272 State Street, Portland, ME 04101

$1,300,000
Property Type: Multi-Family Baths: 7 Square Footage: 4,454 Lot Size (sq. ft.): 5,227 Status: Closed
Current Price: $1,300,000 List Date: 12/01/2023 Last Modified: 5/21/2025

Description

This impressive Parkside, brick 7-unit property is a testament to timeless elegance. As you approach, the stately presence of the building captures your attention, showcasing the enduring beauty of its architecture. The classic slate roof adds a touch of durability and tradition, setting the tone for what lies within. The interior exudes character and charm and is a mix of old and new respecting the historical essence while ensuring a comfortable and contemporary living experience for all. For your convenience, a large lot provides ample off-street parking—a rare find in this historic district. The solid rental history speaks volumes about the desirability of this property. Presently, all seven units are occupied by responsible tenants, ensuring a steady and reliable income stream. To add to the appeal, tenants manage their own electric expenses. This is a piece of Portland's rich heritage ready to become a new chapter in your real estate story.

Supplements: ********

More Information MLS# 1578491

Location Information

Book: 26731 Leased Land: No Page: 322 Map: 48 Block: D Lot: 12 Zoning Overlay: Unknown Association: No Street #: 272 Street Name: State Street Type: Street County: Cumberland Town: Portland State/Province: ME Zip Code: 04101 Zip +4: 2349 Zoning: R6 Full Tax Amount $: 12151 Tax Year: 2022 Geo Lat: 43.656252 Geo Lon: -70.268454

Property Information

Surveyed: Unknown Seasonal: No Number of Units: 7 Lot Size Acres +/-: 0.12 Total Baths: 7 Total Half Baths: 0 SqFt Finished Above Grade: 4454 SqFt Finished Below Grade: 0 SqFt Source: Public Records Garage: No Garage Spaces: 0 Total Full Baths: 7 Year Built: 1894 SqFt Finished Total: 4454 Source of Acreage: Public Records

Site

Level: 1 Sidewalks: 1

Location

Historic District: 1 Intown: 1 Near Shopping: 1 Near Turnpike/Interstate: 1 Neighborhood: 1

Roads

Paved: 1 Public: 1

Water Info

Water Frontage: No Water View: No

Style

Other: 1

Construction

Masonry: 1

Basement

Full: 1

Foundation Materials

Brick/Mortar: 1

Exterior

Brick: 1

Roof

Slate: 1

Heat System

Hot Water: 1

Heat Fuel

Gas Natural: 1

Income & Expenses

Gross Income: 112380 Operating Expenses: 25487

Cooling

None: 1

Floors

Tile: 1 Wood: 1

Units

# of 1 BD Units: 7

Parking

5 - 10 Spaces: 1

Unit 1

Lease: No Level: First Security Deposit: Yes Monthly Rent: 1326 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Electric

Circuit Breakers: 1

Unit 2

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1384 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: No Water: No

Utilities

Utilities On: Yes

Unit 3

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1540 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Gas

Natural - On Site: 1

Unit 4

Lease: Yes Level: Third Security Deposit: Yes Monthly Rent: 1152 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No 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: Third Security Deposit: Yes Monthly Rent: 1230 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Water

Public: 1

Unit 6

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1556 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 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 7

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1144 # Full Baths: 1 # of Rooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Driveway

Common: 1 Gravel: 1 Paved: 1

Sold Info

Appraiser Email Address: windham1941@gmail.com

Basement Entry

Bulkhead: 1

Water Heater

Off Heating System: 1

Vehicle Storage

No Vehicle Storage: 1

Contract Information

Status: Closed Original List Price: 1500000 Sold Price: $1,300,000 Current Price: $1,300,000

Status Change Info

Pending Date: 2023-12-10 Closed Date: 2024-01-18 Closed Price: 1300000

Property Features

Site: Level; Sidewalks Location: Historic District; Intown; Near Shopping; Near Turnpike/Interstate; Neighborhood Roads: Paved; Public Style: Other Construction: Masonry Basement: Full Basement Entry: Bulkhead Foundation Materials: Brick/Mortar Exterior: Brick Roof: Slate Heat System: Hot Water Heat Fuel: Gas Natural Water Heater: Off Heating System Cooling: None Floors: Tile; Wood Driveway: Common; Gravel; Paved Parking: 5 - 10 Spaces Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public

Documents

Listing Office: Townsend Real Estate
IDX
Last Updated: May - 21 - 2025
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