Three-Unit Victorian
New
For Sale
$759,000
613 Washington Avenue, Portland, ME 04103
Multi-Family, Portland, ME
Property Size3,716 SF
Lot Size0.13 Acres
Price / SF$204.25
Days on Market5
Property Features for 613 Washington Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RN-3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Basement, Bathroom 2, Bathroom 1
Parking features
Tandem, Off Street
Patio and Porch features
Porch
Pets allowed
No, Yes
Basement
Unfinished, Full
Lot features
Other Location, Open, Level, Near Shopping, Near Turnpike/ Interstate, Near Public Transit
Standard status
Active
Size
3,716 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9021
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas, Space Heater
Water source
Public
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Flooring type
Wood, Tile, Vinyl
Building materials
Wood Frame, Aluminum Siding
Roof type
Shingle, Composition
Architectural style
Victorian
Listing Agency:
Kre Brokerage Group
(207) 781-2958
Listed By:
Michael Jacobson
(207) 749-0270
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 6 at 1:06PM
MLS# 1686623
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 3,716-square-foot Victorian triplex, built in 1900, contains three apartments on a 0.13-acre lot. The first- and second-floor units each have three bedrooms, while the third-floor apartment is a large studio with natural light. A detached two-car garage adds separate vehicle storage, and the building also features a porch and tandem off-street parking.
Improvements include a full fire sprinkler system, newer gas boilers, and a space heater. Lead abatement has been completed. The property is zoned RN-3 and has public water and public sewer. Transit service is described as being on the bus line, with Back Cove and the Roux Institute within walking distance.
Improvements include a full fire sprinkler system, newer gas boilers, and a space heater. Lead abatement has been completed. The property is zoned RN-3 and has public water and public sewer. Transit service is described as being on the bus line, with Back Cove and the Roux Institute within walking distance.
Key Highlights
- Three apartments: two three‑bedroom units and one large studio
- 3,716 square feet on a 0.13‑acre lot
- Detached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,667
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,313,340
$1.3M
Cap Rate 7%
$938,100
$938.1K
Cap Rate 9%
$729,633
$729.6K
Market Conditions
NOI Build-Up for 3,716 SF
Gross rent
$100.3K $27.00/SF
− Vacancy
−$6.5K −$1.76/SF
EGI
$93.8K $25.25/SF
− OpEx
−$28.1K −$7.57/SF
NOI
$65.7K $17.67/SF
Area
Cumberland County, ME
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,313,340
Cap Rate 7%
$938,100
Cap Rate 9%
$729,633
Alternative Uses
Best Use
Multifamily LT 5
$938.1K
$820.8K – $1.09M
NOI $65,667 @ 7.0% cap · market cap 8.65%
Second Best
Apartment 5plus
$872.8K
$763.7K – $1.02M
NOI $61,093 @ 7.0% cap · market cap 8.05%
Theoretical Best
Office A
$1.02M
$893.7K – $1.19M
NOI $71,494 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
377
Businesses Nearby
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Business Placement
Demographics for 04103, ME
31,185
Population
14,336
Households
2.2
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
10.2 sq mi
ZIP Area
3,057
Density / Sq Mi
$90,682
Median Household Income
$48,640
Median Earnings
$1,571
Median Rent
$421,800
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Portland, ME
Properties on Market for Triplexes in Portland
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments include two three-bedroom layouts and a spacious studio, with a detached two-car garage.
Where is this triplex located?
The property is located at 613 Washington Avenue Portland, ME.
What is the asking price?
The asking price for this property is $759,000.
What are key features of this property?
This property features: Three apartments: two three‑bedroom units and one large studio; 3,716 square feet on a 0.13‑acre lot; Detached two‑car garage
