429 Deering Ave Portland, ME 04103
- Commercial real estate
- 0.13 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 429 Deering Ave
- Year built
- 1916
- Lot size
- 0.13 lot acres
- Property type
- Commercial real estate
Description
This charming two-unit apartment building, located at 429 Deering Avenue in Portland, Maine, presents a compelling investment opportunity for both owner-users and investors. Built in 1916, this three-story structure sits on a 0.13-acre lot and is zoned R5, offering potential for future development. The asking price is $750,000, translating to $375,000 per unit. The property boasts an excellent location and ample off-street parking, a significant advantage for both residents and owners. The existing two units provide immediate income potential, while the unfinished third floor presents a unique opportunity for expansion, allowing for the creation of additional living space or rental units. This presents a chance to increase the property's value and rental income. The property's address is 429 Deering Ave, Portland, ME 04103, situated in Cumberland County. This multifamily property offers a blend of historic charm and modern potential, making it an attractive investment in a desirable Portland location. The property's strong location and potential for expansion make it a rare find in the competitive Portland real estate market. Serious inquiries are encouraged.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.28377285
- Latitude
- 43.66670657
