237 High Street, Portland, ME 04101

$1,600,000
Property Type: Multi-Family Baths: 11 Square Footage: 8,956 Lot Size (sq. ft.): 4,792 Status: Closed
Current Price: $1,600,000 List Date: 3/01/2024 Last Modified: 1/17/2025

Description

Large 11-unit apartment building in downtown Portland. Building offers historical character and woodwork including original moldings, floors, fireplaces, stairwells, etc. Nice mix of 1-bedroom, 2-bedroom and 3-bedroom units. Newer heating system, 2016 rubber membrane roof, separate electrical services, spray foam insulation, coin-op laundry and much more. Potential to increase rents. Convenient Parkside location, close to Deering Oaks Park, Portland YMCA, and short walk to Congress Street and the Art's District. Also see Commercial Listing #1583239

Supplements: ********

More Information MLS# 1583239

Location Information

Book: 40566 Leased Land: No Page: 177 Map: 36 Block: G Lot: 10 Zoning Overlay: Unknown Association: No Street #: 237 Street Name: High Street Type: Street County: Cumberland Town: Portland State/Province: ME Zip Code: 04101 Zoning: R-6 Full Tax Amount $: 24112 Tax Year: 2023 Geo Lat: 43.656934 Geo Lon: -70.266049

Property Information

Surveyed: Unknown Seasonal: No Number of Units: 11 Deed/Conveyance Type Offered: Quit Claim w/Covenant Deed: Partial 2 Detached Houses on 1 Lot: No Lot Size Acres +/-: 0.11 Total Baths: 11 Total Half Baths: 0 Color: Gray SqFt Finished Above Grade: 8124 SqFt Finished Below Grade: 832 SqFt Source: Public Records Garage: No Garage Spaces: 0 Total Full Baths: 11 Year Built: 1910 SqFt Finished Total: 8956 Source of Acreage: Public Records

Site

Level: 1 Open: 1 Sidewalks: 1

Location

Intown: 1 Near Railroad: 1 Near Shopping: 1 Near Town: 1 Near Turnpike/Interstate: 1

Roads

Paved: 1 Public: 1

Water Info

Water Frontage: No Water View: No

Style

Victorian: 1

Construction

Wood Frame: 1

Basement

Finished: 1 Full: 1 Unfinished: 1

Foundation Materials

Brick/Mortar: 1 Stone: 1

Exterior

Vinyl Siding: 1

Roof

Membrane: 1

Heat System

Forced Air: 1 Hot Water: 1

Building Info

# Floors: 3 # Heating Units: 1 # Water Heaters: 1

Heat Fuel

Gas Natural: 1

Income & Expenses

Gross Income: 190596 Operating Expenses: 76912

Cooling

None: 1

Floors

Carpet: 1 Vinyl: 1 Wood: 1

Units

# of 1 BD Units: 6 # of 2 BD Units: 3 # of 3 BD Units: 2

Parking

1 - 4 Spaces: 1 Off Street: 1 Paved: 1

Unit 1

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1200 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Electric

Circuit Breakers: 1

Unit 2

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1604 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Utilities On: Yes

Unit 3

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 2163 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Gas

Natural - At Street: 1

Unit 4

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1522 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Sewer

Public Sewer: 1

Unit 5

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1012 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Water

Public: 1

Unit 6

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1573 # Full Baths: 1 # 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

Unit 7

Lease: Yes Level: Third Security Deposit: Yes Monthly Rent: 1485 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 8

Lease: No Level: Third Security Deposit: Yes Monthly Rent: 1604 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 9

Lease: Yes Level: Third Security Deposit: Yes Monthly Rent: 1414 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 10

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1165 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 11

Lease: Yes Level: Basement Security Deposit: Yes Monthly Rent: 1141 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Driveway

Paved: 1

Basement Entry

Interior: 1

Water Heater

Off Heating System: 1

Amenities

Laundry - Coin: 1

Vehicle Storage

No Vehicle Storage: 1

Contract Information

Status: Closed Original List Price: 1695000 Sold Price: $1,600,000 Current Price: $1,600,000

Status Change Info

Pending Date: 2024-03-08 Closed Date: 2024-04-25 Closed Price: 1600000

Property Features

Site: Level; Open; Sidewalks Location: Intown; Near Railroad; Near Shopping; Near Town; Near Turnpike/Interstate Roads: Paved; Public Style: Victorian Construction: Wood Frame Basement: Finished; Full; Unfinished Basement Entry: Interior Foundation Materials: Brick/Mortar; Stone Exterior: Vinyl Siding Roof: Membrane Heat System: Forced Air; Hot Water Heat Fuel: Gas Natural Water Heater: Off Heating System Cooling: None Floors: Carpet; Vinyl; Wood Amenities: Laundry - Coin Driveway: Paved Parking: 1 - 4 Spaces; Off Street; Paved Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Natural - At Street Sewer: Public Sewer Water: Public

Documents

Listing Office: Town & Shore Real Estate
IDX
Last Updated: January - 17 - 2025
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