Welcome to this multi-unit opportunity in the town of Portland. Featuring 2 brightly lit units each offering a kitchen, dining room, living room, 3 bedrooms and 1 full bath. Upstairs in the second unit you will find an additional office room that can be used as a bedroom providing ample space for guests or a home office. 581 Washington Ave is set on .11 acres with a sun filled back yard, and offers additional storage space for each unit. Located minutes from the excitement of Down Town Portland and I-295 this location offers convenient living or investment opportunities for those seeking rental income.
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Street View
$575,000
581 Washington Avenue, Portland, ME 04103
6beds
2,550sqft
Multi Family
Built in 1900
-- sqft lot
$592,900 Zestimate®
$225/sqft
$2,385 Estimated rent
Home value
$592,900
$545,000 - $646,000
$2,385/mo
Zestimate® history
Owner options
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$2,385/mo
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$2,900/mo
Est. payment
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$2,900/mo
Est. payment
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List your homeWhat's special
Office roomDining roomBrightly lit units
Zillow last checked:
Listing updated:
Listed by:
RE/MAX By The Bay
Bought with:
Reilly Real Estate
Source: Maine Listings,MLS#: 1615809
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Hot Water
Cooling
- None
Features
- Shower, Storage
- Flooring: Tile, Wood
- Basement: Interior Entry,Full,Sump Pump,Unfinished
Interior area
- Total structure area: 2,550
- Total interior livable area: 2,550 sqft
- Finished area above ground: 2,550
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, 1 - 4 Spaces, 5 - 10 Spaces, On Site, On Street
- Has uncovered spaces: Yes
Features
- Levels: Multi/Split
Lot
- Size: 4,791 Square Feet
- Features: Business District, City Lot, Near Shopping, Near Turnpike/Interstate, Near Town, Sidewalks, Landscaped
Details
- Parcel number: PTLDM428BB017001
- Zoning: R5
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- 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
Community & HOA
Location
- Region: Portland
Financial & listing details
- Price per square foot: $225/sqft
- Tax assessed value: $412,500
- Annual tax amount: $5,853
- Date on market: 3/10/2025
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/25/2025 | Sold | $575,000$225/sqft |
Source:  Maine Listings #1615809 Report a problem | ||
| 4/4/2025 | Pending sale | $575,000$225/sqft |
Source: Maine Listings #1615809 Report a problem | ||
| 3/14/2025 | Contingent | $575,000$225/sqft |
Source: Maine Listings #1615809 Report a problem | ||
| 3/10/2025 | Listed for sale | $575,000$225/sqft |
Source: Maine Listings #1615809 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,944 | $412,500 |
| 2023 | $5,944 +5.9% | $412,500 |
| 2022 | $5,614 -0.4% | $412,500 +70.7% |
| 2020 | $5,634 | $241,700 |
| 2019 | $5,634 +3.7% | $241,700 |
| 2018 | $5,433 +3.8% | $241,700 |
| 2017 | $5,233 +2.6% | $241,700 |
| 2016 | $5,102 +2.3% | $241,700 |
| 2015 | $4,986 +3.1% | $241,700 |
| 2014 | $4,834 +3% | $241,700 |
| 2013 | $4,691 +3.1% | $241,700 |
| 2012 | $4,549 +7.4% | $241,700 +4.3% |
| 2011 | $4,235 -1.2% | $231,700 -4.1% |
| 2009 | $4,288 | $241,700 |
| 2008 | $4,288 +8.8% | $241,700 |
| 2006 | $3,942 | $241,700 |
Find assessor info on the county website
Neighborhood: East Deering
Nearby homes
- $923,200-- bd-- ba4.1k sqft583 Washington Ave, Portland, ME 04103Off Market
- $--3 bd1 ba1.5k sqft583 Washington Ave #1, Portland, ME 04103Off Market
- $--3 bd1 ba1.5k sqft583-585 Washington Ave #1, Portland, ME 04103Off Market
- $--3 bd1 ba1.5k sqft583 Washington Ave #3, Portland, ME 04103Off Market
- $3,0003 bd1 ba1.5k sqft583 Washington Ave #2, Portland, ME 04103For Rent
- $--2 bd1 ba-- sqft578 Washington Ave APT 1, Portland, ME 04103Off Market
- $---- bd-- ba-- sqft577 Washington Ave, Portland, ME 04103Off Market
- $433,6003 bd1 ba1.2k sqft589 Washington Ave, Portland, ME 04103Off Market
Nearby schools
GreatSchools rating
- 5/10Presumpscot SchoolGrades: PK-5Distance: 0.1 mi
- 4/10Lyman Moore Middle SchoolGrades: 6-8Distance: 2.2 mi
- 4/10Portland High SchoolGrades: 9-12Distance: 1.6 mi
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$592,900
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- Maine
- Cumberland County
- Portland
- 04103
- East Deering
- 581 Washington Avenue
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