Active

Price cut: $35K (7/22)

$480,000

526 Washington Avenue, Portland, ME 04103

5beds

1,866sqft

$3,064/mo

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Multi Family

Built in 1935

-- sqft lot

$-- Zestimate^®

$257/sqft

$-- HOA

What's special

Valuable off-street parking

Positioned on Portland's rapidly evolving Washington Avenue corridor, this mixed-use property offers a rare opportunity to own a 2-unit residential building with additional commercial space and valuable off-street parking just a stone's throw from the Roux Institute campus. Investors and owner-occupants alike will appreciate the flexibility of the layout, the strong visibility and accessibility of the location, and the long-term upside. With close proximity to downtown, Back Cove, restaurants, breweries, and I-295, this property is ideally situated to benefit from the continued growth and energy surrounding the East Deering and Bayside neighborhoods. Can be purchased as a package with the neighboring building, 522 Washington Ave.

92 days

1,784

72

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2
Full bathrooms: 2

Heating

Baseboard

Cooling

None

Features

Flooring: Wood
Basement: Doghouse,Full,Unfinished

Interior area

Total structure area: 1,866
Total interior livable area: 1,866 sqft
Finished area above ground: 1,866
Finished area below ground: 0

Property

Parking

Parking features: Paved, 1 - 4 Spaces

Features

Levels: Multi/Split

Lot

Size: 6,969 Square Feet
Features: Near Turnpike/Interstate, Near Town, Level, Sidewalks

Details

Parcel number: PTLDM429BJ002001
Zoning: B-2B

Construction

Type & style

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

Materials

Wood Frame, Vinyl Siding
Roof: Flat,Shingle

Condition

Year built: 1935

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Portland

Financial & listing details

Price per square foot: $257/sqft
Tax assessed value: $317,800
Annual tax amount: $5,228
Date on market: 5/18/2026
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

$2,369/mo

Price history

Date	Event	Price
7/22/2026	Price change	$480,000-6.8%$257/sqft
Source: Maine Listings #1662685 Report a problem
6/18/2026	Price change	$515,000-4.6%$276/sqft
Source: Maine Listings #1662685 Report a problem
5/18/2026	Listed for sale	$540,000$289/sqft
Source: Maine Listings #1662685 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$4,579	$317,800
2023	$4,579 +5.9%	$317,800
2022	$4,325 -3.1%	$317,800 +66%
2020	$4,464	$191,500
2019	$4,464 +3.7%	$191,500
2018	$4,305 +3.8%	$191,500
2017	$4,146 +1.9%	$191,500 -0.6%
2016	$4,068 +3.3%	$192,700 +0.9%
2015	$3,938 +3.1%	$190,900
2014	$3,818 +3%	$190,900
2013	$3,705 +3.1%	$190,900
2012	$3,593 +3%	$190,900
2011	$3,490	$190,900