27 Morning Street, Portland, ME 04101

$1,550,000

Virtual Tour

https://www.propertypanorama.com/instaview/mreis/1449460

Property Type: Multi-Family Baths: 6 Square Footage: 6,524 Lot Size (sq. ft.): 2,178 Status: Closed

Current Price: $1,550,000 List Date: 9/30/2020 Last Modified: 1/03/2025

Overview

Description

Earn cash flow + appreciation with this nice 6 unit apartment building that has had many upgrades and is in good condition. Offering (3) 1 Bedrooms and (3) 2 Bedroom units w/ parking, private decks and amazing water views of the Islands and the Eastern Promenade! Yearly gross income: $126,000 w/ separate electric, newer natural gas boilers and rubber roof . This building is an excellent candidate for a 1031 exchange, Air BnB or take the whole top floor and rent (4) units out.. Why buy a condo when you can have this income producing property!!

Listing Details MLS# 1449460

Location Information

Street #: 27
Street Name: Morning
Street Type: Street
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04101
Zip +4: 4440
Leased Land: No
Book: 35794
Page: 270
Map: 3
Block: C
Lot: 16
Zoning: R-6
Zoning Overlay: No
Association: No
Full Tax Amount $: 9401
Tax Year: 2019

Contract Information

Original List Price: 1695000

Property Information

Surveyed: Unknown
Seasonal: No
Number of Units: 6
Total Baths: 6
Total Full Baths: 6
Color: Blue
Year Built: 1915
SqFt Finished Above Grade: 6524
SqFt Finished Total: 6524
SqFt Source: Public Records
Garage: No
Lot Size Acres +/-: 0.05
Source of Acreage: Public Records
Road Frontage: No
Total Half Baths: 0
SqFt Finished Below Grade: 0
Garage Spaces: 0

Status Change Info

Pending Date: 2020-10-15
Closed Date: 2021-02-05
Closed Price: 1550000

Water Info

Water Frontage: No
Water View: Yes
Water Body Name: Casco Bay

Building Info

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

More Information

Units

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

Unit 1

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1750
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: No
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2

Lease: No
Level: Second
Security Deposit: No
Monthly Rent: 1850
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: No
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3

Lease: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 1950
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: No
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 4

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

Unit 5

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1600
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: Yes
Dedicated Electric Meter: No
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 6

Lease: No
Level: Third
Security Deposit: No
Monthly Rent: 3500
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: Yes
Dedicated Electric Meter: No
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Utilities

Utilities On: Yes

Sold Info

Appraiser Email Address: somaineapp@yahoo.com

Site

Level: Yes
Sidewalks: Yes

Location

Near Country Club: Yes
Near Shopping: Yes
Neighborhood: Yes

Roads

Paved: Yes
Public: Yes

Water Body Type

Bay: Yes

Recreational Water

Nearby: Yes

Style

Other: Yes

Construction

Wood Frame: Yes

Basement

Full: Yes
Unfinished: Yes

Exterior

Vinyl Siding: Yes

Roof

Membrane: Yes

Heat System

Steam: Yes

Heat Fuel

Gas Natural: Yes

Income & Expenses

Gross Income: 126000
Operating Expenses: 18975

Cooling

None: Yes

Floors

Vinyl: Yes
Wood: Yes

Parking

Off Street: Yes

Electric

Circuit Breakers: Yes

Gas

Natural - On Site: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Driveway

Paved: Yes

Basement Entry

Bulkhead: Yes

Water Heater

Gas: Yes

Amenities

1st Floor Bedroom: Yes
Bathtub: Yes
Laundry - Coin: Yes

Equipment

Cable: Yes

Property Features

Site: Level; Sidewalks Location: Near Country Club; Near Shopping; Neighborhood Roads: Paved; Public Water Body Type: Bay Recreational Water: Nearby Style: Other Construction: Wood Frame Basement: Full; Unfinished Basement Entry: Bulkhead Exterior: Vinyl Siding Roof: Membrane Heat System: Steam Heat Fuel: Gas Natural Water Heater: Gas Cooling: None Floors: Vinyl; Wood Amenities: 1st Floor Bedroom; Bathtub; Laundry - Coin Equipment: Cable Driveway: Paved Parking: Off Street Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public

Documents

Disclosures + LPA ›

IDX

Listing Office: F.O. Bailey Real Estate

Selling Office: Gardner Real Estate Group

Last Updated: January - 03 - 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.