146 Sherman Street, Portland, ME 04101

New Listing
$1,319,000
Property Type: Multi-Family Baths: 6 Square Footage: 5,650 Lot Size (sq. ft.): 4,356 Status: Active
Current Price: $1,319,000 List Date: 6/19/2026 Last Modified: 6/23/2026

Overview

Description

Prime 5-unit multifamily investment opportunity in Portland's desirable West End in Parkside. Featuring four 2-bedroom units and two 1-bedroom units, this income-producing property offers excellent tenant demand, and future upside potential. The current owner has offered the units to his employees at a discounted rental rate. Owner initiated process to legalize 6th unit with fire escape addition but was unable to resolve with the city. The property had a safety inspection completed by the city with the third floor broken up into two, two-bedroom units instead of one combined four-bedroom unit. Conveniently located minutes from Downtown Portland, Maine Medical Center, restaurants, shops, and public transportation. A rare opportunity to acquire a well-located multifamily asset. Group showings: Tuesday, June 23rd at 10am - 11:30am Thursday, June 25th at 12pm - 1:00pm All showings after group showings will be by appointment only. Allow at least 24 hours to notify tenants.

Open Houses

  • Today, 10:00 am - 11:30 am
  • Thursday, June 25, 12:00 pm - 1:30 pm

Listing Details MLS# 1668085

Location Information

Street #
146
Street Name
Sherman
Street Type
Street
County
Cumberland
Town
Portland
State/Province
ME
Zip Code
04101
Zip +4
5211
Leased Land
No
Book
47765
Page
127-128/All
Map
48
Block
E
Lot
Yes
Zoning
R6
Zoning Overlay
No
Association
No
Full Tax Amount $
12664
Tax Year
2026
Tree Growth Y/N
No

Contract Information

Original List Price
1319000

Property Information

Surveyed
Unknown
Seasonal
No
Owner Occupied
No
Deed/Conveyance Type Offered
Warranty
Deed
All
Deed Restrictions
Unknown
2 Detached Houses on 1 Lot
No
Number of Units
5
Total Baths
6
Total Full Baths
6
Color
Tan
Year Built
1910
SqFt Finished Above Grade
5650
SqFt Finished Total
5650
SqFt Source
Public Records
Garage
No
Lot Size Acres +/-
0.1
Source of Acreage
Public Records
Total Half Baths
0
SqFt Finished Below Grade
0
Garage Spaces
0

Water Info

Water Frontage
No
Water View
No

Building Info

# Water Heaters
5

Units

# of 1 BD Units
2
# of 2 BD Units
2
# of 4+ BD Units
Yes

More Information

Unit 1

Lease
Yes
Level
First
Security Deposit
No
Monthly Rent
1500
# Full Baths
Yes
# of Rooms
5
# of Bedrooms
2
Dedicated Electric Meter
Yes
Dedicated Gas Meter
Yes
Dedicated Water Heater
No
Electric
No
Heat
No
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 2

Lease
Yes
Level
Second
Security Deposit
Yes
Monthly Rent
1500
# Full Baths
Yes
# of Rooms
5
# of Bedrooms
2
Dedicated Electric Meter
Yes
Dedicated Gas Meter
Yes
Dedicated Water Heater
No
Electric
No
Heat
No
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 3

Lease
Yes
Level
First
Security Deposit
Yes
Monthly Rent
1600
# Full Baths
Yes
# of Rooms
4
# of Bedrooms
Yes
Dedicated Electric Meter
Yes
Dedicated Gas Meter
Yes
Dedicated Water Heater
Yes
Electric
No
Heat
No
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 4

Lease
Yes
Level
Second
Security Deposit
Yes
Monthly Rent
1700
# Full Baths
Yes
# of Rooms
4
# of Bedrooms
Yes
Dedicated Electric Meter
Yes
Dedicated Gas Meter
Yes
Dedicated Water Heater
Yes
Electric
No
Heat
No
Range
Yes
Refrigerator
Yes
Water
Yes
Sewer
Yes

Unit 5

Lease
Yes
Level
Third
Security Deposit
Yes
Monthly Rent
3700
# Full Baths
2
# of Rooms
6
# of Bedrooms
4
Dedicated Electric Meter
Yes
Dedicated Gas Meter
Yes
Dedicated Water Heater
Yes
Electric
Yes
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Utilities

Utilities On
Yes

Site

Corner Lot
Yes
Open
Yes
Rolling/Sloping
Yes
Sidewalks
Yes

Location

Near Railroad
Yes
Near Shopping
Yes
Near Town
Yes
Near Turnpike/Interstate
Yes

Roads

Paved
Yes
Public
Yes

Style

Colonial
Yes

Construction

Wood Frame
Yes

Basement

Brick/Mortar
Yes
Full
Yes
Unfinished
Yes

Foundation Materials

Block
Yes
Brick/Mortar
Yes
Stone
Yes

Exterior

Vinyl Siding
Yes

Roof

Pitched
Yes
Shingle
Yes

Heat System

Baseboard
Yes
Forced Air
Yes
Hot Water
Yes
Radiator
Yes
Zoned
Yes

Heat Fuel

Gas Natural
Yes

Income & Expenses

Gross Income
120000
Operating Expenses
51257

Cooling

None
Yes

Floors

Carpet
Yes
Vinyl
Yes
Wood
Yes

Parking

No Parking
Yes
Off Street
Yes

Electric

Circuit Breakers
Yes

Gas

Natural - At Street
Yes

Sewer

Public Sewer
Yes

Water

Public
Yes

Driveway

No Driveway
Yes

Basement Entry

Interior
Yes

Water Heater

Gas
Yes

Amenities

Bathtub
Yes
Laundry - Coin
Yes
Shower
Yes

Vehicle Storage

No Vehicle Storage
Yes

Property Features

Site: Corner Lot; Open; Rolling/Sloping; Sidewalks Location: Near Railroad; Near Shopping; Near Town; Near Turnpike/Interstate Roads: Paved; Public Style: Colonial Construction: Wood Frame Basement: Brick/Mortar; Full; Unfinished Basement Entry: Interior Foundation Materials: Block; Brick/Mortar; Stone Exterior: Vinyl Siding Roof: Pitched; Shingle Heat System: Baseboard; Forced Air; Hot Water; Radiator; Zoned Heat Fuel: Gas Natural Water Heater: Gas Cooling: None Floors: Carpet; Vinyl; Wood Amenities: Bathtub; Laundry - Coin; Shower Driveway: No Driveway Parking: No Parking; Off Street Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Natural - At Street Sewer: Public Sewer Water: Public

Documents

IDX
Listing Office: EXP Realty
Last Updated: June - 23 - 2026
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.
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