160 Washington Avenue, Portland, ME 04101

$1,495,000

Property Type: Multi-Family Baths: 5 Square Footage: 4,732 Lot Size (sq. ft.): 6,534 Status: Active

Current Price: $1,495,000 List Date: 5/11/2025 Last Modified: 4/06/2026

Overview

Description

Turnkey 5-Unit Investment in Prime Munjoy Hill Location! Seasoned investors know the value of location, layout, and low-maintenance assets—this property checks all the boxes. Situated at the base of Munjoy Hill, one of Portland's most desirable and appreciating neighborhoods, this well-maintained five-unit building offers a solid, income-generating opportunity. All five units are two-bedrooms, a consistently high-demand layout that attracts long-term tenants. Interiors are efficiently designed, with spacious living areas, functional kitchens, and ample natural light—units that rent easily and retain well. The building has been well cared for, minimizing deferred maintenance and immediate capex needs. Off-street parking adds a competitive edge in this urban market, boosting tenant satisfaction and retention. The location is a key asset: walkable to local dining, coffee shops, artisan retail, and the Eastern Promenade. Public transportation access and proximity to downtown furt ... (Read more)

Listing Details MLS# 1622196

Location Information

Street #: 160
Street Name: Washington
Street Type: Avenue
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04101
Zip +4: 2655
Leased Land: No
Book: 25073
Page: 117
Map: 12
Block: D
Lot: 9001
Zoning: B2B
Zoning Overlay: No
Neighborhood Association: Munjoy Hill
Association: No
School District: Portland Public Schools
Full Tax Amount $: 11167
Tax Year: 2024
Tree Growth Y/N: No

Contract Information

Original List Price: 1495000

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: 5
Total Full Baths: 5
Color: White
Year Built: 1985
SqFt Finished Above Grade: 4732
SqFt Finished Total: 4732
SqFt Source: Public Records
Furniture: Unfurnished
Garage: No
Lot Size Acres +/-: 0.15
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

# Stories: 2
# Floors: 3
# Heating Units: Yes
# Water Heaters: Yes

Units

# of 2 BD Units: 5

More Information

Unit 1

Lease: Yes
Level: Basement
Security Deposit: Yes
Monthly Rent: 1589
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1209
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1525
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 4

Lease: No
Level: Second
Security Deposit: No
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Water: Yes
Monthly Rent: 0
Sewer: Yes

Unit 5

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1154
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Utilities

Utilities On: Yes

Levels

Multi-Level: Yes

Site

Open: Yes
Rolling/Sloping: Yes

Location

Business District: Yes
Intown: Yes
Near Public Beach: Yes
Near Shopping: Yes

Roads

Paved: Yes
Public: Yes

Transportation

Major Road Access: Yes
Public Transport Access: Yes

Style

Colonial: Yes
Other: Yes

Construction

Wood Frame: Yes

Basement

Finished: Yes
Full: Yes
Walk-Out Access: Yes

Foundation Materials

Poured Concrete: Yes

Exterior

Vinyl Siding: Yes

Roof

Composition: Yes
Pitched: Yes
Shingle: Yes

Heat System

Baseboard: Yes
Forced Air: Yes
Hot Water: Yes
Zoned: Yes

Heat Fuel

Gas Natural: Yes

Income & Expenses

Gross Income: 94512
Operating Expenses: 24500

Cooling

None: Yes

Floors

Carpet: Yes
Laminate: Yes
Vinyl: Yes

Parking

5 - 10 Spaces: Yes
Off Street: Yes
Paved: Yes

Electric

Circuit Breakers: Yes

Gas

Natural - On Site: Yes
Underground: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Driveway

Common: Yes
Paved: Yes

Restrictions

No Restrictions: Yes

Basement Entry

Interior: Yes

Water Heater

Off Heating System: Yes
Tank: Yes

Window Features

Double Pane Windows: Yes

Amenities

Bathtub: Yes
Laundry - Coin: Yes
Shower: Yes

Patio and Porch Features

Deck: Yes

Equipment

Cable: Yes
Internet Access Available: Yes

Vehicle Storage

No Vehicle Storage: Yes

Property Features

Site: Open; Rolling/Sloping Location: Business District; Intown; Near Public Beach; Near Shopping Roads: Paved; Public Transportation: Major Road Access; Public Transport Access Style: Colonial; Other Levels: Multi-Level Construction: Wood Frame Basement: Finished; Full; Walk-Out Access Basement Entry: Interior Foundation Materials: Poured Concrete Exterior: Vinyl Siding Roof: Composition; Pitched; Shingle Heat System: Baseboard; Forced Air; Hot Water; Zoned Heat Fuel: Gas Natural Water Heater: Off Heating System; Tank Cooling: None Floors: Carpet; Laminate; Vinyl Window Features: Double Pane Windows Amenities: Bathtub; Laundry - Coin; Shower Patio and Porch Features: Deck Equipment: Cable; Internet Access Available Driveway: Common; Paved Parking: 5 - 10 Spaces; Off Street; Paved Vehicle Storage: No Vehicle Storage Restrictions: No Restrictions Electric: Circuit Breakers Gas: Natural - On Site; Underground Sewer: Public Sewer Water: Public

Documents

Property Disclosure Public Access ›

IDX

Listing Office: Spectrum Real Estate

Last Updated: April - 06 - 2026

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