272 State St, Portland, ME 04101
- $1,580,000
- 7
- BA
- 4,454
- SqFt
Listing courtesy of RE/MAX Shoreline.
- List Price
- $1,580,000
- MLS#
- 1666398
- Status
- ACTIVE UNDER CONTRACT
- Type
- Multifamily
- City
- Portland
- County
- Cumberland
- Bathrooms
- 7
- Living Area
- 4,454
- Lot Size
- 5,227
- Year Built
- 1894
Property Description
Originally constructed in 1894 and recognized by Greater Portland Landmarks as the John Howard Hill House, this well-maintained seven-unit brick investment property combines historic character with modern updates in a prime Portland location near Maine Medical Center, the University of Southern Maine, and downtown Portland. This property offers seven spacious apartments, including one efficiency unit, with strong rental appeal and long-term upside. Recent improvements include two new toilets, four new bathroom vanities, a new sink, a new refrigerator, and a new stove. All units feature keyless entry systems, providing added convenience for tenants and streamlined management for ownership. Solid brick construction contributes to low-maintenance ownership, while the property's desirable location continues to attract tenants seeking proximity to major employers, educational institutions, and Portland's restaurants, shops, and amenities. The property also includes four off-street parking spaces, generating an additional $4,800 in annual income. An opportunity to acquire a historic multifamily asset with strong fundamentals, additional income potential, and a proven location in one of Portland's most established rental corridors
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Additional Information
- Living Area
- 4,454
- Electric
- Circuit Breakers
- Water
- Public
- Basement
- Bulkhead, Full
- Cooling
- None
- Year Built
- 1894
- Acres
- 0.12
- Roof
- Pitched, Slate
- Foundation
- Brick/Mortar
- Style
- Other, Victorian
- Courtesy Of Listing Office
- RE/MAX Shoreline
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