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Active
  • $350,000

    15 Russell Street, Portland, ME 04102

    4beds
    2,209sqft
    : 
    $2,446/mo
    Get pre-qualified
    Multi Family
    Built in 1910
    -- sqft lot
    $-- Zestimate®
    $158/sqft
    $-- HOA

    What's special

    Prime Portland Investment Opportunity! Calling all investors, contractors, and visionaries. Located in a highly desirable Portland neighborhood, this 2-unit duplex at 15 Russell Street offers a rare chance to bring a multi-family property back to life. Priced aggressively this building is a true blank canvas awaiting a complete top-to-bottom renovation. Whether you are looking to execute a full condo-conversion, design a premium owner-occupied multi-family, or add a high-yield rental asset to your portfolio, the potential here is unmatched. The property requires extensive rehabilitation and is being sold strictly as-is, making it an ideal candidate for cash buyers or 203k/construction financing. Capitalize on Portland's exceptionally strong rental market and severe inventory shortage. Properties with this level of value-add potential are increasingly rare. Bring your architect, your contractor, and your imagination to unlock the immense equity waiting within these walls.
    5 days
    847
    47

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Keller Williams Realty

    Source: Maine Listings,MLS#: 1683359MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Steam
      Cooling
      • None
      Features
      • Flooring: Carpet, Vinyl, Wood
      • Basement: Interior Entry,Partial,Brick/Mortar
      Interior area
      • Total structure area: 2,209
      • Total interior livable area: 2,209 sqft
      • Finished area above ground: 2,209
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: No Driveway, None
      Features
      • Levels: Multi/Split
      Lot
      • Size: 2,613 Square Feet
      • Features: City Lot, Near Shopping, Sidewalks
      Details
      • Parcel number: PTLDM054BC012001
      • Zoning: Residential

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Other
      • Property subtype: Multi Family
      Materials
      • Wood Frame, Vinyl Siding
      • Foundation: Pillar/Post/Pier, Brick/Mortar
      • Roof: Fiberglass
      Condition
      • Year built: 1910

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Portland

      Financial & listing details

      • Price per square foot: $158/sqft
      • Tax assessed value: $534,600
      • Annual tax amount: $7,434
      • Date on market: 10/6/2026
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        10/6/2026Listed for sale$350,000+150%$158/sqft
        Source: Maine Listings #1683359 Report a problem
        1/17/2014Sold$140,000$63/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$7,704 $534,600
        2023$7,704 +5.9%$534,600
        2022$7,276 +55.3%$534,600 +166%
        2020$4,685 $201,000
        2019$4,685 +3.7%$201,000
        2018$4,518 +3.8%$201,000
        2017$4,352 +2.6%$201,000
        2016$4,243 +2.3%$201,000
        2015$4,147 -13.6%$201,000 -16.3%
        2014$4,800 +3%$240,000
        2013$4,658 +3.1%$240,000
        2012$4,517 +3%$240,000
        2011$4,387 +3%$240,000
        2009$4,258 $240,000
        2008$4,258 +8.8%$240,000
        2006$3,914 $240,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Valley Street

        Getting around

        88 / 100
        Very Walkable
        52 / 100
        Good Transit
        82 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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