14 Randall St Portland, ME 04103
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.