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    Portland, ME Multifamily Properties for Sale

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    South Portland, ME Cape Elizabeth, ME New Portland, ME Chebeague Island, ME Falmouth, ME Scarborough, ME Westbrook, ME Gorham, ME
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    Turnkey 3-Unit Multifamily Property
    Updated: Jul 17
    Turnkey 3-Unit Multifamily Property

    17 Boynton Street, Portland, ME 04102

    $849,900
    4,311 sqft 0.09 AC lot
    Victorian 3‑unit multi‑family property built in 1889
    Three 2‑bedroom apartments with 1st floor bedroom feature
    Wood frame with vinyl siding and wood/vinyl flooring
    Hot water heating with natural gas
    Off‑street parking available
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    This listing looks promising.

    Here's a quick look at some key insights for

    17 Boynton Street, Portland, ME 04102

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    • Est. Cap Rate

      9%
      Above avg (5.9%)

    • Est. NOI

      $76K
      Annual

    • Price @ 7% Cap

      $1.09M
      Above asking

    • Property Type

      Triplex
      Built 1889
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    Mixed-Use Property Package
    Updated: Jul 6
    Mixed-Use Property Package

    522-526 Washington Avenue, Portland, ME 04103

    $1,140,000
    5,036 sqft 0.33 AC lot
    Two adjoining properties on Portland’s Washington Avenue corridor, available individually or as a package
    Package includes a renovated commercial office building and a mixed‑use 2‑family with commercial space
    Expansive combined parking footprint for the paired properties
    Public water and public sewer hookups
    Heating includes baseboard with oil; exterior siding is vinyl; flooring includes wood and vinyl; basement present
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    Three-Unit Residential Income Property
    Three-Unit Residential Income Property

    325 Woodford Street, Portland, ME 04103

    $948,000
    3,067 sqft 0.23 AC lot

    Three-unit building with largely renovated interiors, three separate electrical boxes, and convenient access to major routes.

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    Eastern Promenade Colonial Revival Multifamily
    Eastern Promenade Colonial Revival Multifamily

    63-69 Morning Street, Portland, ME 04101

    $2,690,000
    6,283 sqft 0.17 AC lot

    Rare 5-unit building near Eastern Promenade with flexible layout.

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    Mixed-Use Investment Property For Sale
    Mixed-Use Investment Property For Sale

    200 Brackett St & 54 Pine St, Portland, ME 04102

    $1,650,000
    8,172 sqft

    Six-unit investment property with commercial and residential spaces.

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    Two-Unit Residential Income Property
    Two-Unit Residential Income Property

    75 Carleton Street, Portland, ME 04102

    $990,000
    2,634 sqft 0.05 AC lot

    Two-unit property built in 1874, currently operating as an Airbnb with private outdoor space and off-street parking.

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    Renovated Triplex Near Major Employers
    Renovated Triplex Near Major Employers

    14 Boynton Street, Portland, ME 04102

    $748,000
    3,056 sqft 0.10 AC lot

    For-sale triplex with renovated first and third floor units and ample on- and off-street parking.

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    Mixed-Use Four-Unit Property
    Mixed-Use Four-Unit Property

    69 Newbury Street, Portland, ME 04101

    $2,250,000
    4,438 sqft 0.04 AC lot

    Four-unit mixed-use property with three residential apartments and one commercial space, supported by major recent capital improvements.

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    Eastern Promenade Multifamily Investment Opportunity
    Eastern Promenade Multifamily Investment Opportunity

    63-69 Morning Street, Portland, ME 04101

    $2,690,000
    6,283 sqft

    Rare 5-unit building near Eastern Promenade with investment and owner-occupancy potential.

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    Permitted Quadplex Conversion
    Permitted Quadplex Conversion

    126 Danforth Street, Portland, ME 04101

    $1,195,000
    3,849 sqft 0.11 AC lot

    Four-unit project with permits in place and interior systems substantially completed, plus four off-street parking spaces.

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    Mixed-Use Retail and Residential Building
    Mixed-Use Retail and Residential Building

    671-675 Forest Avenue, Portland, ME 04103

    $1,499,000
    7,446 sqft 0.12 AC lot

    Mixed-use building with one street-level retail unit and eight residential units on the second floor.

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    Four-Unit Apartment Building
    Four-Unit Apartment Building

    315 Brackett Street, Portland, ME 04102

    $824,900
    2,360 sqft

    Four-unit building with a vacant first-floor unit, providing flexibility for owner occupancy or immediate rental.

