32 Clemons Street, South Portland, ME 04106
$1,395,000
Property Type:
Multi-Family
Baths:
6
Square Footage:
3,990
Lot Size (sq. ft.):
26,136
Status:
Active
Current Price:
$1,395,000
List Date:
6/02/2026
Last Modified:
6/11/2026
Overview
Description
...
(Read more)
Rare opportunity to acquire an exceptional five-unit multifamily property in one of South Portland's most desirable neighborhoods. Set on approximately 0.60 acres, this offering combines strong current income, value-add potential, and an attractive owner-occupied opportunity.
The property has been meticulously maintained with extensive capital improvements, including roofing, a rebuilt front fire escape and deck system, electrical upgrades, an efficient natural gas heating system, exterior improvements, and a beautiful brick patio. This is a true turnkey asset with a level of care rarely found in today's multifamily market.
The owner's residence features a townhouse-style layout with expansive living areas, flexible bonus space, a barn, and a stunning great room above. Enjoy views toward the Portland skyline and Casco Bay from the private deck, while large windows provide abundant natural light.
The grounds include a circular driveway, mature gardens, green space, and a detached one-car garage. The generous lot offers a setting rarely found this close to Portland and South Portland amenities, with potential future expansion or redevelopment opportunities.
The property consists of three one-bedroom apartments, one studio apartment, and a spacious two-bedroom owner's unit. Current rents are below market, providing immediate upside potential. Tenants pay their own electricity, while the owner provides heat and hot water through an efficient natural gas boiler.
With approximately $88,000 in net operating income and a 6.4% cap rate, this property offers stable cash flow, strong tenant profiles, and long-term upside. Whether seeking a quality investment, owner-occupied multifamily, or future development opportunity, 32 Clemons Street is one of Greater Portland most compelling offerings.
Listing Details MLS# 1665032
Location Information
- Street #
- 32
- Street Name
- Clemons
- Street Type
- Street
- County
- Cumberland
- Town
- South Portland
- State/Province
- ME
- Zip Code
- 04106
- Zip +4
- 3736
- Leased Land
- No
- Book
- 23551
- Page
- 0292
- Map
- 014
- Lot
- 020
- Zoning
- RA
- Zoning Overlay
- Unknown
- Neighborhood Association
- Meetinghouse Hill Neighborhood
- Association
- No
- School District
- South Portland Public Schools
- Full Tax Amount $
- 11636
- Tax Year
- 2026
- Tree Growth Y/N
- No
- Entrance Fee
- 0
Contract Information
- Original List Price
- 1395000
Property Information
- Surveyed
- Unknown
- Seasonal
- No
- Owner Occupied
- Yes
- Deed/Conveyance Type Offered
- Warranty
- Deed
- All
- Deed Restrictions
- Unknown
- Bank Owned REO
- No
- 2 Detached Houses on 1 Lot
- No
- Number of Units
- 5
- Total Baths
- 6
- Total Full Baths
- 6
- Color
- White
- Year Built
- 1930
- SqFt Finished Above Grade
- 3990
- SqFt Finished Total
- 3990
- SqFt Source
- Public Records
- Garage
- Yes
- Garage Spaces
- 3
- Lot Size Acres +/-
- 0.6
- Source of Acreage
- Public Records
- Total Half Baths
- 0
- SqFt Finished Below Grade
- 0
Water Info
- Water Frontage
- No
- Water View
- Yes
- Water Body Name
- Portland Harbor/Casco Bay
Units
- # of 1 BD Units
- 4
- # of 2 BD Units
- Yes
Unit 1
- Lease
- Yes
- Level
- First
- Security Deposit
- Yes
- Monthly Rent
- 1500
- # 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
More Information
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
- No
- Dedicated Water Heater
- No
- Electric
- No
- Heat
- No
- Range
- No
- Refrigerator
- Yes
- Sewer
- Yes
- Water
- Yes
Unit 3
- Lease
- No
- Level
- Second
- Security Deposit
- No
- Monthly Rent
- 3500
- # Full Baths
- 2
- # of Rooms
- 6
- # of Bedrooms
- 2
- Dedicated Electric Meter
- Yes
- Dedicated Gas Meter
- Yes
- Dedicated Water Heater
- No
