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Property profile & analytics
OFF-MARKET Estimated value $790,000
Specialty properties

14 Randall St Portland, ME 04103

4,245 SF 0.23 ac lot Built 1900
Individually Owned 13-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US42-0228304
Property summary
AI-generated overview

This exceptional investment opportunity presents a 13+ room rooming house located at 14 Randall St, Portland, ME 04103. The property, built in 1900, boasts 4,245 square feet across three stories within a single building situated on a 0.23-acre lot. The zoning is residential, allowing for continued operation as a rooming house. The property features a first-floor kitchen recently updated with a new hood. Ample on-site parking is available, a significant advantage in this location. Accessibility is enhanced by a handicap-accessible entrance. Its convenient location offers easy access to Back Cove and I-295, providing residents with convenient access to major transportation routes. Recent life safety upgrades have been implemented, ensuring compliance with current safety standards. The asking price for this well-maintained property is $825,000, representing a strong potential return on investment given its size, location, and existing occupancy. This is a rare opportunity to acquire a well-established rooming house in a desirable Portland neighborhood.

Property profile
Verified
Property type Specialty properties
Use group CHARITABLE ORGANIZATION
Year built 1900
Total area 4,245 SF
Lot 0.23 ac (10,001 SF)
APN PTLD M:166 B:F001001
UPID US42-0228304
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$755k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$790k
Owner & transaction history
Opportunity Alliance · 13 yrs held
Opportunity Alliance
since 2013
Last sale
$825,000
1 recorded transaction
2013
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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