Active

$949,000

142 Sherman Street, Portland, ME 04101

11beds

3,578sqft

$6,117/mo

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Multi Family

Built in 1889

-- sqft lot

$909,200 Zestimate^®

$265/sqft

$-- HOA

What's special

Positioned in Portland's desirable Parkside Neighborhood, 142 Sherman Street is a fully occupied four-unit investment property offering stable in-place income in one of the city's most sought-after residential neighborhoods. The property benefits from a walkable location just minutes from downtown, the Peninsula, and major commuter routes. The building features a functional unit mix with consistent occupancy, supported by strong rental demand in the surrounding area. The property has been well maintained and improved over time, with a series of updates to both unit interiors and key building systems, contributing to overall efficiency, condition, and long-term reliability. Tenants enjoy convenient access to local shops, restaurants, and services, supporting strong retention and continued demand.

93 days

258

9

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 11
Bathrooms: 4
Full bathrooms: 4

Heating

Baseboard, Direct Vent Heater, Hot Water

Cooling

None

Features

Flooring: Carpet, Laminate, Wood
Basement: Doghouse,Interior Entry,Daylight,Finished,Full

Interior area

Total structure area: 3,578
Total interior livable area: 3,578 sqft
Finished area above ground: 3,578
Finished area below ground: 0

Property

Parking

Parking features: Paved, 5 - 10 Spaces

Features

Levels: Multi/Split

Lot

Size: 5,227 Square Feet
Features: City Lot, Other, Sidewalks

Details

Parcel number: PTLDM048BE002001
Zoning: R7

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Multi Family

Materials

Wood Frame
Roof: Shingle

Condition

Year built: 1889

Utilities & green energy

Electric: Circuit Breakers, Fuses
Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Portland

Financial & listing details

Price per square foot: $265/sqft
Tax assessed value: $650,100
Annual tax amount: $8,770
Date on market: 5/11/2026
Road surface type: Paved

Estimated market value

$909,200

$864,000 - $955,000

$2,523/mo

Price history

Date	Event	Price
5/11/2026	Listed for sale	$949,000+144.9%$265/sqft
Source: Maine Listings #1661644 Report a problem
2/28/2013	Sold	$387,500$108/sqft
Source: Maine Listings #1052288 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$9,368	$650,100
2023	$9,368 +5.9%	$650,100
2022	$8,848 +19.1%	$650,100 +104%
2020	$7,427	$318,600
2019	$7,427 +3.7%	$318,600
2018	$7,162 +3.8%	$318,600
2017	$6,898 +2.6%	$318,600
2016	$6,726 +2.3%	$318,600
2015	$6,573 +3.2%	$318,600
2014	$6,372 +3%	$318,600
2013	$6,184 +3.1%	$318,600
2012	$5,996 +3%	$318,600
2011	$5,824 +3%	$318,600
2009	$5,652	$318,600
2008	$5,652 +8.8%	$318,600
2006	$5,196	$318,600