Across from the famous Red's Dairy Freeze sits a charming red 3-unit multi-family. Each unit has 2 bedrooms and 1 bath, there is parking for each unit, plus a new heating system and new roof. The sunny third floor unit is currently vacant so that a buyer can move right in or lease it out as they please. The first and second floor offer spacious, double parlor layouts, and decks off the front. Just across the bridge from Portland, this location is just a few minutes from a variety of beaches, breweries, and bakeries! ***If you're having a hard time finding a house in your budget, start with a multi-family! Did you know there is a new 5% down loan available to first time multi-family buyers? Ask your local lender for more info.***
Closed
$730,000
178 Cottage Road, South Portland, ME 04106
6beds
2,918sqft
Multi Family
Built in 1905
-- sqft lot
$854,700 Zestimate®
$250/sqft
$2,660 Estimated rent
Home value
$854,700
$786,000 - $940,000
$2,660/mo
Zestimate® history
Owner options
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$3,682/mo
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New heating systemNew roof
Zillow last checked:
Listing updated:
Listed by:
Vitalius Real Estate Group, LLC
Bought with:
Signature Homes Real Estate Group, LLC
Source: Maine Listings,MLS#: 1588750
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Hot Water, Radiator
Cooling
- None
Features
- Flooring: Tile, Wood
- Basement: Doghouse,Interior Entry,Full,Unfinished
Interior area
- Total structure area: 2,918
- Total interior livable area: 2,918 sqft
- Finished area above ground: 2,918
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, 1 - 4 Spaces
Features
- Levels: Multi/Split
Lot
- Size: 4,791 Square Feet
- Features: City Lot, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Level, Open Lot, Sidewalks
Details
- Parcel number: SPORM014L100
- Zoning: Residential District
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Wood Frame, Shingle Siding
- Roof: Shingle
Condition
- Year built: 1905
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: South Portland
Financial & listing details
- Price per square foot: $250/sqft
- Tax assessed value: $695,700
- Annual tax amount: $7,858
- Date on market: 5/7/2024
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/14/2024 | Sold | $730,000+4.4%$250/sqft |
Source:  Maine Listings #1588750 Report a problem | ||
| 5/16/2024 | Pending sale | $699,000$240/sqft |
Source: Maine Listings #1588750 Report a problem | ||
| 5/7/2024 | Listed for sale | $699,000+31.9%$240/sqft |
Source: Maine Listings #1588750 Report a problem | ||
| 1/21/2020 | Sold | $530,000-7%$182/sqft |
Source: Maine Listings #1435024 Report a problem | ||
| 10/1/2019 | Listed for sale | $569,900$195/sqft |
Source: RE/MAX Shoreline #1435024 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $9,183 +16.9% | $695,700 +25.2% |
| 2023 | $7,858 +3% | $555,700 +13.4% |
| 2022 | $7,626 +12.4% | $490,100 +42.7% |
| 2020 | $6,784 +3.4% | $343,500 |
| 2019 | $6,561 +3.2% | $343,500 |
| 2018 | $6,355 +2.8% | $343,500 |
| 2017 | $6,183 +4.6% | $343,500 +2.8% |
| 2016 | $5,912 +1.7% | $334,000 |
| 2015 | $5,812 +1.8% | $334,000 |
| 2014 | $5,711 +2.4% | $334,000 |
| 2013 | $5,578 +1.2% | $334,000 |
| 2012 | $5,511 +2.5% | $334,000 |
| 2011 | $5,377 +6.9% | $334,000 -2.4% |
| 2009 | $5,030 -1.2% | $342,200 -5.9% |
| 2008 | $5,092 +6.9% | $363,700 |
| 2006 | $4,764 | $363,700 |
Find assessor info on the county website
Neighborhood: 04106
Nearby homes
- $--2 bd1 ba-- sqft178 Cottage Rd #2, South Portland, ME 04106Off Market
- $--2 bd1 ba900 sqft178 Cottage Rd #3, South Portland, ME 04106Off Market
- $--2 bd1 ba-- sqft178 Cottage Rd #1, South Portland, ME 04106Off Market
- $714,5003 bd2 ba2.2k sqft180 Cottage Rd, South Portland, ME 04106Off Market
- $717,3003 bd3 ba2.5k sqft48 N Richland St, South Portland, ME 04106Off Market
- $523,9003 bd1 ba1k sqft168 Cottage Rd, South Portland, ME 04106Off Market
- $551,8004 bd2 ba2.4k sqft6 Highland Ave, Portland, ME 04106Off Market
- $860,900-- bd-- ba3.1k sqft59 Walnut St, South Portland, ME 04106Off Market
Nearby schools
GreatSchools rating
- 8/10Frank I Brown Elementary SchoolGrades: K-4Distance: 0.1 mi
- 7/10Daniel F. Mahoney Middle SchoolGrades: 5-8Distance: 0.3 mi
- 6/10South Portland High SchoolGrades: 9-12Distance: 1.4 mi
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$854,700
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- Maine
- Cumberland County
- South Portland
- 04106
- 178 Cottage Road
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