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
Active
$1,580,000
272 State Street, Portland, ME 04101
7beds
4,454sqft
Multi Family
Built in 1894
-- sqft lot
$1,542,300 Zestimate®
$355/sqft
$-- HOA
What's special
Solid brick constructionSeven spacious apartmentsKeyless entry systemsFour off-street parking spaces
- 16 days |
- 965 |
- 32 |
Zillow last checked:
Listing updated:
Listed by:
RE/MAX Shoreline
Source: Maine Listings,MLS#: 1666398
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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
- Utilities for property: Utilities On
Green energy
- Energy efficient items: Water Heater, Thermostat
Community & HOA
Location
- Region: Portland
Financial & listing details
- Price per square foot: $355/sqft
- Annual tax amount: $15,255
- Date on market: 6/10/2026
- Road surface type: Paved
Estimated market value
$1,542,300
$1.47M - $1.62M
$3,078/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/10/2026 | Listed for sale | $1,580,000+21.5%$355/sqft |
Source: | ||
| 1/18/2024 | Sold | $1,300,000-13.3%$292/sqft |
Source: | ||
| 1/18/2024 | Pending sale | $1,500,000$337/sqft |
Source: | ||
| 12/15/2023 | Contingent | $1,500,000$337/sqft |
Source: | ||
| 12/1/2023 | Listed for sale | $1,500,000$337/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Parkside
Nearby schools
GreatSchools rating
- 3/10Howard C Reiche Community SchoolGrades: PK-5Distance: 0.4 mi
- 2/10King Middle SchoolGrades: 6-8Distance: 0.3 mi
- 4/10Portland High SchoolGrades: 9-12Distance: 0.5 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Maine
- Cumberland County
- Portland
- 04101
- Parkside
- 272 State Street







