146 Sherman Street, Portland, ME 04101

New Listing

$1,319,000

Virtual Tour

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Property Type: Commercial 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. Featuring four 2-bedroom units and two 1-bedroom units, this income-producing property offers excellent tenant demand, and future upside potential. Owner initiated process to legalize 6th unit with fire escape addition but was unable to resolve with the city. The current owner has offered the units to his employees at a discounted rental rate. 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.

Listing Details MLS# 1668100

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
Full Tax Amount $: 12664
Tax Year: 2026
Tree Growth Y/N: No
Association Y/N: No

Contract Information

Original List Price: 1319000

Property Information

Primary Use: Multi Family
Surveyed: Unknown
Deed/Conveyance Type Offered: Warranty
Deed: All
Deed Restrictions: Unknown
Year Built: 1910
Tenancy: Multiple Tenants
Leases: Yes
SqFt Finished Total: 5650
Lot Size Acres +/-: 0.1

Commercial Bldg Information

Gross Income: 120000
Operating Expenses: 51257

Utilities

Utilities On: Yes

Location

Near Shopping: Yes

More Information

Property Uses

Commercial: Yes
Other: 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
Hot Water: Yes
Radiator: Yes
Zoned: Yes

Heat Fuel

Gas Natural: Yes

Cooling

None: Yes

Floors

Carpet: Yes
Vinyl: Yes
Wood: Yes

Building Features

Fire System: Yes

Parking

No Parking: Yes
Off Street: Yes

Electric

Circuit Breakers: Yes

Gas

Natural - At Street: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Property Features

Location: Near Shopping Construction: Wood Frame Property Uses: Commercial; Other Basement: Brick/Mortar; Full; Unfinished Foundation Materials: Block; Brick/Mortar; Stone Exterior: Vinyl Siding Roof: Pitched; Shingle Heat System: Baseboard; Hot Water; Radiator; Zoned Heat Fuel: Gas Natural Cooling: None Floors: Carpet; Vinyl; Wood Building Features: Fire System Parking: No Parking; Off Street Electric: Circuit Breakers Gas: Natural - At Street Sewer: Public Sewer Water: Public

Documents

Property Disclosure Public Access ›

Lead Paint Addendum Public Access ›

146 Sherman St - Brochure ›

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.