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!
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Active
$849,000
850 Washington Avenue, Portland, ME 04103
4beds
2,184sqft
Multi Family
Built in 1864
-- sqft lot
$827,500 Zestimate®
$389/sqft
$-- HOA
What's special
- 28 days |
- 795 |
- 51 |
Zillow last checked:
Listing updated:
Listed by:
Keller Williams Realty
Source: Maine Listings,MLS#: 1665928
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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
| Date | Event | Price |
|---|---|---|
| 6/9/2026 | Listed for sale | $849,000+13.2%$389/sqft |
Source: | ||
| 9/29/2023 | Sold | $750,000$343/sqft |
Source: | ||
| 9/12/2023 | Pending sale | $750,000$343/sqft |
Source: | ||
| 8/11/2023 | Contingent | $750,000$343/sqft |
Source: | ||
| 7/27/2023 | Listed for sale | $750,000$343/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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 | $240,300 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Ocean Avenue
Nearby schools
GreatSchools rating
- 5/10Presumpscot SchoolGrades: PK-5Distance: 0.6 mi
- 4/10Lyman Moore Middle SchoolGrades: 6-8Distance: 1.6 mi
- 5/10Casco Bay High SchoolGrades: 9-12Distance: 1.3 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Maine
- Cumberland County
- Portland
- 04103
- Ocean Avenue
- 850 Washington Avenue






