Closed

$685,000

4 Palmer Street, South Portland, ME 04106

7beds

2,674sqft

Multi Family

Built in 1900

-- sqft lot

$825,000 Zestimate^®

$256/sqft

$2,561 Estimated rent

Home value

$825,000

$743,000 - $916,000

$2,561/mo

Zestimate^® history

Owner options

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$2,561/mo

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$2,561/mo

Rent Zestimate^®

Refinance and save

$3,455/mo

Est. payment

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$3,455/mo

Est. payment

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What's special

3 Unit building with partial water views of Portland Harbor. The property is nestled in a quiet neighborhood off Broadway and the walking path. The big ticket items have been taken care of over the past few years; roof, siding, windows, boiler, etc. The interior will need remodeling to bring in market rate rentals. Current rents are below market.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 3
Full bathrooms: 3

Heating

Baseboard, Hot Water, Space Heater

Cooling

None

Features

Flooring: Carpet, Laminate, Wood
Basement: Interior Entry,Full

Interior area

Total structure area: 2,674
Total interior livable area: 2,674 sqft
Finished area above ground: 2,674
Finished area below ground: 0

Property

Parking

Parking features: Gravel, 1 - 4 Spaces, On Street
Has uncovered spaces: Yes

Features

Patio & porch: Deck
Body of water: Portland Harbor

Lot

Size: 4,791 sqft
Features: Near Shopping, Corner Lot

Details

Parcel number: SPORM017L031
Zoning: Res

Construction

Type & style

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

Materials

Wood Frame, Vinyl Siding
Roof: Shingle

Condition

Year built: 1900

Utilities & green energy

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

Community & neighborhood

Location

Region: South Portland

Price history

Date	Event	Price
9/18/2023	Sold	$685,000+0.7%$256/sqft
Source: Maine Listings #1566488 Report a problem
8/15/2023	Pending sale	$680,000$254/sqft
Source: Maine Listings #1566488 Report a problem
8/8/2023	Listed for sale	$680,000$254/sqft
Source: Maine Listings #1566488 Report a problem
8/2/2023	Pending sale	$680,000$254/sqft
Source: Maine Listings #1566488 Report a problem
7/31/2023	Contingent	$680,000$254/sqft
Source: Maine Listings #1566488 Report a problem
7/25/2023	Listed for sale	$680,000$254/sqft
Source: Maine Listings #1566488 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$7,913 +16.7%	$599,500 +25%
2023	$6,780 +3.9%	$479,500 +14.4%
2022	$6,523 +15%	$419,200 +45.9%
2020	$5,674 +3.4%	$287,300
2019	$5,487 +10%	$287,300 +6.6%
2018	$4,986 +2.8%	$269,500
2017	$4,851 +1.7%	$269,500
2016	$4,770 +1.7%	$269,500
2015	$4,689 +1.8%	$269,500
2014	$4,608 +2.4%	$269,500
2013	$4,501 +1.2%	$269,500
2012	$4,447 +2.5%	$269,500
2011	$4,339 +6.1%	$269,500 -3.1%
2009	$4,088 -4.7%	$278,100 -9.2%
2008	$4,288 +11.8%	$306,300 +4.6%
2006	$3,837	$292,900