Closed

$990,000

379 Cumberland Avenue #3, Portland, ME 04101

4beds

2,576sqft

Multi Family

Built in 1915

-- sqft lot

$1,015,300 Zestimate^®

$384/sqft

$2,878 Estimated rent

Home value

$1,015,300

$944,000 - $1.10M

$2,878/mo

Zestimate^® history

Owner options

List your home for rent

$2,878/mo

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$2,878/mo

Rent Zestimate^®

Refinance and save

$4,994/mo

Est. payment

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$4,994/mo

Est. payment

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What's special

Freshly painted exterior

Freshly painted exterior and full of charm, the Gilbert L. Bailey House offers a rare investment opportunity in the heart of Portland. Just a short walk to the Arts District, top restaurants, and entertainment, this property combines historic character with a prime location. Owner will consider selling 381 Cumberland Ave, a 12-spot parking lot, with the purchase of 379 Cumberland Ave. Per initial conversations with city officials, the lot may offer buildable potential. Buyer and agent to verify all information and conduct their own due diligence with the City of Portland regarding zoning, development, and permitted uses.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 3

Heating

Direct Vent Heater, Forced Air

Cooling

None

Features

Flooring: Tile, Wood
Basement: Exterior Entry

Interior area

Total structure area: 2,576
Total interior livable area: 2,576 sqft
Finished area above ground: 2,576
Finished area below ground: 0

Property

Features

Stories: 2
Patio & porch: Deck, Patio, Porch

Lot

Size: 3,484 Square Feet
Features: Business District

Details

Zoning: B-3

Construction

Type & style

Home type: MultiFamily
Architectural style: Greek Revival,Mansard
Property subtype: Multi Family

Materials

Roof: Pitched,Shingle

Condition

Year built: 1915

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: Utilities On

Community & HOA

Community

Subdivision: Bayside

Location

Region: Portland

Financial & listing details

Price per square foot: $384/sqft
Annual tax amount: $8,934
Date on market: 9/10/2025

Price history

Date	Event	Price
1/27/2026	Pending sale	$915,000-7.6%$355/sqft
Source: Maine Listings #1637198 Report a problem
1/26/2026	Sold	$990,000+8.2%$384/sqft
Source: Maine Listings #1637198 Report a problem
12/20/2025	Contingent	$915,000$355/sqft
Source: Maine Listings #1637198 Report a problem
9/10/2025	Listed for sale	$915,000$355/sqft
Source: Maine Listings #1637198 Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
3/5/2019	Listing removed	$1,350$1/sqft
Source: Owner Report a problem
3/1/2019	Listed for rent	$1,350$1/sqft
Source: Owner Report a problem