280 Lincoln Street, South Portland, ME 04106

$1,400,000
Property Type: Multi-Family Baths: 7 Square Footage: 9,854 Lot Size (sq. ft.): 30,056 Status: Closed
Current Price: $1,400,000 List Date: 8/07/2024 Last Modified: 2/05/2025

Overview

Description

Located in South Portland's Ligonia neighborhood, this is a unique opportunity to purchase a turnkey 7-unit residential apartment building and a 5,582 SF flex building, currently with 7-commercial tenants. The apartment building is in great condition, with many renovated units, two newer boilers, a brand-new deck, fresh paint and replacement windows. The flex building is divided into 7 studios/workshops, currently occupied by long term artists and ''maker'' tenants on an at-will basis. The owner occupies one of the commercial units as a workshop and can either remain as a tenant or vacate for a new owner. This property is ideal as a fully occupied investment or for an owner-user seeking shop space while offsetting occupancy costs with rental income.

Listing Details MLS# 1599566

Location Information

Street #
280
Street Name
Lincoln
Street Type
Street
County
Cumberland
Town
South Portland
State/Province
ME
Zip Code
04106
Zip +4
3534
Leased Land
No
Book
60158
Page
0140
Map
032
Lot
106
Zoning
A
Zoning Overlay
No
Association
No
Full Tax Amount $
13892
Tax Year
2024

Contract Information

Original List Price
1575000

Property Information

Surveyed
No
Seasonal
No
Number of Units
14
Total Baths
7
Total Full Baths
7
Year Built
1900
SqFt Finished Above Grade
9854
SqFt Finished Total
9854
SqFt Source
Public Records
Garage
No
Lot Size Acres +/-
0.69
Source of Acreage
Public Records
Total Half Baths
0
SqFt Finished Below Grade
0
Garage Spaces
0

Status Change Info

Pending Date
2024-11-04
Closed Date
2025-01-31
Closed Price
1400000

Water Info

Water Frontage
No
Water View
No

Units

# of 1 BD Units
12
# of 2 BD Units
2

More Information

Unit 1

Lease
Yes
Level
First
Security Deposit
Yes
Monthly Rent
1275
# Full Baths
Yes
# of Rooms
3
# of Bedrooms
Yes
Dedicated Electric Meter
No
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
No
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 2

Lease
Yes
Level
First
Security Deposit
Yes
Monthly Rent
1200
# Full Baths
Yes
# of Rooms
3
# of Bedrooms
Yes
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 3

Lease
Yes
Level
Second
Security Deposit
Yes
Monthly Rent
1500
# Full Baths
Yes
# of Rooms
4
# of Bedrooms
2
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 4

Lease
Yes
Level
First
Security Deposit
Yes
Monthly Rent
1300
# Full Baths
Yes
# of Rooms
3
# of Bedrooms
Yes
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
Yes
Heat
Yes
Range
Yes
Refrigerator
Yes
Water
Yes
Sewer
Yes

Unit 5

Lease
Yes
Level
Second
Security Deposit
Yes
Monthly Rent
1200
# Full Baths
Yes
# of Rooms
3
# of Bedrooms
Yes
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 6

Lease
No
Level
Second
Security Deposit
No
# Full Baths
Yes
# of Rooms
4
# of Bedrooms
2
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
No
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes
Monthly Rent
0

Unit 7

Lease
Yes
Level
Second
Security Deposit
Yes
Monthly Rent
1300
# Full Baths
Yes
# of Rooms
3
# of Bedrooms
Yes
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 8

Lease
Yes
Level
First
Security Deposit
Yes
Monthly Rent
650
# of Rooms
Yes
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
No
Heat
No
Range
No
Refrigerator
No
Sewer
Yes
Water
Yes

Unit 9

Lease
Yes
Level
First
Security Deposit
Yes
Monthly Rent
975
# of Bedrooms
Yes
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
No
Heat
No
Range
No
Refrigerator
No
Sewer
Yes
Water
Yes

Unit 10

Lease
Yes
Level
Second
Security Deposit
Yes
# of Rooms
Yes
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
No
Heat
No
Range
No
Refrigerator
No
Sewer
Yes
Water
Yes
Monthly Rent
0

Unit 11

Lease
Yes
Level
First
Security Deposit
Yes
Monthly Rent
650
# of Rooms
Yes
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
No
Heat
No
Range
No
Refrigerator
No
Sewer
Yes
Water
Yes

Unit 12

Lease
Yes
Level
First
Security Deposit
Yes
Monthly Rent
350
# of Rooms
Yes
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
No
Heat
No
Range
No
Refrigerator
No
Sewer
Yes
Water
Yes

Unit 13

Lease
No
Level
First
Security Deposit
No
# of Rooms
Yes
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
No
Heat
No
Range
No
Refrigerator
No
Sewer
Yes
Water
Yes
Monthly Rent
0

Unit 14

Lease
Yes
Level
Second
Security Deposit
Yes
Monthly Rent
800
# of Rooms
Yes
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
No
Heat
No
Range
No
Refrigerator
No
Sewer
Yes
Water
Yes

Utilities

Utilities On
Yes

Sold Info

Appraiser Email Address
pcloutier@nea.cc

Site

Level
Yes
Open
Yes

Location

Near Town
Yes
Near Turnpike/Interstate
Yes

Roads

Paved
Yes
Public
Yes

Style

Other
Yes

Construction

Wood Frame
Yes

Levels

Multi-Level
Yes

Basement

Unfinished
Yes

Exterior

Clapboard
Yes
Vinyl Siding
Yes
Wood Siding
Yes

Roof

Flat
Yes
Shingle
Yes

Heat System

Baseboard
Yes

Heat Fuel

Gas Natural
Yes

Income & Expenses

Gross Income
162000
Operating Expenses
50823

Cooling

None
Yes

Floors

Concrete
Yes
Laminate
Yes

Parking

11 - 20 Spaces
Yes

Electric

Circuit Breakers
Yes

Gas

Natural - At Street
Yes

Sewer

Public Sewer
Yes

Water

Public
Yes

Driveway

Gravel
Yes
Paved
Yes

Basement Entry

Interior
Yes

Water Heater

Off Heating System
Yes

Vehicle Storage

No Vehicle Storage
Yes

Property Features

Site: Level; Open Location: Near Town; Near Turnpike/Interstate Roads: Paved; Public Style: Other Levels: Multi-Level Construction: Wood Frame Basement: Unfinished Basement Entry: Interior Exterior: Clapboard; Vinyl Siding; Wood Siding Roof: Flat; Shingle Heat System: Baseboard Heat Fuel: Gas Natural Water Heater: Off Heating System Cooling: None Floors: Concrete; Laminate Driveway: Gravel; Paved Parking: 11 - 20 Spaces Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Natural - At Street Sewer: Public Sewer Water: Public

Documents

IDX
Listing Office: Vitalius Real Estate Group, LLC
Selling Office: Keller Williams Realty
Last Updated: February - 05 - 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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