Closed

$610,000

721 Washington Avenue, Portland, ME 04103

6beds

2,564sqft

Multi Family

Built in 1900

-- sqft lot

$707,000 Zestimate^®

$238/sqft

$2,165 Estimated rent

Home value

$707,000

$665,000 - $749,000

$2,165/mo

Zestimate^® history

Owner options

List your home for rent

$2,165/mo

Rent Zestimate^®

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$2,165/mo

Rent Zestimate^®

Refinance and save

$3,783/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

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$3,783/mo

Est. payment

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What's special

Downtown amenities

Discover an exceptional investment opportunity at 721 Washington Ave., Portland, Maine. This property features two spacious 3-bedroom units, totaling 2,564 sq ft of comfortable living space. With a solid rental history it offers both steady income and strong investment potential. Nestled close to Payson Park, Back Cove, and downtown amenities, this location is perfect for outdoor enthusiasts and those seeking convenience. The vacant first-floor unit is an enticing prospect for owner occupancy, providing a unique blend of investment and personal use. Commuting is effortless with quick access to rte 295, and dining options like Montes Fine Foods and Other Side Deli are nearby and Beals Ice Cream adds a sweet touch to warm summer days. Don't miss this chance to invest and potentially reside in a thriving community. Showings start Friday. Showing windows are Friday 12-2, Saturday 10-12 and Sunday 12-2.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 2
Full bathrooms: 2

Heating

Baseboard, Heat Pump, Stove

Cooling

Heat Pump

Features

Flooring: Tile, Wood
Basement: Interior Entry,Full,Unfinished

Interior area

Total structure area: 2,564
Total interior livable area: 2,564 sqft
Finished area above ground: 2,564
Finished area below ground: 0

Property

Parking

Parking features: Paved, 1 - 4 Spaces, Off Street

Lot

Size: 5,662 sqft
Features: Near Shopping, Near Turnpike/Interstate, Near Town, Corner Lot, Level, Sidewalks

Details

Additional structures: Shed(s)
Parcel number: PTLDM163ABC001001
Zoning: R5

Construction

Type & style

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

Materials

Wood Frame, Vinyl Siding
Foundation: Stone, Brick/Mortar
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: Portland

Other

Other facts

Road surface type: Paved

Price history

Date	Event	Price
9/29/2023	Sold	$610,000+6.1%$238/sqft
Source: Maine Listings #1569747 Report a problem
8/29/2023	Pending sale	$575,000$224/sqft
Source: Maine Listings #1569747 Report a problem
8/23/2023	Listed for sale	$575,000$224/sqft
Source: Maine Listings #1569747 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$6,169	$428,100
2023	$6,169 +5.9%	$428,100
2022	$5,826 +12%	$428,100 +91.9%
2020	$5,200	$223,100
2019	$5,200 +3.7%	$223,100
2018	$5,015 +3.8%	$223,100
2017	$4,830 +2.5%	$223,100
2016	$4,710 +2.3%	$223,100
2015	$4,603 +3.2%	$223,100
2014	$4,462 +3%	$223,100
2013	$4,330 +3.1%	$223,100
2012	$4,199 +3%	$223,100
2011	$4,078 +3%	$223,100
2009	$3,958	$223,100
2008	$3,958 +8.8%	$223,100
2006	$3,639	$223,100