South Portland, ME
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    South Portland, ME Multifamily Properties for Sale

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    Portland, ME Falmouth, ME Cape Elizabeth, ME
    Turnkey Five-Unit Multifamily Property
    $1,395,000
    3,990 SF
    Turnkey Five-Unit Multifamily Property

    32 Clemons Street, South Portland, ME 04106

    Five-unit multifamily with recent capital improvements and separate owner-occupied residence with deck and outdoor amenities.
    • Five‑unit multifamily with one 2‑bedroom owner’s unit plus three 1‑bedroom apartments and one studio
    • Approximately 0.60 acres with a circular driveway, mature gardens, and green space
    • Owner‑occupied townhouse‑style layout features a porch, deck, and patio, plus one‑floor living and a private deck
    • Extensive capital improvements include roof, rebuilt front fire escape and deck system, and exterior improvements
    • Efficient natural gas heating with hot water provided via natural gas boiler; tenants pay their own electricity
    Updated: Jun 10
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in South Portland, ME, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Quadplex Condo Conversion Opportunity
    $1,349,000
    3,849 SF
    Quadplex Condo Conversion Opportunity

    80%-completed quadplex with permits in place and planned four unit condo-quality buildout for flexible residential use.

    126 Danforth Street, Portland, ME 04101

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    West End Triplex Opportunity
    $1,199,000
    2,784 SF
    West End Triplex Opportunity

    Well-maintained three-unit in Portland's West End.

    115 Clark Street, Portland, ME 04102

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    Historic Greek Revival Multifamily Residence
    $1,250,000
    3,260 SF
    Historic Greek Revival Multifamily Residence

    Stately Portland multifamily property in the heart of Old Port.

    68 Pleasant Street, Portland, ME 04101

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    Mixed-Use Investment Property For Sale
    $1,650,000
    8,172 SF
    Mixed-Use Investment Property For Sale

    Six-unit investment property with commercial and residential spaces.

    200 Brackett St & 54 Pine St, Portland, ME 4102

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Wooded Land in Gorham, Maine
    $425,000
    5.46 Acres
    Wooded Land in Gorham, Maine

    5+ acre wooded parcel near Gorham's downtown.

    30 Boreal Drive, Gorham, ME 04038

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    Residential Land in Rural Setting
    $69,000
    307,098.00 Acres
    Residential Land in Rural Setting

    7.05-acre lot in Leeds, Maine, ready for home plans.

    Lot 26C Jennings Road, Leeds, ME 04263

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    Augusta Land For Sale
    $99,000
    14.63 Acres
    Augusta Land For Sale

    14.63 acre lot in Augusta's Rural Village Zoning.

    Map 15 Lot 6C Spring Road, Augusta, ME 04330

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    Augusta Buildable Lot For Sale
    $49,900
    0.36 Acres
    Augusta Buildable Lot For Sale

    0.36 acre lot with public utilities, mobile homes allowed.

    214 Mount Vernon Avenue, Augusta, ME 04330

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    Off-Market Properties in South Portland, ME

    Consider similar Off-Market properties in South Portland, ME. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    280 Lincoln St
    Multifamily properties
    9,854 SF Lot: 0.69 Acres
    Value Estimation by Request

    280 Lincoln St, South Portland, ME 04106

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    South Portland, ME Multifamily Properties Investment Opportunities Market Analysis

    Explore 2 multifamily properties for sale in South Portland, ME on our real estate platform. These investment opportunities span a total of 3,990 square feet of properties for sale, with an estimated market value of $1,395,000.

    Sale prices for multifamily properties in South Portland, ME start at $1,395,000, averaging $1,395,000, and reaching up to $1,395,000 — 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

    Apartment buildings 1

    Demographics Overview

    Population 27K
    Population Growth (5Y) +4.4%
    Median Household Income $83,744
    College Educated 33.5%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    04106 $599K

    Taxes & Financing

    Tax Rate (average for all types) 1.41%
    Property Tax per SF $23.17 per SF
    Tax Rate vs County Average 0.10 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

    Property Size Breakdown

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

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