20 Pine Street, Portland, ME 04102

$1,100,000
Property Type: Multi-Family Baths: 6 Square Footage: 5,722 Lot Size (sq. ft.): 1,742 Status: Closed
Current Price: $1,100,000 List Date: 8/05/2020 Last Modified: 1/02/2025

Overview

Description

Back on the market after being withdrawn due to the concerns for the tenants during COVID-19 this rare West End rowhouse 6-unit is meticulously maintained and ready to be your next great investment. The property is a historic gem on the outside yet features 6 residential units that were all redesigned and rebuilt in the late 80's. The result is a classic Portland property an investor will be proud to own while also being simple to manage and efficient to operate. Potential opportunities include executive rentals, short term rentals, or a condo conversion. Seller currently leasing off-site parking space for each unit.

Listing Details MLS# 1445299

Location Information

Street #
20
Street Name
Pine
Street Type
Street
County
Cumberland
Town
Portland
State/Province
ME
Zip Code
04102
Zip +4
3860
Leased Land
No
Book
10510
Page
51
Map
45
Block
c
Lot
29
Zoning
B1
Zoning Overlay
No
Association
No
Full Tax Amount $
9580
Tax Year
2019

Contract Information

Original List Price
1500000

Property Information

Surveyed
Unknown
Seasonal
No
Owner Occupied
No
Deed/Conveyance Type Offered
Quit Claim w/Covenant
Deed
All
Deed Restrictions
Unknown
Bank Owned REO
No
2 Detached Houses on 1 Lot
No
Number of Units
6
Total Baths
6
Total Full Baths
6
Color
Brick
Year Built
1900
SqFt Finished Above Grade
4886
SqFt Finished Below Grade
836
SqFt Finished Total
5722
SqFt Source
Public Records
Garage
No
Lot Size Acres +/-
0.04
Source of Acreage
Public Records
Total Half Baths
0
Garage Spaces
0

Status Change Info

Pending Date
2020-08-14
Closed Date
2020-10-21
Closed Price
1100000

Water Info

Water Frontage
No
Water View
No

Building Info

# Stories
4
# Floors
4
# Heating Units
Yes

More Information

Units

# of 1 BD Units
5
# of 2 BD Units
Yes

Unit 1

Lease
Yes
Level
First
Security Deposit
Yes
Monthly Rent
1400
# Full Baths
Yes
# of Rooms
4
# of Bedrooms
Yes
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
1295
# Full Baths
Yes
# of Rooms
4
# of Bedrooms
Yes
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
Second
Security Deposit
Yes
Monthly Rent
1300
# Full Baths
Yes
# of Rooms
4
# of Bedrooms
Yes
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
Yes
Level
Second
Security Deposit
Yes
Monthly Rent
1000
# Full Baths
Yes
# of Rooms
4
# of Bedrooms
Yes
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
No
Heat
Yes
Range
Yes
Refrigerator
Yes
Water
Yes
Sewer
Yes

Unit 5

Lease
Yes
Level
Third
Security Deposit
Yes
Monthly Rent
800
# Full Baths
Yes
# of Rooms
Yes
# of Bedrooms
Yes
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 6

Lease
No
Level
Four +
Security Deposit
No
# Full Baths
Yes
# of Rooms
5
# 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
Monthly Rent
0

Utilities

Utilities On
Yes

Sold Info

Appraiser Email Address
jason@mainelandconsultants.com

Site

Open
Yes
Rolling/Sloping
Yes
Sidewalks
Yes

Location

Historic District
Yes
Near Shopping
Yes
Near Town
Yes

Roads

Paved
Yes
Public
Yes

Transportation

Public Transport Access
Yes

Style

Row-Inside
Yes

Construction

Masonry
Yes
Wood Frame
Yes

Basement

Brick/Mortar
Yes
Crawl Space
Yes
Full
Yes
Slab
Yes
Sump Pump
Yes
Unfinished
Yes

Foundation Materials

Block
Yes
Brick/Mortar
Yes
Poured Concrete
Yes
Stone
Yes

Exterior

Brick
Yes
Clapboard
Yes

Roof

Membrane
Yes
Pitched
Yes
Slate
Yes

Heat System

Baseboard
Yes
Forced Air
Yes
Hot Water
Yes
Zoned
Yes

Energy Efficiency

Water Heater
Yes

Heat Fuel

Oil
Yes

Income & Expenses

Gross Income
83940
Operating Expenses
26092

Cooling

None
Yes

Floors

Carpet
Yes
Tile
Yes
Vinyl
Yes

Parking

Other Parking
Yes
Assigned
Yes
Leased
Yes
No Parking
Yes
Off Site
Yes

Electric

Circuit Breakers
Yes

Gas

No Gas
Yes

Sewer

Public Sewer
Yes

Water

Public
Yes

Driveway

No Driveway
Yes

Restrictions

No Restrictions
Yes

Basement Entry

Interior
Yes

Water Heater

Oil
Yes
Tank
Yes

Amenities

Bathtub
Yes
Laundry - 1st Floor
Yes
Laundry - Coin
Yes
Shower
Yes
Sprinkler
Yes
Storage
Yes
Walk-in Closets
Yes

Vehicle Storage

No Vehicle Storage
Yes

Property Features

Site: Open; Rolling/Sloping; Sidewalks Location: Historic District; Near Shopping; Near Town Roads: Paved; Public Transportation: Public Transport Access Style: Row-Inside Construction: Masonry; Wood Frame Basement: Brick/Mortar; Crawl Space; Full; Slab; Sump Pump; Unfinished Basement Entry: Interior Foundation Materials: Block; Brick/Mortar; Poured Concrete; Stone Exterior: Brick; Clapboard Roof: Membrane; Pitched; Slate Heat System: Baseboard; Forced Air; Hot Water; Zoned Heat Fuel: Oil Water Heater: Oil; Tank Cooling: None Floors: Carpet; Tile; Vinyl Amenities: Bathtub; Laundry - 1st Floor; Laundry - Coin; Shower; Sprinkler; Storage; Walk-in Closets Energy Efficiency: Water Heater Driveway: No Driveway Parking: Other Parking; Assigned; Leased; No Parking; Off Site Vehicle Storage: No Vehicle Storage Restrictions: No Restrictions Electric: Circuit Breakers Gas: No Gas Sewer: Public Sewer Water: Public
Listing Office: Vitalius Real Estate Group, LLC
IDX
Last Updated: January - 02 - 2025
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