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  • $1,195,000

    16 Montrose Avenue, Portland, ME 04103

    9beds
    4,410sqft
    : 
    $7,862/mo
    Get pre-qualified
    Multi Family
    Built in 1885
    -- sqft lot
    $1,149,400 Zestimate®
    $271/sqft
    $-- HOA

    What's special

    Exceptional opportunity in Portland's desirable Rosemont neighborhood! 14-16 Montrose Avenue offers three spacious residential units, numerous updates, a detached 3-car garage and a location that continues to make this neighborhood one of Portland's most sought-after residential areas. Each of the three units offers generous living space, creating an attractive opportunity for investors as well as an owner-occupant looking to combine comfortable living with rental income. Numerous improvements have been completed throughout the property, while the detached three-car garage provides valuable parking and storage rarely found with Portland multi-units. Adding another interesting dimension, the property's deed describes the premises as two lots within the historic Rosemont subdivision, and City parcel mapping depicts two underlying parcels. The existing 3-unit and detached garage are situated on opposite parcels. This configuration may offer intriguing future possibilities for a buyer willing to explore the property's development potential with the City of Portland. A rare combination of three substantial units, a 3-car garage, desirable neighborhood setting and potential future upside—all just minutes from downtown Portland. Development potential has not been approved or confirmed. Buyers are responsible for independently verifying permitted uses and development potential with the City of Portland.
    41 days
    164
    5

    Zillow last checked:

    Listing updated:

    Listed by:

    Maine Community Real Estate

    Source: Maine Listings,MLS#: 1679908MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Radiator, Steam
      Cooling
      • None
      Appliances
      • Laundry: Laundry - Coin
      Features
      • Bathtub, Pantry, Shower, Storage
      • Flooring: Vinyl, Wood
      • Basement: Bulkhead,Interior Entry,Full,Unfinished
      • Has fireplace: No
      Interior area
      • Total structure area: 4,410
      • Total interior livable area: 4,410 sqft
      • Finished area above ground: 4,410
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 3
      • Parking features: Paved, 5 - 10 Spaces, On Site, Detached
      • Garage spaces: 3
      Accessibility
      • Accessibility features: 32 - 36 Inch Doors
      Features
      • Levels: Multi/Split
      • Stories: 3
      • Patio & porch: Deck
      • Has view: Yes
      • View description: Scenic
      Lot
      • Size: 9,583 Square Feet
      • Features: Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Neighborhood, Corner Lot, Sidewalks
      Details
      • Parcel number: PTLDM176BH008001
      • Zoning: R5
      • Other equipment: Internet Access Available

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Other
      • Property subtype: Multi Family
      Materials
      • Masonry, Wood Frame, Block
      • Foundation: Stone, Poured Concrete
      • Roof: Flat,Membrane,Shingle
      Condition
      • Year built: 1885

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Public Sewer
      • Water: Public
      Green energy
      • Energy efficient items: Insulated Foundation

      Community & HOA

      Location
      • Region: Portland

      Financial & listing details

      • Price per square foot: $271/sqft
      • Tax assessed value: $670,200
      • Annual tax amount: $11,604
      • Date on market: 9/16/2026
      • Listing terms: 1031 Exchange
      • Road surface type: Paved

        Estimated market value

        $1,149,400

        $1.09M - $1.21M

        $2,275/mo

        Price history

        DateEventPrice
        9/16/2026Listed for sale$1,195,000+146.4%$271/sqft
        Source: Maine Listings #1679908 Report a problem
        11/17/2017Sold$485,000$110/sqft
        Source: Maine Listings #1329139 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$9,658 $670,200
        2023$9,658 +5.9%$670,200
        2022$9,121 +7.9%$670,200 +84.8%
        2020$8,455 $362,700
        2019$8,455 +3.7%$362,700
        2018$8,153 +3.8%$362,700
        2017$7,852 +2.5%$362,700
        2016$7,657 +2.3%$362,700
        2015$7,483 +3.2%$362,700
        2014$7,254 +3%$362,700
        2013$7,040 +3.1%$362,700
        2012$6,826 +3%$362,700
        2011$6,630 +3%$362,700
        2009$6,434 $362,700
        2008$6,434 +8.8%$362,700
        2006$5,916 $362,700
        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: Rosemont

        Getting around

        79 / 100
        Very Walkable
        42 / 100
        Some Transit
        78 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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