Pending

$1,200,000

481 Cumberland Avenue, Portland, ME 04101

5beds

4,086sqft

$7,980/mo

Get pre-qualified

Multi Family

Built in 1866

-- sqft lot

$1,164,800 Zestimate^®

$294/sqft

$-- HOA

What's special

Private parking lotHardwood floorsTwo floorsLofty ceilingsAuthentic historic detailsIn-unit laundry

Welcome to 481 Cumberland: a brick 4-unit with its own private parking lot and move-in ready units, an increasingly hard-to-find combination in Portland. The largest unit is two floors with 2 bedrooms and a den, 1.5 baths, and in-unit laundry. The other three units are trendy 1 bds with lofty ceilings, hardwood floors and authentic historic details. Two of the units have been used as Short Term Rentals, generating significant income for the owners. This property will be delivered vacant, creating maximum flexibility and upside to the buyer. Owner occupants are not rent restricted by Portland's Rent Control - so the buyer can live in one unit and rent the other three at market rate.

58 days
232
12

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 5
Full bathrooms: 4

Heating

Zoned, Radiator, Steam

Cooling

None

Features

Flooring: Tile, Wood
Basement: Doghouse,Interior Entry,Full,Unfinished,Brick/Mortar

Interior area

Total structure area: 4,086
Total interior livable area: 4,086 sqft
Finished area above ground: 4,086
Finished area below ground: 0

Property

Parking

Parking features: Gravel, 5 - 10 Spaces, On Site, Off Street

Lot

Size: 4,791 Square Feet
Features: City Lot, Level, Open Lot, Sidewalks

Details

Parcel number: PTLDM048BF025001
Zoning: RN-4

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Multi Family

Materials

Masonry, Brick
Roof: Shingle

Condition

Year built: 1866

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Portland

Financial & listing details

Price per square foot: $294/sqft
Tax assessed value: $987,100
Annual tax amount: $14,292
Date on market: 8/13/2026
Road surface type: Paved

Estimated market value

$1,164,800

$1.11M - $1.22M

Not available

Price history

Date	Event	Price
9/2/2026	Pending sale	$1,200,000$294/sqft
Source: Maine Listings #1676051 Report a problem
8/13/2026	Listed for sale	$1,200,000+65.5%$294/sqft
Source: Maine Listings #1676051 Report a problem
4/26/2019	Sold	$725,000$177/sqft
Source: Maine Listings #1405290 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$14,224	$987,100
2023	$14,224 +5.9%	$987,100
2022	$13,434 +25%	$987,100 +114.1%
2020	$10,748	$461,100
2019	$10,748 +3.7%	$461,100
2018	$10,366 +3.8%	$461,100
2017	$9,983 +2.6%	$461,100
2016	$9,734 +2.3%	$461,100
2015	$9,512 +3.1%	$461,100
2014	$9,222 +3%	$461,100
2013	$8,950 +3.1%	$461,100
2012	$8,678 +3%	$461,100
2011	$8,429 +3%	$461,100
2009	$8,180	$461,100
2008	$8,180 +17%	$461,100 +7.6%
2006	$6,992	$428,700