Five-Unit Multifamily
61 Wilson Street Portland, ME 04101
New
61 Wilson Street, Portland, ME, 04101
$1,500,000
For Sale
$1,500,000
MULTI_FAMILY - Portland, ME
Property Size6,100 SF
Lot Size0.12 Acres
Price / SF$245.90
Days on Market1
Property Features for 61 Wilson Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RN-4
- Bathrooms
- 5
- Rooms
- Bathroom 1, Bathroom 5, Bathroom 2, Bathroom 4, Basement, Bathroom 3
- Basement
- Full, Unfinished
- 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
- Hot Water(Heating), Oil, Baseboard, Forced Air
- 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
(207) 541-3755
Listed by
Briton Vitalius
(207) 541-3755
Added: Jul 22 Checked: Jul 22 at 3:06PM
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.
Investment Insights
Based on property information with market context.
This five-unit multifamily building offers approximately 6,100 square feet of living space and is currently configured with three three-bedroom, one-bath apartments, each featuring generous living rooms, separate dining rooms, and full kitchens. The remaining space includes a one-bedroom unit and a two-bedroom unit.
The property is located on a prominent corner of Munjoy and Wilson Streets, just a few blocks from the Eastern Promenade, and directly abuts neighborhood green space.
Zoned RN-4, the building was originally constructed as a four-unit property with 1,500 square feet apartments, and it presents options for future reconfiguration depending on the next owner’s plan.
The property is located on a prominent corner of Munjoy and Wilson Streets, just a few blocks from the Eastern Promenade, and directly abuts neighborhood green space.
Zoned RN-4, the building was originally constructed as a four-unit property with 1,500 square feet apartments, and it presents options for future reconfiguration depending on the next owner’s plan.
Key Highlights
- Five‑unit building on the corner of Munjoy St and Wilson St, abutting neighborhood green space
- Near Eastern Promenade (a few blocks from the property)
- Approximately 6,100 SF building with unit mix of three 3BD/1BA apartments plus a 1BD and a 2BD unit
Local Financial Insights For Apartment 5plus
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 | $194.0k | $31.80 |
| − Vacancy | −$11.6k | −$1.91 |
| EGI | $182.3k | $29.89 |
| − OpEx | −$82.1k | −$13.45 |
| NOI | $100.3k | $16.44 |
6,100 SF · lease $31.80/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,288 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,361 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five-unit multifamily property with apartment configurations including three three-bedroom units plus one one-bedroom and one two-bedroom unit.
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 $1,500,000.
What are key features of this property?
This property features: Five‑unit building on the corner of Munjoy St and Wilson St, abutting neighborhood green space; Near Eastern Promenade (a few blocks from the property); Approximately 6,100 SF building with unit mix of three 3BD/1BA apartments plus a 1BD and a 2BD unit
