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  • $515,000

    88 Portland Street, South Berwick, ME 03908

    5beds
    2,560sqft
    Multi Family
    Built in 1875
    -- sqft lot
    $547,100 Zestimate®
    $201/sqft
    $1,985 Estimated rent

    Home value

    $547,100

    $492,000 - $596,000

    $1,985/mo

    Zestimate® history
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    What's special

    Tremendous Two-Family Investment Opportunity! Owner occupants and investors will not want to miss seeing this solid-well maintained home in an ideal location! Occupy one of two units while collecting $2,200+ monthly rental income. Annual rental income for both units would be approx $48,000. This home boasts architectural detail including multi-step door and window moldings, custom baseboards and the original balustrade handrail system. The roof on the main section of the home was replaced six months ago. Both units have been updated and have separate utilities. Unfinished attic for storage or expansion, as well as a large level lot with plenty of parking and the potential for a fully landscaped yard or auxiliary dwelling unit. Walk to one of many restaurants or enjoy the fresh air on this lovely farmers' porch. Close by you will find a park, several golf courses and beaches. Conveniently less than an hour from Portland, a little over an hour from Boston, and 25 minutes to Portsmouth. Highly regarded public and private school options.

    Zillow last checked:

    Listing updated:

    Listed by:

    OwnerEntry.com

    Bought with:

    Berkshire Hathaway HomeServices Verani Realty

    Source: Maine Listings,MLS#: 1587192MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Baseboard, Hot Water
    Cooling
    • None
    Features
    • Flooring: Carpet, Laminate, Tile, Vinyl
    • Basement: Interior Entry,Full
    Interior area
    • Total structure area: 2,560
    • Total interior livable area: 2,560 sqft
    • Finished area above ground: 2,560
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Gravel, Off Street
    Lot
    • Size: 0.31 Acres
    • Features: City Lot, Near Shopping, Level, Sidewalks
    Details
    • Parcel number: SBERM028B160
    • Zoning: r

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Other
    • Foundation: Stone, Brick/Mortar
    • Roof: Shingle
    Condition
    • Year built: 1875

    Utilities & green energy

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

    Community & neighborhood

    Location
    • Region: South Berwick

    Other

    Other facts
    • Road surface type: Paved

    Price history

    DateEventPrice
    5/24/2024Sold$515,000+5.3%$201/sqft
    Source: Maine Listings #1587192 Report a problem
    5/2/2024Pending sale$489,000$191/sqft
    Source: Maine Listings #1587192 Report a problem
    4/23/2024Listed for sale$489,000$191/sqft
    Source: Maine Listings #1587192 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$5,844 +20.7%$435,500 +25.5%
    2023$4,843 +4.2%$346,900 +8.6%
    2022$4,646 +9.9%$319,500 +17.5%
    2021$4,227 -2.1%$272,000 +10.2%
    2020$4,319 +0.3%$246,800 +7.7%
    2019$4,307 -0.1%$229,100 +2.6%
    2018$4,310 +1.6%$223,300
    2017$4,243 +3.8%$223,300
    2016$4,086 +2.8%$223,300
    2015$3,975 +0.6%$223,300
    2014$3,952 +2.6%$223,300
    2013$3,852 +6.8%$223,300
    2012$3,606 +4.2%$223,300
    2011$3,461 +2%$223,300
    2009$3,394 +2%$223,300
    2008$3,327 +23.1%$223,300
    2006$2,702 $223,300

    Find assessor info on the county website

    Neighborhood: 03908

    Nearby schools

    GreatSchools rating
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    $547,100
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    With Zillow Showcase(estimated)
    $558,042