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    Mixed-Use Building with Retail
    Mixed-Use Building with Retail

    671 Forest Avenue, Portland, ME 04103

    $1,499,000
    11,169 sqft 0.12 AC lot

    Includes one street-level retail unit and eight second-floor residential units, with a finished basement and loading dock.

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    Turnkey 10-Unit Multifamily
    Turnkey 10-Unit Multifamily

    7 Huntress Street, Portland, ME 04102

    $2,195,000
    9,980 sqft 0.24 AC lot

    Professionally managed 10-unit building with recent systems and interior updates plus nine parking spaces.

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    Versatile Multi-Unit Property in Portland
    Versatile Multi-Unit Property in Portland

    1344 Washington Avenue, Portland, ME 04103

    $660,000
    2,124 sqft

    Multi-unit property with rental and expansion potential in Portland.

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    Three-Unit Double-Lot Residential Building
    Three-Unit Double-Lot Residential Building

    47 Frederic Street, Portland, ME 04102

    $949,000
    3,570 sqft 0.22 AC lot

    Three-unit income property on a double lot with a yard and development potential.

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    Historic Brick Multifamily with Parking
    Historic Brick Multifamily with Parking

    209-211 State Street, Portland, ME 04101

    $2,390,000
    11,000 sqft 0.18 AC lot

    Two separately deeded buildings totaling 10 residential units in a historic brick complex with off-street parking.

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    Redesigned Downtown Three-Unit Gem
    Redesigned Downtown Three-Unit Gem

    123 Cumberland Avenue, Portland, ME 04101

    $1,800,000
    3,667 sqft

    Historic charm blends with contemporary design in this three-unit property.

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    Four-Unit Residential Property with Outdoor Space
    Four-Unit Residential Property with Outdoor Space

    224 Valley Street, Portland, ME 04102

    $985,000
    2,911 sqft 0.11 AC lot

    A well-maintained quadplex offering two 1-bedroom and two 3-bedroom apartments, each with private outdoor access and updated systems.

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    Portland Mixed-Use Investment Opportunity
    Portland Mixed-Use Investment Opportunity

    522-526 Washington Avenue, Portland, ME 04103

    $1,140,000
    5,036 sqft

    Two adjoining properties with commercial and residential income potential.

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    Multifamily Building with Apartment Mix
    Multifamily Building with Apartment Mix

    146 Sherman Street, Portland, ME 04101

    $1,319,000
    5,650 sqft 0.10 AC lot

    Multifamily building featuring a defined unit mix of 2-bedroom and 1-bedroom apartments under Portland R6 zoning.

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    Renovated Two-Unit Duplex
    Renovated Two-Unit Duplex

    850 WASHINGTON AVE, Portland, ME 04103

    $849,000
    2,184 sqft 0.50 AC lot

    Turnkey two-bedroom units with in-unit laundry, updated systems, detached garage, and ample off-street parking on a large lot.

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    Triplex with Garage and Backyard
    Triplex with Garage and Backyard

    268 Concord Street W, Portland, ME 04103

    $917,500
    3,688 sqft

    Well-maintained triplex with off-street parking, a garage, and spacious backyard, plus finished space that may support a fourth unit.

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    Two-Unit Residential Income Property
    Two-Unit Residential Income Property

    850 Washington Avenue, Portland, ME 04103

    $799,000
    2,184 sqft 0.53 AC lot

    Turnkey two-unit rental with two 2-bedroom apartments, in-unit laundry, updated interiors, and detached 2-car garage on a large lot.

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    Portland, ME Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Portland, ME, showcased through 61 active listings on our real estate platform. These investment opportunities span a total of 292,473 square feet of properties for sale, with an estimated market value of $76,651,898.

    Sale prices for multifamily properties in Portland, ME start at $515,000, averaging $1,321,584, and reaching up to $9,999,500 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 21
    Triplexes 20
    Apartment buildings 17
    Quadplexes 3
    Short term rental properties 2

    Demographics Overview

    Population 119K
    Population Growth (5Y) +15.6%
    Median Household Income $93,177
    College Educated 60.2%

    High-Yield Neighborhoods for Investment

    Identify Portland submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    04102 $1.1M
    04103 $1.6M
    04101 $2.2M

    Taxes & Financing

    Tax Rate (average for all types) 1.44%
    Property Tax per SF $9.35 per SF
    Tax Rate vs County Average 0.08 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cumberland County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Cumberland County

    Retail

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Portland fall within the 100,000+ square foot range.

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