Victorian Multifamily
New
For Sale
$1,295,000
77 Carleton Street, Portland, ME 04102
Multi-Family, Portland, ME
Property Size3,030 SF
Lot Size0.07 Acres
Price / SF$427.39
Days on Market5
Property Features for 77 Carleton Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RN4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Basement, Bathroom 2
Pets allowed
No
Interior features
In-Law Apartment, Storage
Basement
Unfinished, Full
Lot features
Sidewalks, Historic District, Near Town, Neighborhood, Near Public Transit
Standard status
Active
Size
3,030 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15459
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Natural Gas, Steam, Electric (Heating), Other (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
heat pumps
outdoor seating area
Building Details
Year built
1850
Number of units
2
Flooring type
Carpet, Wood
Building materials
Masonry, Block
Roof type
Shingle
Architectural style
Victorian
Additional Structures
Storage
Listing Agency:
Portside Real Estate Group
(207) 536-4222
Listed By:
Elizabeth Reece
(617) 823-5663
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 6 at 1:06PM
MLS# 1684273
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.
Built in 1850, this 3,030-square-foot Victorian multifamily property features brick construction, 10-foot ceilings, bay windows, decorative fireplaces, original mantels, and extensive moldings. The home includes a renovated studio area and could be arranged as two separate units with the addition of a wall on the second floor. The proposed configuration includes kitchens, laundry, and distinct living areas for each unit, along with bedroom and bathroom layouts described in the listing remarks. Heat pumps provide heating and cooling, and the property has two off-street parking spaces and an outdoor seating area.
The property is in Portland’s West End, near Tandem Coffee, Longfellow Hotel, Wayside Tavern, and the Western Promenade. Public water and sewer serve the property.
The property is in Portland’s West End, near Tandem Coffee, Longfellow Hotel, Wayside Tavern, and the Western Promenade. Public water and sewer serve the property.
Key Highlights
- 3,030 square feet on a 0.07‑acre lot
- Victorian brick property built in 1850
- Potential layout for two separate units with kitchens, laundry, and distinct living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,815
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$996,300
$996.3K
Cap Rate 7%
$711,643
$711.6K
Cap Rate 9%
$553,500
$553.5K
Market Conditions
NOI Build-Up for 3,030 SF
Gross rent
$96.4K $31.80/SF
− Vacancy
−$5.8K −$1.91/SF
EGI
$90.6K $29.89/SF
− OpEx
−$40.8K −$13.45/SF
NOI
$49.8K $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%
$996,300
Cap Rate 7%
$711,643
Cap Rate 9%
$553,500
Alternative Uses
Best Use
Apartment 5plus
$711.6K
$622.7K – $830.3K
NOI $49,815 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$832.8K
$728.7K – $971.6K
NOI $58,296 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3,626
Businesses Nearby
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Business Placement
Demographics for 04102, ME
18,002
Population
8,633
Households
2.1
Avg Household Size
38
Median Age
62%
College-Educated
96%
High-School Grad
6.0 sq mi
ZIP Area
3,000
Density / Sq Mi
$79,631
Median Household Income
$47,898
Median Earnings
$1,435
Median Rent
$464,100
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Portland, ME
Properties on Market for Multifamily properties in Portland
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Historic architectural details, heat pumps, and off-street parking complement a layout with potential for two separate residences.
Where is this multifamily property located?
The property is located at 77 Carleton Street Portland, ME.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 3,030 square feet on a 0.07‑acre lot; Victorian brick property built in 1850; Potential layout for two separate units with kitchens, laundry, and distinct living areas
