Investors and house hackers - this downtown Portland 3-unit offers a strong income with two 3-bedroom units currently renting for $2,700/month each, while the vacant third-floor 2-bedroom gives you the opportunity to generate more income, move in yourself, or make further improvements to build additional equity. The property is equipped with a sprinkler system, separate electric, and a single gas meter. Add to your investment portfolio or offset your housing costs with rental income.
Active
$789,000
124 Sherman Street, Portland, ME 04101
8beds
3,030sqft
Multi Family
Built in 1896
-- sqft lot
$774,700 Zestimate®
$260/sqft
$-- HOA
What's special
Sprinkler system
- 5 days
- 425
- 28
Zillow last checked:
Listing updated:
Listed by:
Vitalius Real Estate Group, LLC
Source: Maine Listings,MLS#: 1679888
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Space Heater
Cooling
- None
Features
- Flooring: Vinyl, Wood
- Basement: Interior Entry,Full,Unfinished
Interior area
- Total structure area: 3,030
- Total interior livable area: 3,030 sqft
- Finished area above ground: 3,030
- Finished area below ground: 0
Property
Parking
- Parking features: Other, 1 - 4 Spaces, Off Street, On Street
- Has uncovered spaces: Yes
Features
- Levels: Multi/Split
- Stories: 3
- Patio & porch: Porch
Lot
- Size: 2,613 Square Feet
- Features: City Lot, Level, Sidewalks
Details
- Parcel number: PTLDM048BE006001
- Zoning: RN-4
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Wood Frame, Asbestos
- Foundation: Block, Poured Concrete, Brick/Mortar
- Roof: Shingle
Condition
- Year built: 1896
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Fire Sprinkler System
Location
- Region: Portland
Financial & listing details
- Price per square foot: $260/sqft
- Tax assessed value: $541,700
- Annual tax amount: $7,791
- Date on market: 9/9/2026
- Road surface type: Paved
Estimated market value
$774,700
$736,000 - $813,000
$3,090/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/9/2026 | Listed for sale | $789,000+19.7%$260/sqft |
Source:  Maine Listings #1679888 Report a problem | ||
| 11/27/2025 | Listing removed | $659,000$217/sqft |
Source: Maine Listings #1615675 Report a problem | ||
| 9/3/2025 | Price change | $659,000-2.4%$217/sqft |
Source: Maine Listings #1615675 Report a problem | ||
| 8/26/2025 | Listed for sale | $675,000$223/sqft |
Source: Maine Listings #1615675 Report a problem | ||
| 7/10/2025 | Listing removed | $675,000$223/sqft |
Source: Maine Listings #1615675 Report a problem | ||
| 6/9/2025 | Price change | $675,000-3.4%$223/sqft |
Source: Maine Listings #1615675 Report a problem | ||
| 5/20/2025 | Price change | $699,000-3.6%$231/sqft |
Source: Maine Listings #1615675 Report a problem | ||
| 3/27/2025 | Price change | $725,000-3.3%$239/sqft |
Source: Maine Listings #1615675 Report a problem | ||
| 3/7/2025 | Listed for sale | $750,000$248/sqft |
Source: Maine Listings #1615675 Report a problem | ||
| 3/13/2024 | Listing removed | -- |
Source: Maine Listings #1581397 Report a problem | ||
| 2/22/2024 | Price change | $750,000-3.8%$248/sqft |
Source: Maine Listings #1581397 Report a problem | ||
| 2/1/2024 | Listed for sale | $780,000+249%$257/sqft |
Source: Maine Listings #1581397 Report a problem | ||
| 11/9/2017 | Sold | $223,500+40.6%$74/sqft |
Source: Agent Provided Report a problem | ||
| 4/14/2011 | Listing removed | $159,000$52/sqft |
Source: Sullivan Multi Family Realty, LLS #978421 Report a problem | ||
| 2/26/2011 | Listed for sale | $159,000$52/sqft |
Source: Sullivan Multi Family Realty, LLS #978421 Report a problem | ||
| 7/3/2010 | Listing removed | $159,000$52/sqft |
Source: Sullivan Multi Family Realty, LLS #978421 Report a problem | ||
| 6/26/2010 | Price change | $159,000-11.2%$52/sqft |
Source: Sullivan Multi Family Realty, LLS #978421 Report a problem | ||
| 6/18/2010 | Price change | $179,000-10.1%$59/sqft |
Source: Sullivan Multi Family Realty, LLS #978421 Report a problem | ||
| 6/11/2010 | Price change | $199,000-6.1%$66/sqft |
Source: Sullivan Multi Family Realty, LLS #978421 Report a problem | ||
| 5/21/2010 | Price change | $212,000-5.4%$70/sqft |
Source: E to P LLC, dba Keller Williams Realty #966528 Report a problem | ||
| 5/13/2010 | Price change | $224,000-4.3%$74/sqft |
Source: E to P LLC, dba Keller Williams Realty #966528 Report a problem | ||
| 5/8/2010 | Price change | $234,000-2.1%$77/sqft |
Source: E to P LLC, dba Keller Williams Realty #966528 Report a problem | ||
| 4/10/2010 | Price change | $239,000-4%$79/sqft |
Source: E to P LLC, dba Keller Williams Realty #966528 Report a problem | ||
| 3/28/2010 | Price change | $249,000-2.4%$82/sqft |
Source: E to P LLC, dba Keller Williams Realty #966528 Report a problem | ||
| 3/20/2010 | Listed for sale | $255,000$84/sqft |
Source: E to P LLC, dba Keller Williams Realty #966528 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,806 | $541,700 |
| 2023 | $7,806 +5.9% | $541,700 |
| 2022 | $7,373 +23.8% | $541,700 +112% |
| 2020 | $5,956 | $255,500 |
| 2019 | $5,956 +3.7% | $255,500 |
| 2018 | $5,744 +3.8% | $255,500 |
| 2017 | $5,532 +2.6% | $255,500 |
| 2016 | $5,394 +2.3% | $255,500 |
| 2015 | $5,271 +3.2% | $255,500 |
| 2014 | $5,110 +3% | $255,500 |
| 2013 | $4,959 +3.1% | $255,500 |
| 2012 | $4,809 +3% | $255,500 |
| 2011 | $4,671 +3% | $255,500 |
| 2009 | $4,533 | $255,500 |
| 2008 | $4,533 -1.3% | $255,500 -9.3% |
| 2006 | $4,595 | $281,700 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Parkside
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