Active

$1,319,000

146 Sherman Street, Portland, ME 04101

10beds

5,650sqft

$8,074/mo

Get pre-qualified

Multi Family

Built in 1910

-- sqft lot

$-- Zestimate^®

$233/sqft

$-- HOA

What's special

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.

58 days

284

2

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

View virtual tour

Property

Parking

Parking features: No Driveway, None, Off Street

Features

Levels: Multi/Split

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

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

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