Five-Unit Apartment
For Sale
$1,495,000
61 Wilson Street, Portland, ME 04101
Multi-Family, Portland, ME
Property Size6,100 SF
Lot Size0.12 Acres
Price / SF$245.08
Days on Market99
Property Features for 61 Wilson Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RN-4
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 2, Basement, Bathroom 5, Bathroom 4, Bathroom 3, Bathroom 1
Basement
Unfinished, Full
Lot features
Open, Level, Sidewalks, Intown, Near Public Beach, Near Turnpike/ Interstate, Near Town
Standard status
Active
Size
6,100 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11838
Utilities
Sewer type
Public Sewer
Heating system
Oil, Baseboard, Forced Air, Hot Water(Heating)
Water source
Public
Building Details
Year built
1915
Number of units
5
Flooring type
Wood
Building materials
Wood Frame, Clapboard
Roof type
Flat
Listing Agency:
Vitalius Real Estate Group, LLC
Listed By:
Briton Vitalius
(207) 541-3755
Added: Jul 22
Changed: Oct 27
Last Checked: Oct 28 at 3:06AM
MLS# 1672919
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.
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Investment Insights
Based on property information with market context.
This 1915 wood-frame apartment property contains approximately 6,100 square feet of living space on a 0.12-acre lot. The current configuration includes three three-bedroom, one-bath apartments, plus separate one-bedroom and two-bedroom units. Interior features include wood flooring, full kitchens, living rooms, dining areas, and five bathrooms. The building was originally arranged as four 1,500-square-foot apartments, providing an alternate layout for future consideration.
Positioned at the corner of Munjoy and Wilson Streets in Portland’s Munjoy Hill area, the property directly borders neighborhood green space and sits a few blocks from the Eastern Promenade. Public water and public sewer serve the building. Heating systems include hot water, oil, forced air, and baseboard equipment, while the roof is flat and the exterior uses clapboard over wood-frame construction.
Positioned at the corner of Munjoy and Wilson Streets in Portland’s Munjoy Hill area, the property directly borders neighborhood green space and sits a few blocks from the Eastern Promenade. Public water and public sewer serve the building. Heating systems include hot water, oil, forced air, and baseboard equipment, while the roof is flat and the exterior uses clapboard over wood-frame construction.
Key Highlights
- Five‑unit configuration with three 3‑bedroom units, one 1‑bedroom unit, and one 2‑bedroom unit
- Approximately 6,100 square feet of living space on a 0.12‑acre lot
- Originally built as four 1,500 SF apartments
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.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,776
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Wood-frame property with wood flooring, public utilities, and a flexible unit layout.
Where is this apartment building located?
The property is located at 61 Wilson Street 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: Five‑unit configuration with three 3‑bedroom units, one 1‑bedroom unit, and one 2‑bedroom unit; Approximately 6,100 square feet of living space on a 0.12‑acre lot; Originally built as four 1,500 SF apartments
