Closed
41 Chestnut Street
Portland ME, 04101
$3,150,000
Closed
16 Baths
15,620 sqft
Multi-family
Built in 1900
Courtesy of Porta & Company
- 16 exempt, value-add units for sale on Portland's peninsula.
- Exempt from City of Portland Rental Control Ordinance
- Multi-Family building comprised of 16 units totaling 12,496+- SF
- Spacious and efficient layout, all units with three-bedrooms on 4-stories
- Exceptional cash-flow opportunity at an opportune time to invest in a growing neighborhood on Portland's peninsula
- Professionally managed building protected by code-compliant, centrally monitored alarm and sprinkler system
- Walkable to Old Port, Downtown Business District District and Whole Foods/Bayside Area
- Projected Cap Rate: 9.22%
- Sale Price: $2,995,000
1520688
MLSⓇ ID
May 9, 2024
Updated
Map
41 Chestnut Street
Portland ME, 04101
Interior Features
Total Stories
4
Total Bathrooms
16
Floor Description
Wood, Vinyl, Carpet
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Baseboard
Exterior/Building Features
Lot Size
0.1 Acres
Lot Features
Level, Intown, Neighborhood
Architectual Style
Multi-Level
Roof
Flat, Membrane
Sewer
Public Sewer
Other Property Details
Taxes
$32,244
Tax Frequency
Annually
Garage
No
Parking
1 - 4 Spaces, Paved
View
No
County
Cumberland
Water Source
Public
Pool
No
Zoning
R6
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
|---|---|---|
10/13/2023 | Sold | $3,150,000 |
Listing Contact: 207-713-6995
Bought with RE/MAX Riverside and Listed by Porta & Company
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2024 Maine Real Estate Information System, Inc. All Rights Reserved. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor McFarlane Field Associates shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 1:10 PM UTC, 5/9/2024
