Closed

$1,250,000

1 Sherman Street, Portland, ME 04101

13beds

7,056sqft

Multi Family

Built in 1910

-- sqft lot

$1,515,300 Zestimate^®

$177/sqft

$2,194 Estimated rent

Home value

$1,515,300

$1.36M - $1.70M

$2,194/mo

Zestimate^® history

Owner options

List your home for rent

$2,194/mo

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$2,194/mo

Rent Zestimate^®

Refinance and save

$6,305/mo

Est. payment

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$6,305/mo

Est. payment

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What's special

Clean hallwaysNatural gasHardwood floorsUpdated unitsNear deering oaks parkNewer windows

A classic peninsula building that's clean, organized, well run & turnkey. This fully rented 8 unit offers 4 One bedroom apartments, 3 Two bedroom apartments and a third floor Three bedroom penthouse apartment with skylights and views. Convenient location near Deering Oaks Park, mostly all updated units, newer windows, brand new natural gas furnace, insulated & dry full basement, clean hallways, easy vinyl siding, managed coin operated laundry on site, hardwood floors & some charming features that all come together to make living as well as owning easeful, comfortable & enjoyable. Separated electrical & natural gas for cook stoves. Some off street parking. A unique and great opportunity to start or grow your investment portfolio with a solid, well maintained and stable property.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 13
Bathrooms: 8
Full bathrooms: 8

Heating

Baseboard, Hot Water, Zoned, Radiator

Cooling

None

Appliances

Laundry: Laundry - Coin

Features

Flooring: Carpet, Laminate, Vinyl, Wood
Basement: Exterior Entry,Dirt Floor,Walk-Out Access,Full,Unfinished,Brick/Mortar

Interior area

Total structure area: 7,056
Total interior livable area: 7,056 sqft
Finished area above ground: 7,056
Finished area below ground: 0

Property

Parking

Parking features: Common, Gravel, 1 - 4 Spaces, On Site, Off Street, On Street
Has uncovered spaces: Yes

Features

Levels: Multi/Split
Stories: 3

Lot

Size: 4,791 sqft
Features: Business District, City Lot, Near Shopping, Neighborhood, Corner Lot, Open Lot, Sidewalks

Details

Zoning: R6

Construction

Type & style

Home type: MultiFamily
Architectural style: New Englander,Other
Property subtype: Multi Family

Materials

Wood Frame, Vinyl Siding
Foundation: Brick/Mortar
Roof: Shingle

Condition

Year built: 1910

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: Utilities On

Community & neighborhood

Location

Region: Portland

Other

Other facts

Road surface type: Paved

Price history

Date	Event	Price
2/1/2024	Pending sale	$1,325,000+6%$188/sqft
Source: Maine Listings #1579386 Report a problem
1/31/2024	Sold	$1,250,000-5.7%$177/sqft
Source: Maine Listings #1579386 Report a problem
1/18/2024	Contingent	$1,325,000$188/sqft
Source: Maine Listings #1579386 Report a problem
1/2/2024	Listed for sale	$1,325,000$188/sqft
Source: Maine Listings #1579386 Report a problem