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 ... (Read more)

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

Status Change Info

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

Water Info

Waterfront: 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

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

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 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

Deed Public Access ›

Property Disclosure Public Access ›

Income & Expenses ›

Survey ›

Listing Office: Morrison Real Estate

Selling Office: Morrison Real Estate

Last Updated: January - 06 - 2025

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