- Electric
- Yes
- Heat
- Yes
- Range
- Yes
- Refrigerator
- Yes
- Sewer
- Yes
- Water
- Yes
Unit 4
- Lease
- Yes
- Level
- Second
- Security Deposit
- Yes
- Monthly Rent
- 1500
- # Full Baths
- Yes
- # of Rooms
- 2
- # of Bedrooms
- Yes
- Dedicated Electric Meter
- Yes
- Dedicated Gas Meter
- No
- Dedicated Water Heater
- No
- Electric
- Yes
- Heat
- No
- Range
- Yes
- Refrigerator
- Yes
- Water
- Yes
- Sewer
- Yes
Unit 5
- Lease
- Yes
- Level
- Third
- Security Deposit
- Yes
- Monthly Rent
- 1350
- # Full Baths
- Yes
- # of Rooms
- 3
- # of Bedrooms
- Yes
- Dedicated Electric Meter
- Yes
- Dedicated Gas Meter
- No
- Dedicated Water Heater
- No
- Electric
- No
- Heat
- No
- Range
- Yes
- Refrigerator
- Yes
- Sewer
- Yes
- Water
- Yes
Vehicle Storage
- Attached
- Yes
- 3 Car
- Yes
- Detached
- Yes
- Direct Entry to Living
- Yes
Utilities
- Utilities On
- Yes
Levels
- Multi-Level
- Yes
Site
- Open
- Yes
- Rolling/Sloping
- Yes
- Well Landscaped
- Yes
Location
- Interior Lot
- Yes
- Near Country Club
- Yes
- Near Golf Course
- Yes
- Near Public Beach
- Yes
- Near Railroad
- Yes
- Near Shopping
- Yes
- Near Town
- Yes
- Near Turnpike/Interstate
- Yes
- Neighborhood
- Yes
- Suburban
- Yes
Roads
- Paved
- Yes
- Public
- Yes
Transportation
- Major Road Access
- Yes
- Near Airport
- Yes
- Public Transport Access
- Yes
Water Body Type
- Harbor
- Yes
- Ocean
- Yes
Recreational Water
- Nearby
- Yes
- Public
- Yes
Style
- New Englander
- Yes
Construction
- Wood Frame
- Yes
Other Structures
- Barn(s)
- Yes
- Outbuilding
- Yes
Basement
- Full
- Yes
- Unfinished
- Yes
View
- Scenic
- Yes
Foundation Materials
- Brick/Mortar
- Yes
- Stone
- Yes
Exterior
- Vinyl Siding
- Yes
Roof
- Pitched
- Yes
- Shingle
- Yes
Heat System
- Baseboard
- Yes
- Hot Water
- Yes
Energy Efficiency
- Ceiling Fans
- Yes
Heat Fuel
- Gas Natural
- Yes
Income & Expenses
- Gross Income
- 114600
- Operating Expenses
- 25792
Cooling
- None
- Yes
Floors
- Carpet
- Yes
- Hardwood
- Yes
- Tile
- Yes
- Vinyl
- Yes
- Wood
- Yes
Parking
- 11 - 20 Spaces
- Yes
- Off Street
- Yes
- On Site
- Yes
- Paved
- Yes
Electric
- Circuit Breakers
- Yes
Gas
- Natural - On Site
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public
- Yes
Driveway
- Paved
- Yes
Restrictions
- Other Restrictions
- Yes
Basement Entry
- Interior
- Yes
Water Heater
- Gas
- Yes
- On Demand
- Yes
Amenities
- 1st Floor Bedroom
- Yes
- Bathtub
- Yes
- One-Floor Living
- Yes
- Other
- Yes
Patio and Porch Features
- Deck
- Yes
- Patio
- Yes
- Porch
- Yes
Equipment
- Cable
- Yes
- Internet Access Available
- Yes
Property Features
Site:
Open; Rolling/Sloping; Well Landscaped
Location:
Interior Lot; Near Country Club; Near Golf Course; Near Public Beach; Near Railroad; Near Shopping; Near Town; Near Turnpike/Interstate; Neighborhood; Suburban
Roads:
Paved; Public
Transportation:
Major Road Access; Near Airport; Public Transport Access
Water Body Type:
Harbor; Ocean
Recreational Water:
Nearby; Public
View:
Scenic
Style:
New Englander
Levels:
Multi-Level
Construction:
Wood Frame
Other Structures:
Barn(s); Outbuilding
Basement:
Full; Unfinished
Basement Entry:
Interior
Foundation Materials:
Brick/Mortar; Stone
Exterior:
Vinyl Siding
Roof:
Pitched; Shingle
Heat System:
Baseboard; Hot Water
Heat Fuel:
Gas Natural
Water Heater:
Gas; On Demand
Cooling:
None
Floors:
Carpet; Hardwood; Tile; Vinyl; Wood
Amenities:
1st Floor Bedroom; Bathtub; One-Floor Living; Other
Patio and Porch Features:
Deck; Patio; Porch
Equipment:
Cable; Internet Access Available
Energy Efficiency:
Ceiling Fans
Driveway:
Paved
Parking:
11 - 20 Spaces; Off Street; On Site; Paved
Vehicle Storage:
3 Car; Detached; Direct Entry to Living
Restrictions:
Other Restrictions
Electric:
Circuit Breakers
Gas:
Natural - On Site
Sewer:
Public Sewer
Water:
Public
IDX
Listing Office:
Benchmark Real Estate
Last Updated: June - 11 - 2026
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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