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Six-Unit Apartment Building
For Sale
$1,150,000

55 Grant Street, Portland, ME 04101

Income-producing multifamily property near Portland’s medical, office, and university employment centers.

Property Size7,312 SF
Price / SF$157.28
Days on Market149

Property Features for 55 Grant Street

General Information

Standard status Active
Size 7,312 SF
Property subtype Commercial / Multi Family
Zoning RN-4

Additional Details

Multifamily Units 6

Taxes and HOA fees

Annual Taxes $13,893

Amenities

Multi-Level
Dirt Floor, Full
Wood
No
.00
Vinyl Siding, Wood Frame

Building Details

Year Built 1910
Listing Agency: The Boulos Company
Listed By: Noah Stebbins · License #BR928219
Source: Compass
Added: Apr 5 Changed: Aug 30 Last Checked: Apr 7 at 8:52PM

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 The Boulos Company

Investment Insights

Based on property information with market context.

This income-producing apartment property contains 6 units in a multifamily building constructed in 1910. The asset is located at 55 Grant Street in Portland, Maine, providing an established address for residential income ownership.

The property is near Maine Medical Center, Portland’s downtown office core, and the University of Southern Maine. Its proximity to these major employment centers provides relevant surrounding context for the asset’s multifamily use.

Key Highlights

  • 6‑unit multifamily property
  • Constructed in 1910
  • Income‑producing apartment building

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Pet Grooming Service Locksmith Pet Store Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

5,153
Businesses Nearby

Demographics for 04101, ME

18,109
Population
11,510
Households
1.6
Avg Household Size
36
Median Age
57%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
9,055
Density / Sq Mi
$60,726
Median Household Income
$45,009
Median Earnings
$1,457
Median Rent
$600,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Income-producing multifamily property near Portland’s medical, office, and university employment centers.
Where is this apartment building located?
The property is located at 55 Grant Street Portland, ME.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 6‑unit multifamily property; Constructed in 1910; Income‑producing apartment building
More about this property
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