5-Unit Apartment
61-65 Wilson St, Portland, ME 19609
For Sale
Contact for pricing
The apartment mix includes three-bedroom layouts alongside one- and two-bedroom residences.
Property Size6,100 SF
Price / SF$245.08
Days on Market54
Property Features for 61-65 Wilson St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Buildings
Listing Agency:
Vitalius Real Estate Group
Listed By:
Chris Sullivan · License ME BR918132
(207) 541-3755
Source:
Crexi
Added: Sep 22
Changed: Nov 3
Last Checked: Nov 12 at 6:12AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This five-unit apartment property contains approximately 6,100 square feet. Three units have three bedrooms and one bathroom each; the remaining apartments have one and two bedrooms, respectively.
The building sits at Munjoy and Wilson Streets, with neighborhood green space along its property line. The Eastern Promenade is a few blocks away.
The building sits at Munjoy and Wilson Streets, with neighborhood green space along its property line. The Eastern Promenade is a few blocks away.
Key Highlights
- Approximately 6,100 square feet across five apartments
- Three units with three bedrooms and one bathroom each
- One additional one‑bedroom apartment and one two‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,288
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,005,760
$2.0M
Cap Rate 7%
$1,432,686
$1.4M
Cap Rate 9%
$1,114,311
$1.1M
Market Conditions
NOI Build-Up for 6,100 SF
Gross rent
$194.0K $31.80/SF
− Vacancy
−$11.6K −$1.91/SF
EGI
$182.3K $29.89/SF
− OpEx
−$82.1K −$13.45/SF
NOI
$100.3K $16.44/SF
Area
Cumberland County, ME
Vacancy
6.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,005,760
Cap Rate 7%
$1,432,686
Cap Rate 9%
$1,114,311
Alternative Uses
Best Use
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,288 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,361 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,776
Businesses Nearby
Explore this area
Business Placement
Market
Average Price Trend$/SF for Apartment buildings in Portland, ME
Properties on Market for Apartment buildings in Portland
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The apartment mix includes three-bedroom layouts alongside one- and two-bedroom residences.
Where is this apartment building located?
The property is located at 61-65 Wilson St Portland, ME.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Approximately 6,100 square feet across five apartments; Three units with three bedrooms and one bathroom each; One additional one‑bedroom apartment and one two‑bedroom apartment
