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  • $1,580,000

    272 State Street, Portland, ME 04101

    7beds
    4,454sqft
    : 
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    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
    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
    16 days
    |
    965
    |
    32
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    RE/MAX Shoreline

    Source: Maine Listings,MLS#: 1666398MLS Logo

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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

        DateEventPrice
        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.

        Monthly payment

        Est. payment

          Payment breakdown

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          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

          Getting around

          91 / 100
          Walker's Paradise
          52 / 100
          Good Transit
          84 / 100
          Very Bikeable

          Nearby schools

          GreatSchools rating

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