Investment Opportunity / For Sale

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30469514
Status: Pending
Number of Units: 15 Units
Building Size (RSF): 16,622 SF
Gross Building Area: See Agent
Gross Land Area: 0.21 Acres
Sale Price: $3,295,000
Unit Price: $219,666.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/13/2020

Overview / Comments


Two adjacent multi-unit buildings in a fantastic location on the corner of Atlantic and
Wilson at the top of a quiet neighborhood in Portland’s popular East End

15 units with a mix of one and two bedrooms, some water views on the top floors

Some off-street parking and ample on-street parking

100% occupied, great rental history

55 Atlantic Street completely renovated - excellent up-side opportunity to renovate
80 Wilson Street

SALE PRICE: $3,295,000

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 016 B022
Highway Access: 295
Airports: Portland International Jetport
Total Number of Buildings: 2
Property Condition: Good
Year Built: 1900
Roof Type: Other
Construction/Siding: Brick, Stone, Wood Frame
Parking Description: 4 –5 off-street spaces Drive-way wraps around building
Total Parking Spaces: 10
Heat Type: Electricity, Natural Gas
Heat Source: Baseboard
Zoning Description: Residential
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,041 70,197 114,596
Median Age: 33.97 37.9 39.33
Households: 7,174 33,244 51,266
The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.