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    Portland, ME Residential Income Properties for Sale

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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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    Renovated Office and Mixed-Use Duplex
    Updated: Jul 11
    Renovated Office and Mixed-Use Duplex

    522-526 Washington Avenue, Portland, ME 04103

    $1,070,000
    5,036 sqft 0.33 AC lot
    Two adjoining properties on Portland’s Washington Avenue corridor, available individually or as a package
    Renovated commercial office building included
    Mixed‑use 2‑family with commercial space included
    Vinyl siding exterior
    Public water and public sewer
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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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    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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    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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    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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    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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    Five-Unit Multifamily Building
    Five-Unit Multifamily Building

    61 Wilson Street, Portland, ME 04101

    $1,500,000
    6,100 sqft 0.12 AC lot

    Five-unit multifamily property with apartment configurations including three three-bedroom units plus one one-bedroom and one two-bedroom unit.

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    Three-Unit Residential Income Property
    Three-Unit Residential Income Property

    31 Bates Street, Portland, ME 04103

    $1,395,000
    2,393 sqft

    Three full residential units with dedicated basement storage and coin-operated laundry, plus parking for up to six vehicles.

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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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    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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    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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    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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    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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    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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    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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    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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    Mixed-Use Building with Restaurant Space
    Mixed-Use Building with Restaurant Space

    14 Veranda Street, Portland, ME 04103

    $935,000
    4,637 sqft

    Mixed-use building with restaurant and residential components in Portland, Maine.

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    Two-Unit New Englander Duplex
    Two-Unit New Englander Duplex

    14 Devon Street, Portland, ME 04102

    $725,000
    2,487 sqft 0.27 AC lot

    Circa 1900 two-unit duplex with off-street parking and a two-car garage, offered as-is for immediate occupancy.

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    Three-Unit Residential Income Property
    Three-Unit Residential Income Property

    115 Clark Street, Portland, ME 04102

    $1,345,000
    2,784 sqft

    Well-maintained three-unit with off-street parking and multiple distinct unit layouts, including deck access and a lofted third level.

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

    31 Alba Street, Portland, ME 04103

    $719,000
    2,424 sqft 0.11 AC lot

    Well-maintained two-unit home with 3-bedroom layouts, hardwood flooring, backyard, off-street parking, and a two-car garage.

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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

    Mixed-use property with one street-level retail unit and eight residential units plus a full finished basement with loading dock.

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    Five-Unit Multifamily Building
    Five-Unit Multifamily Building

    146 Sherman Street, Portland, ME 04101

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

    Five residential units feature four 2-bedroom and two 1-bedroom apartments within a single multifamily building.

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    Portland, ME Residential Income Properties Market Trends and Statistics

    Explore 87 residential income properties for sale in Portland, ME, showcased through 87 active listings on our real estate platform. These investment opportunities span a total of 359,847 square feet of properties for sale, with an estimated market value of $114,036,798.

    Sale prices for residential income properties in Portland, ME start at $480,000, averaging $1,425,459, and reaching up to $10,383,500 — 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

    Multifamily properties 85
    Triplexes 30
    Duplexes 28
    Apartment buildings 20
    Quadplexes 5

    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 $1.4M
    04101 $2.1M

    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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    Most Searched ZIP Codes in Portland, ME

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    • 04102
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