Great Owner-Occupied Opportunity with substantial upside for future income and increased profitability.**Seller Subsidized Mortgage Rate - up to $25K for a rate buydown for the first 2 years or closing costs for qualified buyers.** The multi-unit property consists of three 1 Bedroom 1 Bath units. Just minutes to local hospitals, parks and recreation, Seadogs and great restaurants. Super opportunity to homestead in fabulous Portland. Very well maintained property with abundant parking to the rear plus on-site laundry. Updates include newer siding and windows and more recently new natural gas-fired FHW boiler, roof shingles, electrical panels, basement spray foam, additional drainage with sump pump. Three units: 1st floor offers a studio-style unit with hardwoods and an additional unit with hardwood floors and open plan Living Room, Kitchen + Bedroom. Spacious second-floor larger unit with gorgeous wide pine boards with Living Room, Galley Kitchen and, bedroom. Hardwoods + full basement w/communal laundry facilities. Two private rear decks. Don't miss - broker accompanies showings. Notice required. Tenants in all properties.
Closed
$453,000
368 Park Avenue, Portland, ME 04102
3beds
1,149sqft
Multi Family
Built in 1910
-- sqft lot
$538,300 Zestimate®
$394/sqft
$2,762 Estimated rent
Home value
$538,300
$506,000 - $576,000
$2,762/mo
Zestimate® history
Owner options
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Zillow last checked:
Listing updated:
Listed by:
Keller Williams Realty 207-553-2662
Bought with:
Portside Real Estate Group
Source: Maine Listings,MLS#: 1594071
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Direct Vent Furnace, Hot Water, Zoned
Cooling
- Wall/Window Unit(s), None
Features
- 1st Floor Bedroom, One-Floor Living, Shower, Storage
- Flooring: Carpet, Laminate, Tile, Wood
- Basement: Bulkhead,Exterior Entry,Full,Sump Pump,Unfinished,Brick/Mortar
- Has fireplace: No
Interior area
- Total structure area: 1,149
- Total interior livable area: 1,149 sqft
- Finished area above ground: 1,149
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, 1 - 4 Spaces, On Site, Assigned
Features
- Stories: 2
- Patio & porch: Deck
Lot
- Size: 5,662 sqft
- Features: City Lot, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Neighborhood, Near Railroad, Level, Open Lot, Sidewalks, Landscaped
Details
- Parcel number: PTLDM067BC004001
- Zoning: R6-Residential
- Other equipment: Cable, Internet Access Available
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Cape Cod,Other
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Stone, Brick/Mortar
- Roof: Shingle
Condition
- Year built: 1910
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & neighborhood
Location
- Region: Portland
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/17/2024 | Sold | $453,000-1.3%$394/sqft |
Source:  Maine Listings #1594071 Report a problem | ||
| 7/19/2024 | Pending sale | $459,000$399/sqft |
Source: Maine Listings #1594071 Report a problem | ||
| 7/3/2024 | Price change | $459,000-8%$399/sqft |
Source: Maine Listings #1594071 Report a problem | ||
| 6/20/2024 | Listed for sale | $499,000$434/sqft |
Source: Maine Listings #1594071 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,934 | $342,400 |
| 2023 | $4,934 +5.9% | $342,400 |
| 2022 | $4,660 +21.1% | $342,400 +107.4% |
| 2020 | $3,848 | $165,100 |
| 2019 | $3,848 +3.7% | $165,100 |
| 2018 | $3,711 +3.8% | $165,100 |
| 2017 | $3,574 +2.6% | $165,100 |
| 2016 | $3,485 +2.3% | $165,100 |
| 2015 | $3,406 +3.1% | $165,100 |
| 2014 | $3,302 +3% | $165,100 |
| 2013 | $3,205 +3.2% | $165,100 |
| 2012 | $3,107 +2.9% | $165,100 |
| 2011 | $3,018 +3% | $165,100 |
| 2009 | $2,929 | $165,100 |
| 2008 | $2,929 +8.8% | $165,100 |
| 2006 | $2,693 | $165,100 |
Find assessor info on the county website
Neighborhood: Libbytown
Nearby schools
GreatSchools rating
- 3/10Howard C Reiche Community SchoolGrades: PK-5Distance: 0.9 mi
- 2/10King Middle SchoolGrades: 6-8Distance: 0.4 mi
- 4/10Portland High SchoolGrades: 9-12Distance: 1.2 mi
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- Maine
- Cumberland County
- Portland
- 04102
- Libbytown
- 368 Park Avenue
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