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.
Active
$350,000
15 Russell Street, Portland, ME 04102
4beds
2,209sqft
Multi Family
Built in 1910
-- sqft lot
$-- Zestimate®
$158/sqft
$-- HOA
What's special
- 5 days
- 847
- 47
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Keller Williams Realty
Source: Maine Listings,MLS#: 1683359
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
| Date | Event | Price |
|---|---|---|
| 10/6/2026 | Listed for sale | $350,000+150%$158/sqft |
Source: | ||
| 1/17/2014 | Sold | $140,000$63/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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






