on-street access. The listing also notes the property can be purchased as a package with the neighboring building at 522 Washington Ave.
Key Highlights
- Mixed‑use property with a 2‑unit residential building plus additional commercial space and off‑street parking
- Built in 1935 with wood frame construction and vinyl siding exterior
- Public water and public sewer connection
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 | $50.4k | $27.00 |
| − Vacancy | −$3.3k | −$1.76 |
| EGI | $47.1k | $25.25 |
| − OpEx | −$14.1k | −$7.57 |
| NOI | $33.0k | $17.67 |
