Mixed-Use Building with 36
New
For Sale
$9,000,000
79 Bramhall Street, Portland, ME 04102
Commercial Sale, Portland, ME
Property Size50,440 SF
Lot Size0.87 Acres
Price / SF$178.43
Days on Market2
Property Features for 79 Bramhall Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-2b
Rooms
Basement
Parking features
Offsite, Off Street
Basement
Full, Unfinished
Lot features
Business District, Near Shopping
Standard status
Active
Size
50,440 SF
Lot size
0.87 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
114277
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas, Baseboard
Water source
Public
Amenities
in-unit washer/dryer/dishwasher
storage
Building Details
Year built
1900
Number of units
37
Flooring type
Vinyl, Tile, Wood, Laminate, Carpet
Building materials
Masonry, Brick
Roof type
Slate
Listing Agency:
Vitalius Real Estate Group, LLC
Listed By:
Briton Vitalius
(207) 541-3755
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 11:06PM
MLS# 1684954
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 50,440-square-foot mixed-use property contains 36 apartments above ground-floor commercial space. The commercial area measures approximately 6,960 square feet, with an additional 1,250 square feet of storage. Residential features include in-unit washers, dryers, and dishwashers; the building also has an elevator and 62 parking spaces. Two cell tower leases occupy the rooftop. Zoning is B-2b, and the parcel covers 0.87 acres.
Designed by Portland architect John Calvin Stevens, the building dates to the late 19th century and originally served as the Maine Eye and Ear Infirmary. A redevelopment in the mid-1990s established its current residential and commercial configuration. Masonry and brick construction, a slate roof, public water, and public sewer are among the property’s recorded features.
Designed by Portland architect John Calvin Stevens, the building dates to the late 19th century and originally served as the Maine Eye and Ear Infirmary. A redevelopment in the mid-1990s established its current residential and commercial configuration. Masonry and brick construction, a slate roof, public water, and public sewer are among the property’s recorded features.
Key Highlights
- 36 apartments with first‑floor commercial space
- Approximately 6,960 square feet of commercial area and 1,250 square feet of storage
- Two rooftop cell tower leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$626,465
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,529,300
$12.5M
Cap Rate 7%
$8,949,500
$8.9M
Cap Rate 9%
$6,960,722
$7.0M
Market Conditions
NOI Build-Up for 50,440 SF
Gross rent
$1.09M $21.60/SF
− Vacancy
−$87.2K −$1.73/SF
EGI
$1.00M $19.87/SF
− OpEx
−$375.9K −$7.45/SF
NOI
$626.5K $12.42/SF
Area
Cumberland County, ME
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,529,300
Cap Rate 7%
$8,949,500
Cap Rate 9%
$6,960,722
Alternative Uses
Best Use
Apartment 5plus
$11.85M
$10.37M – $13.82M
NOI $829,264 @ 7.0% cap · market cap 9.21%
Second Best
Mixed Use
$8.95M
$7.83M – $10.44M
NOI $626,465 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$13.86M
$12.13M – $16.17M
NOI $970,443 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
36
Residential units
Location Intelligence
Trade Area within ½ mile
3,904
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space complements upper-level residences, with rooftop cell tower leases and on-site parking.
Where is this mixed-use property located?
The property is located at 79 Bramhall Street Portland, ME.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: 36 apartments with first‑floor commercial space; Approximately 6,960 square feet of commercial area and 1,250 square feet of storage; Two rooftop cell tower leases
