25 Granite Street, Portland, ME 04102

$2,680,000
Property Type: Multi-Family Baths: 12 Square Footage: 9,816 Lot Size (sq. ft.): 12,632 Status: Closed
Current Price: $2,680,000 List Date: 1/23/2021 Last Modified: 1/06/2025

Overview

Description

Exceptional building and excellent investment opportunity! 25 Granite Street has much to offer the tenant as well as the investor: a few steps from the USM Law School and the main campus, off street parking, efficient Rinnai Heaters, 4 of the units have dedicated outside space, and another 4 have private roof top decks with great city views! Built as an Inn, circa 1750, and added onto in the early 20th century creating a nice mix of 1 & 2 bedroom units with 4 units retaining ornamental fireplaces. Additionally there is a coin-op laundry and dedicated tenant storage space. A few years after the current owner purchased the property its trajectory was for condo conversion so all systems were updated to include: new roof, windows, heating systems, siding,plumbing, wiring, kitchens and baths, and roof top decks. In the last few years a number of the units have been redone to stay fresh. The market shifted dramatically 08-09 so it remained and still is today a great 12 unit investment opp ...

Listing Details MLS# 1480477

Location Information

Street #
25
Street Name
Granite
Street Type
Street
County
Cumberland
Town
Portland
State/Province
ME
Zip Code
04102
Leased Land
No
Book
21692
Page
141
Map
51
Block
E
Lot
21
Zoning
residential
Zoning Overlay
No
Association
No
Full Tax Amount $
12662
Tax Year
2020

Contract Information

Original List Price
2750000

Property Information

Surveyed
Yes
Seasonal
No
Owner Occupied
No
Deed/Conveyance Type Offered
Warranty
Deed
All
Deed Restrictions
Unknown
Bank Owned REO
No
2 Detached Houses on 1 Lot
No
Number of Units
12
Total Baths
12
Total Full Baths
12
Color
Yellow
Year Built
1910
SqFt Finished Above Grade
9816
SqFt Finished Total
9816
Garage
Yes
Garage Spaces
Yes
Lot Size Acres +/-
0.29
Source of Acreage
Public Records
Total Half Baths
0
SqFt Finished Below Grade
0

Status Change Info

Pending Date
2021-01-29
Closed Date
2021-04-16
Closed Price
2680000

Water Info

Water Frontage
No
Water View
No

Building Info

# Fireplaces
4
# Stories
3
# Floors
3
# Heating Units
24
# Water Heaters
Yes

More Information

Units

# of 1 BD Units
5
# of 2 BD Units
7

Unit 1

Lease
No
Level
First
Security Deposit
Yes
Monthly Rent
1445
# Full Baths
Yes
# of Rooms
3
# of Bedrooms
Yes
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
First
Security Deposit
Yes
Monthly Rent
1350
# Full Baths
Yes
# of Rooms
3
# of Bedrooms
Yes
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
1400
# Full Baths
Yes
# of Rooms
4
# 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 4

Lease
No
Level
First
Security Deposit
Yes
Monthly Rent
1295
# Full Baths
Yes
# of Rooms
4
# of Bedrooms
2
Dedicated Electric Meter
Yes
Dedicated Gas Meter
Yes
Dedicated Water Heater
No
Electric
No
Heat
No
Range
Yes
Refrigerator
Yes
Water
Yes
Sewer
Yes

Unit 5

Lease
No
Level
Second
Security Deposit
Yes
Monthly Rent
1495
# Full Baths
Yes
# of Rooms
4
# of Bedrooms
Yes
Dedicated Electric Meter
Yes
Dedicated Gas Meter
Yes
Dedicated Water Heater
No
Electric
Yes
Heat
No
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 6

Lease
No
Level
Second
Security Deposit
Yes
Monthly Rent
1395
# Full Baths
Yes
# of Rooms
3
# of Bedrooms
Yes
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 7

Lease
Yes
Level
Second
Security Deposit
Yes
Monthly Rent
1650
# Full Baths
Yes
# of Rooms
4
# 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 8

Lease
Yes
Level
Second
Security Deposit
Yes
Monthly Rent
1590
# Full Baths
Yes
# of Rooms
4
# 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 9

Lease
Yes
Level
Third
Security Deposit
Yes
Monthly Rent
1800
# Full Baths
Yes
# of Rooms
4
# 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 10

Lease
Yes
Level
Third
Security Deposit
Yes
Monthly Rent
1375
# Full Baths
Yes
# of Rooms
3
# of Bedrooms
Yes
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 11

Lease
No
Level
Third
Security Deposit
Yes
Monthly Rent
1795
# Full Baths
Yes
# of Rooms
4
# 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 12

Lease
Yes
Level
Third
Security Deposit
Yes
Monthly Rent
1650
# Full Baths
Yes
# of Rooms
4
# 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

Utilities

Utilities On
Yes

Sold Info

Appraiser Email Address
dpierce@maine.rr.com

Site

Sidewalks
Yes
Well Landscaped
Yes

Location

Near Shopping
Yes
Near Town
Yes
Neighborhood
Yes

Roads

Paved
Yes
Public
Yes

Transportation

Near Airport
Yes

Style

Other
Yes

Construction

Wood Frame
Yes

Basement

Crawl Space
Yes
Full
Yes
Unfinished
Yes

Foundation Materials

Granite
Yes

Exterior

Vinyl Siding
Yes

Roof

Flat
Yes
Membrane
Yes

Heat System

Direct Vent Heater
Yes

Heat Fuel

Gas Natural
Yes

Income & Expenses

Gross Income
222600
Operating Expenses
48572

Cooling

None
Yes

Floors

Tile
Yes
Vinyl
Yes
Wood
Yes

Parking

11 - 20 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

Paved
Yes

Basement Entry

Interior
Yes

Water Heater

Gas
Yes
Off Heating System
Yes
Separate Booster
Yes

Window Features

Double Pane Windows
Yes

Amenities

Laundry - Coin
Yes
One-Floor Living
Yes

Patio and Porch Features

Deck
Yes

Equipment

Cable
Yes

Vehicle Storage

1 Car
Yes
Detached
Yes

Property Features

Site: Sidewalks; Well Landscaped Location: Near Shopping; Near Town; Neighborhood Roads: Paved; Public Transportation: Near Airport Style: Other Construction: Wood Frame Basement: Crawl Space; Full; Unfinished Basement Entry: Interior Foundation Materials: Granite Exterior: Vinyl Siding Roof: Flat; Membrane Heat System: Direct Vent Heater Heat Fuel: Gas Natural Water Heater: Gas; Off Heating System; Separate Booster Cooling: None Floors: Tile; Vinyl; Wood Window Features: Double Pane Windows Amenities: Laundry - Coin; One-Floor Living Patio and Porch Features: Deck Equipment: Cable Driveway: Paved Parking: 11 - 20 Spaces; Off Street; Paved Vehicle Storage: 1 Car; Detached Electric: Circuit Breakers Gas: Natural - On Site; Underground Sewer: Public Sewer Water: Public

Documents

IDX
Listing Office: Morrison Real Estate
Selling Office: Morrison Real Estate
Last Updated: January - 06 - 2025
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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