This classic brick 4-unit building offers timeless charm and unbeatable location in one of Portland's most vibrant downtown neighborhoods. Featuring four well-maintained 1-bedroom, 1-bath apartments, this property is ideal for both investors and owner-occupants seeking strong rental potential. Each unit showcases original architectural details including elegant moldings, vintage fireplaces, and hardwood flooring, adding warmth and character throughout. The third-floor unit enjoys exclusive access to a private roof deck—perfect for relaxing or entertaining with city views. Additional amenities include coin-operated laundry in the basement for tenant convenience and a low-maintenance brick exterior. Just steps from restaurants, shops, the arts district, and all downtown Portland amenities, this is a rare opportunity to own a piece of the city with steady income and long-term upside. Don't miss your chance to invest in one of Portland's most desirable urban locations!
Closed
$835,000
450 Cumberland Avenue, Portland, ME 04101
4beds
3,136sqft
Multi Family
Built in 1900
-- sqft lot
$1,063,100 Zestimate®
$266/sqft
$3,092 Estimated rent
Home value
$1,063,100
$936,000 - $1.21M
$3,092/mo
Zestimate® history
Owner options
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$3,092/mo
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$3,092/mo
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$4,212/mo
Est. payment
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$4,212/mo
Est. payment
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List your homeWhat's special
Low-maintenance brick exteriorPrivate roof deckHardwood flooringOriginal architectural detailsElegant moldingsVintage fireplaces
Zillow last checked:
Listing updated:
Listed by:
Keller Williams Realty 207-553-2400
Bought with:
Signature Homes Real Estate Group, LLC
Source: Maine Listings,MLS#: 1623551
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Hot Water
Cooling
- None
Appliances
- Laundry: Laundry - Coin
Features
- Bathtub, Shower
- Flooring: Carpet, Tile, Vinyl, Wood
- Basement: Interior Entry,Walk-Out Access,Finished,Brick/Mortar
- Number of fireplaces: 2
Interior area
- Total structure area: 3,136
- Total interior livable area: 3,136 sqft
- Finished area above ground: 3,136
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, 1 - 4 Spaces, Off Street
Features
- Levels: Multi/Split
- Stories: 3
Lot
- Size: 2,613 sqft
- Features: City Lot, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Level, Sidewalks
Details
- Parcel number: PTLDM046BB003001
- Zoning: Res
- Other equipment: Internet Access Available
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Victorian
- Property subtype: Multi Family
Materials
- Masonry, Brick
- Foundation: Stone, Brick/Mortar
- Roof: Fiberglass,Membrane,Slate
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On, Pole
Community & neighborhood
Location
- Region: Portland
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2025 | Pending sale | $850,000+1.8%$271/sqft |
Source:  Maine Listings #1623551 Report a problem | ||
| 8/1/2025 | Sold | $835,000-1.8%$266/sqft |
Source: Maine Listings #1623551 Report a problem | ||
| 6/11/2025 | Contingent | $850,000$271/sqft |
Source: Maine Listings #1623551 Report a problem | ||
| 5/21/2025 | Listed for sale | $850,000-10.5%$271/sqft |
Source: Maine Listings #1623551 Report a problem | ||
| 9/13/2024 | Listing removed | $950,000$303/sqft |
Source: Maine Listings #1596662 Report a problem | ||
| 7/12/2024 | Listed for sale | $950,000-3.1%$303/sqft |
Source: Maine Listings #1596662 Report a problem | ||
| 12/21/2023 | Listing removed | -- |
Source: Maine Listings #1569675 Report a problem | ||
| 8/23/2023 | Listed for sale | $980,000$313/sqft |
Source: Maine Listings #1569675 Report a problem | ||
| 9/26/2019 | Listing removed | $1,595$1/sqft |
Source: Apartment Locator/Johnson Realty Report a problem | ||
| 9/17/2019 | Listed for rent | $1,595$1/sqft |
Source: Apartment Locator/Johnson Realty Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $12,761 | $885,600 |
| 2023 | $12,761 +5.9% | $885,600 |
| 2022 | $12,053 +37.5% | $885,600 +135.5% |
| 2020 | $8,765 | $376,000 |
| 2019 | $8,765 +3.7% | $376,000 |
| 2018 | $8,452 +3.8% | $376,000 |
| 2017 | $8,140 +2.6% | $376,000 |
| 2016 | $7,937 +2.3% | $376,000 |
| 2015 | $7,757 +3.2% | $376,000 |
| 2014 | $7,520 +3% | $376,000 |
| 2013 | $7,298 +3.1% | $376,000 |
| 2012 | $7,076 +3% | $376,000 |
| 2011 | $6,873 +3% | $376,000 |
| 2009 | $6,670 +4.6% | $376,000 +4.6% |
| 2008 | $6,379 +8.8% | $359,600 |
| 2006 | $5,865 | $359,600 |
Find assessor info on the county website
Neighborhood: Parkside
Nearby schools
GreatSchools rating
- 3/10Howard C Reiche Community SchoolGrades: PK-5Distance: 0.4 mi
- 2/10King Middle SchoolGrades: 6-8Distance: 0.4 mi
- 4/10Portland High SchoolGrades: 9-12Distance: 0.5 mi
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$1,063,100
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$1,084,362
- Maine
- Cumberland County
- Portland
- 04101
- Parkside
- 450 Cumberland Avenue
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