Prime 5-unit multifamily investment opportunity in Portland's desirable West End in Parkside. Featuring four 2-bedroom units and two 1-bedroom units, this income-producing property offers excellent tenant demand, and future upside potential. The current owner has offered the units to his employees at a discounted rental rate. Owner initiated process to legalize 6th unit with fire escape addition but was unable to resolve with the city. The property had a safety inspection completed by the city with the third floor broken up into two, two-bedroom units instead of one combined four-bedroom unit. Conveniently located minutes from Downtown Portland, Maine Medical Center, restaurants, shops, and public transportation. A rare opportunity to acquire a well-located multifamily asset.
Group showings:
Tuesday, June 23rd at 10am - 11:30am
Thursday, June 25th at 12pm - 1:00pm
All showings after group showings will be by appointment only. Allow at least 24 hours to notify tenants.
Active
$1,319,000
146 Sherman Street, Portland, ME 04101
10beds
5,650sqft
Multi Family
Built in 1910
-- sqft lot
$-- Zestimate®
$233/sqft
$-- HOA
What's special
- 12 days |
- 539 |
- 13 |
Zillow last checked:
Listing updated:
Listed by:
EXP Realty
Source: Maine Listings,MLS#: 1668085
Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Baseboard, Forced Air, Hot Water, Zoned, Radiator
Cooling
- None
Appliances
- Laundry: Laundry - Coin
Features
- Bathtub, Shower
- Flooring: Carpet, Vinyl, Wood
- Basement: Interior Entry,Full,Unfinished,Brick/Mortar
- Has fireplace: No
Interior area
- Total structure area: 5,650
- Total interior livable area: 5,650 sqft
- Finished area above ground: 5,650
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Parking features: No Driveway, None, Off Street
Lot
- Size: 4,356 Square Feet
- Features: Near Shopping, Near Turnpike/Interstate, Near Town, Near Railroad, Corner Lot, Open Lot, Rolling Slope, Sidewalks
Details
- Parcel number: PTLDM048BE001001
- Zoning: R6
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Block, Stone, Brick/Mortar
- Roof: Pitched,Shingle
Condition
- Year built: 1910
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & HOA
Community
- Security: Fire System
Location
- Region: Portland
Financial & listing details
- Price per square foot: $233/sqft
- Tax assessed value: $957,000
- Annual tax amount: $12,664
- Date on market: 6/19/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/19/2026 | Listed for sale | $1,319,000+38.8%$233/sqft |
Source:  Maine Listings #1668085 Report a problem | ||
| 9/24/2019 | Sold | $950,000$168/sqft |
Source: Maine Listings #1425393 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $13,790 | $957,000 |
| 2023 | $13,790 +5.9% | $957,000 |
| 2022 | $13,025 +46.6% | $957,000 +151% |
| 2020 | $8,886 | $381,200 |
| 2019 | $8,886 +3.7% | $381,200 |
| 2018 | $8,569 +3.8% | $381,200 |
| 2017 | $8,253 +2.6% | $381,200 |
| 2016 | $8,047 +2.3% | $381,200 |
| 2015 | $7,864 +3.1% | $381,200 |
| 2014 | $7,624 +2.6% | $381,200 -0.4% |
| 2013 | $7,430 +6.2% | $382,800 |
| 2011 | $6,998 +3% | $382,800 |
| 2009 | $6,791 | $382,800 |
| 2008 | $6,791 +8.8% | $382,800 |
| 2006 | $6,243 | $382,800 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Parkside
Nearby schools
GreatSchools rating
- 3/10Howard C Reiche Community SchoolGrades: PK-5Distance: 0.4 mi
- 2/10King Middle SchoolGrades: 6-8Distance: 0.2 mi
- 4/10Portland High SchoolGrades: 9-12Distance: 0.8 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Maine
- Cumberland County
- Portland
- 04101
- Parkside
- 146 Sherman Street
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Portland Topics
