34 Deering Avenue, Portland, ME 04101

$970,000
Property Type: Multi-Family Baths: 4 Square Footage: 2,607 Lot Size (sq. ft.): 3,920 Status: Active
Current Price: $970,000 List Date: 7/17/2025 Last Modified: 1/16/2026

Description

Welcome to the heart of Portland, Maine! This 4-unit building located on the Portland peninsula is the perfect investment opportunity for those seeking to break into the thriving real estate market of this coastal city. Situated in a prime location, this property offers residents easy access to all that Portland has to offer. With a walkability score of 93 out of 100, you'll find that Maine Medical Center, the West End, and much of downtown are just steps away. The building itself features two one-bedroom and two two-bedroom apartments, each with individually metered natural gas heating systems and separate electrical services to each unit. With off-street parking available, tenants will appreciate the convenience and security of having a dedicated spot to park their vehicle. Whether you're looking to rent as is or bring your imagination to enhance the building, this property offers endless possibilities for growth and return on investment. Don't miss your chance to invest in this incredible opportunity on the Portland peninsula.

Supplements: ********

More Information MLS# 1630918

Location Information

Book: 38759 Leased Land: No Page: 331,332 Map: 53 Lot: C-27 Zoning Overlay: Unknown Association: No Tree Growth Y/N: No Street #: 34 Street Name: Deering Street Type: Avenue County: Cumberland Town: Portland State/Province: ME Zip Code: 04101 Zip +4: 2284 Zoning: R6 Full Tax Amount $: 8207.47 Tax Year: 2025 Geo Lat: 43.655052 Geo Lon: -70.273291

Property Information

Surveyed: Unknown Seasonal: No Number of Units: 4 Lot Size Acres +/-: 0.09 Total Baths: 4 Total Half Baths: 0 SqFt Finished Above Grade: 2607 SqFt Finished Below Grade: 0 Garage: No Garage Spaces: 0 Total Full Baths: 4 Year Built: 1894 SqFt Finished Total: 2607 Source of Acreage: Public Records

Site

Level: 1 Sidewalks: 1

Location

Near Shopping: 1 Near Town: 1 Near Turnpike/Interstate: 1 Neighborhood: 1

Roads

Public: 1

Water Info

Water Frontage: No Water View: No

Style

New Englander: 1

Construction

Wood Frame: 1

Basement

Full: 1

Foundation Materials

Stone: 1

Exterior

Vinyl Siding: 1

Roof

Shingle: 1

Heat System

Baseboard: 1 Hot Water: 1 Space Heater: 1

Heat Fuel

Gas Natural: 1

Income & Expenses

Gross Income: 83280 Operating Expenses: 21007

Cooling

None: 1

Floors

Carpet: 1 Laminate: 1 Other: 1 Wood: 1

Units

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

Parking

5 - 10 Spaces: 1 Off Street: 1 On Street: 1

Unit 1

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1800 # Full Baths: 1 # of Rooms: 4 # 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

Electric

Circuit Breakers: 1

Unit 2

Lease: Yes Level: Second Security Deposit: No Monthly Rent: 1250 # Full Baths: 1 # of Rooms: 2 # of Bedrooms: 1 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: Second Security Deposit: Yes Monthly Rent: 2000 # Full Baths: 1 # 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

Gas

Natural - On Site: 1

Unit 4

Lease: No Level: Third Security Deposit: No Monthly Rent: 1590 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Sewer

Public Sewer: 1

Water

Public: 1

Driveway

Common: 1

Basement Entry

Interior: 1

Water Heater

Off Heating System: 1

Amenities

1st Floor Bedroom: 1 Storage: 1

Vehicle Storage

No Vehicle Storage: 1

Contract Information

Status: Active Original List Price: 970000 List Price: $970,000 Current Price: $970,000

Property Features

Site: Level; Sidewalks Location: Near Shopping; Near Town; Near Turnpike/Interstate; Neighborhood Roads: Public Style: New Englander Construction: Wood Frame Basement: Full Basement Entry: Interior Foundation Materials: Stone Exterior: Vinyl Siding Roof: Shingle Heat System: Baseboard; Hot Water; Space Heater Heat Fuel: Gas Natural Water Heater: Off Heating System Cooling: None Floors: Carpet; Laminate; Other; Wood Amenities: 1st Floor Bedroom; Storage Driveway: Common Parking: 5 - 10 Spaces; Off Street; On Street Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public
Listing Office: Keller Williams Realty
IDX
Last Updated: January - 16 - 2026
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