64 Gray ST Portland, ME 04102
7 Baths
5,150 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 5,150 sqft
MLS Listing ID 1622551
Style New Englander,Victorian
Full Baths 7
HOA Y/N No
Abv Grd Liv Area 5,150
Year Built 1910
Annual Tax Amount $15,208
Tax Year 2025
Lot Size 3,920 Sqft
Acres 0.09
Source Maine Listings
Property Description
Step into Portland's rich history with this beautifully renovated and updated seven-unit building in a prime location! Situated with exceptional proximity to all that downtown Portland has to offer - from its vibrant arts scene and renowned restaurants to its bustling waterfront - this property presents a fantastic investment opportunity.
This meticulously maintained building features a desirable unit mix of five spacious one-bedroom apartments and two efficient studio apartments, all currently leased at market rents, ensuring a strong and immediate income stream. Every unit has recently extensive renovations and updates have preserved the building's historic charm while providing modern comfort and convenience for tenants. A new heating system offers efficiency and reliability. Full Renovation of the entire exterior of the building.
A significant amenity in this urban setting is the on-site parking available for tenants for a small fee, a feature that adds considerable value and tenant appeal.
Investment Highlights:
Seven Units: Five 1-bedroom units and two studio units.
Prime Location: Unbeatable access to downtown Portland's attractions, amenities, and employment centers.
Market Rents: All units are currently rented at full market value.
Historic Charm, Modern Updates: Beautifully renovated and updated throughout, blending historic character with contemporary living.
New Heating System: Ensuring efficient and cost-effective heating for the entire building.
On-Site Parking: A valuable amenity for tenants in a downtown location, available for a fee.
Strong Income Potential: A fully leased building in a high-demand rental market.
Don't miss this exceptional opportunity to own a piece of Portland's history while capitalizing on a strong multi-family investment in a sought-after location.
Location
State ME
County Cumberland
Zoning R6
Rooms
Basement Full, Doghouse, Exterior Only, Unfinished
Interior
Heating Radiator
Cooling None
Flooring Wood, Vinyl
Equipment Cable
Laundry Laundry - 1st Floor, Main Level, Laundry - Coin
Exterior
Parking Features 1 - 4 Spaces, Gravel, On Site
Utilities Available 1
View Y/N No
Roof Type Pitched,Shingle
Street Surface Paved
Garage No
Building
Lot Description Open, Level, Sidewalks, Historic District, Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood, Near Public Transit
Foundation Block, Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style New Englander, Victorian
Structure Type Wood Siding,Clapboard,Wood Frame
Others
Restrictions Unknown
Energy Description Gas Natural
