Active under contract

$399,000

33 Prospect Street, Portland, ME 04103

4beds

1,681sqft

$2,842/mo

Get pre-qualified

Multi Family

Built in 1883

-- sqft lot

$394,200 Zestimate^®

$237/sqft

$-- HOA

What's special

Attention contractors and investors--this two-unit property offers a prime opportunity to bring new life to a solid structure. While the home has experienced a period of neglect and requires significant renovation, the underlying bones are worth the effort. The front unit features a fireplace, adding character and future appeal once restored. Ideally located with convenient access to shopping, major roadways, and just minutes to downtown Portland, as well as UNE on Stevens Ave and USM on Forest Ave, this property sits in a highly desirable and accessible area. Positioned adjacent to railroad tracks, the setting may appeal to buyers seeking value and upside potential. Property is being sold as-is and is subject to short sale approval. Seller has no funds available for repairs or to contribute toward buyer closing costs or other concessions. Bring your vision and unlock the possibilities--this is a project with strong investment potential in a sought-after location.

159 days
88
4

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4
Full bathrooms: 2
1/2 bathrooms: 2

Heating

Direct Vent Heater, Radiant

Cooling

None

Features

Flooring: Carpet, Ceramic Tile, Linoleum
Basement: Interior Entry,Full,Unfinished
Number of fireplaces: 1

Interior area

Total structure area: 1,681
Total interior livable area: 1,681 sqft
Finished area above ground: 1,681
Finished area below ground: 0

Property

Parking

Parking features: Paved, 1 - 4 Spaces

Features

Stories: 2

Lot

Size: 6,534 Square Feet
Features: Near Railroad, Other, Sidewalks

Details

Parcel number: PTLDM124BF007001
Zoning: RN-3

Construction

Type & style

Home type: MultiFamily
Architectural style: New Englander
Property subtype: Multi Family

Materials

Wood Frame, Shingle Siding
Foundation: Poured Concrete, Brick/Mortar
Roof: Shingle

Condition

Year built: 1883

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Portland

Financial & listing details

Price per square foot: $237/sqft
Tax assessed value: $452,400
Annual tax amount: $4,968
Date on market: 4/28/2026
Road surface type: Paved

Estimated market value

$394,200

$374,000 - $414,000

$2,807/mo

Price history

Date	Event	Price
5/11/2026	Contingent	$399,000$237/sqft
Source: Maine Listings #1659527 Report a problem
4/28/2026	Listed for sale	$399,000$237/sqft
Source: Maine Listings #1659527 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$6,519	$452,400
2023	$6,519 +5.9%	$452,400
2022	$6,157 +10%	$452,400 +88.4%
2020	$5,597	$240,100
2019	$5,597 +3.7%	$240,100
2018	$5,397 +3.8%	$240,100
2017	$5,198 +2.5%	$240,100
2016	$5,069 +2.3%	$240,100
2015	$4,953 +3.1%	$240,100
2014	$4,802 +3%	$240,100
2013	$4,660 +15.7%	$240,100 +12.2%
2012	$4,026 +16.6%	$213,900 +13.2%
2011	$3,453 -20.4%	$188,900 -22.7%
2009	$4,337	$244,500
2008	$4,337 +8.8%	$244,500
2006	$3,988	$244,500