Mixed-Use Four-Unit
69 Newbury Street Portland, ME 04101
New
69 Newbury Street, Portland, ME, 04101
$2,250,000
For Sale
$2,250,000
MULTI_FAMILY - Portland, ME
Property Size4,438 SF
Lot Size0.04 Acres
Price / SF$506.99
Days on Market4
Property Features for 69 Newbury Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- IS-FBC
- Bathrooms
- 4
- Rooms
- Bathroom 1, Basement, Bathroom 2, Bathroom 4, Bathroom 3
- Parking features
- Off Street
- Basement
- Walk-Out Access
- Standard status
- Active
- Size
- 4,438 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 9946
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating), Hot Water(Heating), Baseboard, Electric (Heating), Oil
- Cooling system
- Window Unit(s), Heat Pump
- Water source
- Public
Building Details
- Year built
- 1905
- Floors in Building
- 3
- Number of units
- 4
- Flooring type
- Hardwood, Carpet, Laminate
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
Listing Agency
Harborview Properties, Inc.
(207) 878-7802
147 Fore Street, Portland, ME
Listed by
Francis Curran
(207) 878-7802
Added: Jul 13 Checked: Jul 16 at 5:06 pm
MLS# 1671572
Listing URL
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 turnkey mixed-use property consists of four units: three residential apartments and one commercial space. The residential mix includes a renovated two-bedroom, one-bath apartment with a bonus room, a two-bedroom, one-bath apartment, and a renovated three-bedroom, two-bath apartment. Substantial capital improvements have been completed, including a new roof (2023), new siding, new windows, three new heat pumps, updated plumbing and electrical systems, and renovated kitchens and bathrooms, along with extensive improvements to the commercial space.
The property is located at 69 Newbury Street in Portland, Maine. Showings are by appointment only with a minimum of 48 hours’ notice.
Zoned IS-FBC. The lot is 0.04 acres and the property size is 4,438 square feet.
The property is located at 69 Newbury Street in Portland, Maine. Showings are by appointment only with a minimum of 48 hours’ notice.
Zoned IS-FBC. The lot is 0.04 acres and the property size is 4,438 square feet.
Key Highlights
- Four‑unit mixed‑use property: 3 residential apartments and 1 commercial space
- Residential mix includes a renovated 2BD/1BA unit with bonus room plus renovated 3BD/2BA and additional 2BD/1BA apartment
- Extensive recent improvements including new roof (2023), new siding, and new windows
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 | $141.1k | $31.80 |
| − Vacancy | −$8.5k | −$1.91 |
| EGI | $132.7k | $29.89 |
| − OpEx | −$59.7k | −$13.45 |
| NOI | $73.0k | $16.44 |
4,438 SF · lease $31.80/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$912.0K – $1.22M
NOI $72,963 @ 7.0% cap · market cap 3.24%
Second Best
Retail
$663.0K
$580.2K – $773.6K
NOI $46,413 @ 7.0% cap · market cap 2.06%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,385 @ 7.0% cap · market cap 3.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Four-unit mixed-use property with three residential apartments and one commercial space, supported by major recent capital improvements.
Where is this multifamily property located?
The property is located at 69 Newbury Street Portland, ME.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Four‑unit mixed‑use property: 3 residential apartments and 1 commercial space; Residential mix includes a renovated 2BD/1BA unit with bonus room plus renovated 3BD/2BA and additional 2BD/1BA apartment; Extensive recent improvements including new roof (2023), new siding, and new windows
