Turnkey 10-Unit
7 Huntress Street Portland, ME 04102
For Sale
$2,195,000
MULTI_FAMILY - Portland, ME
Property Size9,980 SF
Lot Size0.24 Acres
Price / SF$219.94
Days on Market10
Property Features for 7 Huntress Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6
- Bathrooms
- 10
- Rooms
- Bathroom 3, Bathroom 10, Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 5, Bathroom 7, Bathroom 9, Basement, Bathroom 8, Bathroom 6
- Parking features
- Off Street
- Interior features
- Bathtub, Storage
- Basement
- Unfinished, Full, Daylight, Walk-Out Access, Finished
- Standard status
- Active
- Size
- 9,980 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 21928
Utilities
- Sewer type
- Public Sewer
- Heating system
- Zoned, Other (Heating), Natural Gas, Baseboard, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 3
- Number of units
- 10
- Flooring type
- Vinyl, Laminate, Wood, Carpet
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Flat, Membrane
- Additional Structures
- Storage
Listing Agency:
RE/MAX Shoreline
(207) 553-7500
Listed By:
Erin Finley
(207) 831-9136
Added: Jul 18
Last Checked: Jul 27 at 6:06AM
MLS# 1666409
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.
7 Huntress Street is a professionally managed 10-unit multifamily property with a mix of unit and common-area improvements. Capital updates include replacement of original cast iron plumbing with PVC, recent boiler servicing, repairs to the rubber roof, and interior upgrades such as new carpeting in one apartment and the right-side common hallway, updated blinds and interior paint, and new ceilings. Additional unit improvements noted include a new bathroom window and updated appliances, including a new stove, refrigerator, and sink in one unit. The property also includes two new washers and two new dryers, and six apartments have been updated with modern keyless entry systems.
The building is located in-town in Portland, Maine, with proximity to Maine Medical Center, Thompson’s Point, downtown Portland, and major transportation routes.
For buyers or operators seeking a turn-key multifamily asset, the combination of completed building updates and on-site parking supports everyday operational needs. Parking is a clear differentiator with nine total spaces, including four garage bays and additional off-street parking. Ownership has also identified a possible pathway for additional parking-related revenue, in addition to the existing rental stream.
The building is located in-town in Portland, Maine, with proximity to Maine Medical Center, Thompson’s Point, downtown Portland, and major transportation routes.
For buyers or operators seeking a turn-key multifamily asset, the combination of completed building updates and on-site parking supports everyday operational needs. Parking is a clear differentiator with nine total spaces, including four garage bays and additional off-street parking. Ownership has also identified a possible pathway for additional parking-related revenue, in addition to the existing rental stream.
Key Highlights
- Professionally managed 10‑unit multifamily asset built in 1910
- Capital improvements include cast iron plumbing replaced with PVC and recent boiler servicing
- Roof work includes repairs to the rubber roof; flat membrane roof
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 | $317.4k | $31.80 |
| − Vacancy | −$19.0k | −$1.91 |
| EGI | $298.3k | $29.89 |
| − OpEx | −$134.2k | −$13.45 |
| NOI | $164.1k | $16.44 |
9,980 SF · lease $31.80/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.34M
$2.05M – $2.73M
NOI $164,077 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.74M
$2.40M – $3.20M
NOI $192,011 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Artopa, LLC
Marketing & Advertising
FAQs
What type of property is this?
Apartment building - Professionally managed 10-unit building with recent systems and interior updates plus nine parking spaces.
Where is this apartment building located?
The property is located at 7 Huntress Street Portland, ME.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Professionally managed 10‑unit multifamily asset built in 1910; Capital improvements include cast iron plumbing replaced with PVC and recent boiler servicing; Roof work includes repairs to the rubber roof; flat membrane roof
