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  • $1,483,500

    272 State Street, Portland, ME 04101

    7beds
    4,454sqft
    Multi Family
    Built in 1894
    -- sqft lot
    $1,472,500 Zestimate®
    $333/sqft
    $3,231 Estimated rent

    Home value

    $1,472,500

    $1.35M - $1.59M

    $3,231/mo

    Zestimate® history
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    $3,231/mo

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    $3,231/mo

    Rent Zestimate®

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    $9,627/mo

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    $9,627/mo

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    What's special

    Solid brick constructionSeven spacious apartmentsKeyless entry systemsFour off-street parking spaces
    Originally constructed in 1894 and recognized by Greater Portland Landmarks as the John Howard Hill House, this well-maintained seven-unit brick investment property combines historic character with modern updates in a prime Portland location near Maine Medical Center, the University of Southern Maine, and downtown Portland. This property offers seven spacious apartments, including one efficiency unit, with strong rental appeal and long-term upside. Recent improvements include two new toilets, four new bathroom vanities, a new sink, a new refrigerator, and a new stove. All units feature keyless entry systems, providing added convenience for tenants and streamlined management for ownership. Solid brick construction contributes to low-maintenance ownership, while the property's desirable location continues to attract tenants seeking proximity to major employers, educational institutions, and Portland's restaurants, shops, and amenities. The property also includes four off-street parking spaces, generating an additional $4,800 in annual income. An opportunity to acquire a historic multifamily asset with strong fundamentals, additional income potential, and a proven location in one of Portland's most established rental corridors

    Zillow last checked:

    Listing updated:

    Listed by:

    RE/MAX Shoreline

    Bought with:

    EXP Realty

    Source: Maine Listings,MLS#: 1666398MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 7
    • Full bathrooms: 7
    Heating
    • Baseboard, Hot Water
    Cooling
    • None
    Features
    • Flooring: Tile, Wood
    • Basement: Bulkhead,Full
    Interior area
    • Total structure area: 4,454
    • Total interior livable area: 4,454 sqft
    • Finished area above ground: 4,454
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Common, Gravel, Paved, 5 - 10 Spaces
    Lot
    • Size: 5,227 Square Feet
    • Features: Historic District, City Lot, Near Shopping, Near Turnpike/Interstate, Neighborhood, Level, Sidewalks
    Details
    • Zoning: R6

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other,Victorian
    • Property subtype: Multi Family
    Materials
    • Masonry, Brick
    • Foundation: Brick/Mortar
    • Roof: Pitched,Slate
    Condition
    • Year built: 1894

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    Green energy
    • Energy efficient items: Water Heater, Thermostat

    Community & HOA

    Location
    • Region: Portland

    Financial & listing details

    • Price per square foot: $333/sqft
    • Annual tax amount: $15,255
    • Date on market: 6/10/2026
    • Road surface type: Paved

    Price history

    DateEventPrice
    9/1/2026Pending sale$1,580,000+6.5%$355/sqft
    Source: Maine Listings #1666398 Report a problem
    8/31/2026Sold$1,483,500-6.1%$333/sqft
    Source: Maine Listings #1666398 Report a problem
    7/13/2026Contingent$1,580,000$355/sqft
    Source: Maine Listings #1666398 Report a problem
    6/10/2026Listed for sale$1,580,000+21.5%$355/sqft
    Source: Maine Listings #1666398 Report a problem
    1/18/2024Sold$1,300,000-13.3%$292/sqft
    Source: Maine Listings #1578491 Report a problem
    1/18/2024Pending sale$1,500,000$337/sqft
    Source: Maine Listings #1578491 Report a problem
    12/15/2023Contingent$1,500,000$337/sqft
    Source: Maine Listings #1578491 Report a problem
    12/1/2023Listed for sale$1,500,000$337/sqft
    Source: Maine Listings #1578491 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Parkside

    Nearby schools

    GreatSchools rating
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $1,472,500
    2% more
    +$29,450
    With Zillow Showcase(estimated)

    $1,501,950

    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $1,472,500
    2% more
    +$29,450
    With Zillow Showcase(estimated)

    $1,501,950