1 Sherman Street, Portland, ME 04101

$1,250,000

Property Type: Multi-Family Baths: 8 Square Footage: 7,056 Lot Size (sq. ft.): 4,792 Status: Closed

Current Price: $1,250,000 List Date: 1/02/2024 Last Modified: 1/17/2025

Overview

Description

A classic peninsula building that's clean, organized, well run & turnkey. This fully rented 8 unit offers 4 One bedroom apartments, 3 Two bedroom apartments and a third floor Three bedroom penthouse apartment with skylights and views. Convenient location near Deering Oaks Park, mostly all updated units, newer windows, brand new natural gas furnace, insulated & dry full basement, clean hallways, easy vinyl siding, managed coin operated laundry on site, hardwood floors & some charming features that all come together to make living as well as owning easeful, comfortable & enjoyable. Separated electrical & natural gas for cook stoves. Some off street parking. A unique and great opportunity to start or grow your investment portfolio with a solid, well maintained and stable property.

Listing Details MLS# 1579386

Location Information

Street #: Yes
Street Name: Sherman
Street Type: Street
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04101
Zip +4: 2344
Leased Land: No
Book: 28347
Page: 47
Map: 36
Block: E
Lot: 21
Zoning: R6
Zoning Overlay: Unknown
Association: No
School District: Portland Public Schools
Full Tax Amount $: 19222
Tax Year: 2023

Contract Information

Original List Price: 1325000

Property Information

Surveyed: Unknown
Seasonal: No
Owner Occupied: No
Deed/Conveyance Type Offered: Quit Claim w/Covenant
Deed: Partial
Deed Restrictions: Unknown
Bank Owned REO: No
2 Detached Houses on 1 Lot: No
Number of Units: 8
Total Baths: 8
Total Full Baths: 8
Color: Tan
Year Built: 1910
SqFt Finished Above Grade: 7056
SqFt Finished Total: 7056
SqFt Source: Public Records
Garage: No
Lot Size Acres +/-: 0.11
Source of Acreage: Public Records
Road Frontage: Yes
Road Frontage +/-: 156
Source of Road Frontage: Public Records

Status Change Info

Pending Date: 2024-01-14
Closed Date: 2024-01-31
Closed Price: 1250000

Water Info

Waterfront: No
Water View: No

Building Info

# Stories: 3
# Floors: 3
# Heating Units: Yes

More Information

Units

# of 1 BD Units: 4
# of 2 BD Units: 3
# of 3 BD Units: Yes

Fixtures Exclusions

Fixtures Exclusions: None

Unit 1

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1065
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: No
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1275
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: No
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1450
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: No
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 4

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1519
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: No
Refrigerator: Yes
Water: Yes

Unit 5

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1651
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: No
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 6

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1107
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: No
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 7

Lease: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 1800
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: No
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 8

Lease: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 1905
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: No
Refrigerator: Yes
Sewer: Yes
Water: Yes

Utilities

Utilities On: Yes

Property Features

Site: Corner Lot; Open; Sidewalks Location: Business District; Intown; Near Shopping; Neighborhood Roads: Paved; Public Transportation: Major Road Access; Near Airport; Public Transport Access Style: New Englander; Other Levels: Multi-Level Construction: Wood Frame Basement: Brick/Mortar; Dirt Floor; Full; Unfinished; Walk-Out Access Basement Entry: Exterior Only Foundation Materials: Brick/Mortar Exterior: Vinyl Siding Roof: Shingle Heat System: Baseboard; Hot Water; Radiator; Zoned Heat Fuel: Gas Natural Water Heater: Gas; Off Heating System Cooling: None Floors: Carpet; Laminate; Vinyl; Wood Amenities: Laundry - Coin Driveway: Common; Gravel Parking: 1 - 4 Spaces; Off Street; On Site; On Street Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public

Documents

Tax Card ›

Deed Public Access ›

GIS Tax Map ›

Listing Office: Keller Williams Realty

Selling Office: F.O. Bailey Real Estate

Last Updated: January - 17 - 2025

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.