10-Unit Multifamily by Maine Med 8.5+ CAP RATE

Multi-Family for Sale
Catylist Listing ID: 30355973
Number of Units: 10 Units
Building Size (RSF): 6,647 SF
Gross Building Area: See Agent
Sale Price: $1,375,000
Unit Price: $137,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 7/29/2019

Overview / Comments

10 unique units located in the heart of Portland's Arts District. This historic property is within walking distance to various amenities, including the restaurants on Congress Street, the Old Port, Waynflete School, the Old Port, Maine Med, and many local breweries.

7.92% cap rate on market rate income.

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 047 A015001
Zoning: B2B
Fuel: Gas

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,619 82,238 118,577
Median Age: 34.36 37.67 39.09
Households: 12,750 37,837 53,244


Photograph of Listing Agent

Josh Soley

Maine Realty Advisors
The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.