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  • $849,000

    850 Washington Avenue, Portland, ME 04103

    4beds
    2,184sqft
    : 
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    Multi Family
    Built in 1864
    -- sqft lot
    $827,500 Zestimate®
    $389/sqft
    $-- HOA

    What's special

    Opportunity, flexibility, and location come together at 850 Washington Avenue, a beautifully renovated two-unit property in one of Portland's most exciting growth corridors. Situated on over half an acre, this turnkey investment features two spacious 2-bedroom units, a detached 2-car garage, abundant off-street parking, and an expansive backyard, an increasingly rare find within the city. Both units have been thoughtfully updated with timeless finishes including white cabinetry, granite countertops, updated appliances, stylish bathrooms, and in-unit laundry. Separate gas and electric meters, along with newer boilers, make ownership and management simple and efficient. Whether you're an investor seeking a strong addition to your portfolio, an owner-occupant looking to offset your mortgage with rental income, or a parent searching for housing near Portland's rapidly growing educational and innovation district, this property offers exceptional versatility. Located just minutes from Downtown Portland, Back Cove, Payson Park, Tipo, Monte's Fine Foods, and countless local amenities, the property also benefits from its proximity to the Roux Institute and the transformative investment occurring throughout the surrounding neighborhood. As Portland continues to emerge as a hub for technology, research, education, and entrepreneurship, demand for housing in this area is expected to remain strong. Live in one unit and rent the other. Add a turnkey asset to your investment portfolio. Secure housing for a student, researcher, or professional while building equity in one of Portland's most desirable markets. With updated interiors, strong rental appeal, a large lot, garage parking, and an unbeatable location, 850 Washington Avenue presents an opportunity that is becoming increasingly difficult to find in Portland. A smart investment today--and an exciting opportunity for tomorrow! GROUP SHOWINGS TUES/THURS 1-2 PM
    28 days
    |
    795
    |
    51
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Keller Williams Realty

    Source: Maine Listings,MLS#: 1665928MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Hot Water, Radiator
      Cooling
      • None
      Features
      • Flooring: Tile, Wood
      • Basement: Bulkhead,Interior Entry,Full,Unfinished
      Interior area
      • Total structure area: 2,184
      • Total interior livable area: 2,184 sqft
      • Finished area above ground: 2,184
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Paved, 1 - 4 Spaces, Detached
      • Garage spaces: 2
      Features
      • Patio & porch: Deck, Porch
      Lot
      • Size: 0.53 Acres
      • Features: Near Town, Level, Open Lot, Sidewalks
      Details
      • Parcel number: PTLDM170BB018001
      • Zoning: RN-3

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: New Englander
      • Property subtype: Multi Family
      Materials
      • Wood Frame, Shingle Siding, Wood Siding
      • Foundation: Block, Poured Concrete, Brick/Mortar
      • Roof: Shingle
      Condition
      • Year built: 1864

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Utilities On

      Community & HOA

      Location
      • Region: Portland

      Financial & listing details

      • Price per square foot: $389/sqft
      • Tax assessed value: $478,800
      • Annual tax amount: $8,223
      • Date on market: 6/9/2026
      • Road surface type: Paved

        Estimated market value

        $827,500

        $786,000 - $869,000

        $2,401/mo

        Price history

        DateEventPrice
        6/9/2026Listed for sale$849,000+13.2%$389/sqft
        Source: Maine Listings #1665928 Report a problem
        9/29/2023Sold$750,000$343/sqft
        Source: Maine Listings #1566838 Report a problem
        9/12/2023Pending sale$750,000$343/sqft
        Source: Maine Listings #1566838 Report a problem
        8/11/2023Contingent$750,000$343/sqft
        Source: Maine Listings #1566838 Report a problem
        7/27/2023Listed for sale$750,000$343/sqft
        Source: Maine Listings #1566838 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$6,900 $478,800
        2023$6,900 +5.9%$478,800
        2022$6,516 +16.3%$478,800 +99.3%
        2020$5,601 $240,300
        2019$5,601 +3.7%$240,300
        2018$5,402 +3.8%$240,300
        2017$5,202 +2.5%$240,300
        2016$5,073 +2.3%$240,300
        2015$4,957 +3.1%$240,300
        2014$4,806 +3%$240,300
        2013$4,664 +3.1%$240,300
        2012$4,522 +2.9%$240,300
        2011$4,393 +3%$240,300
        2009$4,263 $240,300
        2008$4,263 +8.8%$240,300
        2006$3,919 $240,300

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Ocean Avenue

        Getting around

        56 / 100
        Somewhat Walkable
        33 / 100
        Some Transit
        55 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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