44 Deering Street, Portland, ME 04101

$1,245,000
Property Type: Multi-Family Baths: 5 Square Footage: 3,114 Lot Size (sq. ft.): 2,614 Status: Closed
Current Price: $1,245,000 List Date: 1/19/2024 Last Modified: 1/17/2025

Description

This impressive brick five-unit residence, stands proudly on the sought-after Deering St. Meticulously maintained, the property boasts remarkable quality, significant updates, and abundant opportunities. Nestled on historic Deering St, surrounded by grand single-family homes and row houses, it offers the epitome of in-town living on a tranquil tree-lined street. Close to all that Portland has to offer, this property provides an unparalleled combination of walkability, bikeability, and rentability. Each of the five units comprises one bedroom and one bath, featuring great natural light and a wealth of period charm. Whether seeking a low-stress addition to an investment portfolio, exploring condo conversion potential, or considering owner occupancy, this property fits the bill. The seller has demonstrated a commitment to stewardship, evident in the super-efficient heating system and well-maintained exterior. While the owner covers heat and hot water expenses, electric costs are borne by renters. Ample street parking is available, with potential rental spaces in adjacent lots and a parking garage within three blocks. Two units have been intentionally left vacant, presenting an enticing opportunity for the next owner. Photos are of Unit #5

Supplements: ********

More Information MLS# 1580731

Location Information

Book: 40099 Leased Land: No Page: 270 Map: 47 Block: C Lot: 13 Zoning Overlay: No Association: No Street #: 44 Street Name: Deering Street Type: Street County: Cumberland Town: Portland State/Province: ME Zip Code: 04101 Zip +4: 2267 Zoning: R6 Neighborhood Association: Parkside Full Tax Amount $: 11793.14 Tax Year: 2024 Geo Lat: 43.653983 Geo Lon: -70.268254

Property Information

Surveyed: Unknown Seasonal: No Owner Occupied: No Number of Units: 5 Deed: All Lot Size Acres +/-: 0.06 Total Baths: 5 Total Half Baths: 0 Color: Brick Road Frontage: No SqFt Finished Above Grade: 3114 SqFt Finished Below Grade: 0 SqFt Source: Public Records Garage: No Garage Spaces: 0 Total Full Baths: 5 Year Built: 1900 SqFt Finished Total: 3114 Source of Acreage: Public Records

Site

Level: 1 Open: 1 Sidewalks: 1 Well Landscaped: 1

Location

Historic District: 1 Intown: 1 Near Country Club: 1 Near Golf Course: 1 Near Public Beach: 1 Near Shopping: 1 Near Turnpike/Interstate: 1 Neighborhood: 1

Roads

Paved: 1 Public: 1

Transportation

Major Road Access: 1 Near Airport: 1 Public Transport Access: 1 Rail Available: 1

Water Info

Water Frontage: No Water View: No

Recreational Water

Nearby: 1 Public: 1

Style

Row-End: 1

Construction

Masonry: 1

Basement

Full: 1 Unfinished: 1 Walk-Out Access: 1

Foundation Materials

Brick/Mortar: 1 Stone: 1

Exterior

Brick: 1

Roof

Membrane: 1 Slate: 1

Heat System

Baseboard: 1 Hot Water: 1 Radiator: 1 Zoned: 1

Building Info

# Fireplaces: 2 # Stories: 3 # Floors: 3 # Heating Units: 1

Heat Fuel

Gas Natural: 1

Income & Expenses

Gross Income: 95088 Operating Expenses: 23268

Cooling

None: 1

Floors

Laminate: 1 Tile: 1 Wood: 1

Units

# of 1 BD Units: 5

Parking

No Parking: 1

Unit 1

Lease: No Level: First Security Deposit: No Monthly Rent: 0 # Full Baths: 1 # of Rooms: 2 # 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: First Security Deposit: Yes Monthly Rent: 1375 # 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

Utilities

Utilities On: Yes

Unit 3

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1600 # 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: No Level: Second Security Deposit: Yes Monthly Rent: 1475 # 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: No Monthly Rent: 0 # 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

Driveway

No Driveway: 1

Basement Entry

Interior: 1

Water Heater

Off Heating System: 1 Tank: 1

Amenities

1st Floor Bedroom: 1 Attic: 1 Bathtub: 1 Laundry - Coin: 1 One-Floor Living: 1 Other Amenities: 1 Shower: 1 Storage: 1

Vehicle Storage

No Vehicle Storage: 1

Contract Information

Status: Closed Original List Price: 1299000 Sold Price: $1,245,000 Current Price: $1,245,000

Status Change Info

Pending Date: 2024-02-28 Closed Date: 2024-03-28 Closed Price: 1245000

Property Features

Site: Level; Open; Sidewalks; Well Landscaped Location: Historic District; Intown; Near Country Club; Near Golf Course; Near Public Beach; Near Shopping; Near Turnpike/Interstate; Neighborhood Roads: Paved; Public Transportation: Major Road Access; Near Airport; Public Transport Access; Rail Available Recreational Water: Nearby; Public Style: Row-End Construction: Masonry Basement: Full; Unfinished; Walk-Out Access Basement Entry: Interior Foundation Materials: Brick/Mortar; Stone Exterior: Brick Roof: Membrane; Slate Heat System: Baseboard; Hot Water; Radiator; Zoned Heat Fuel: Gas Natural Water Heater: Off Heating System; Tank Cooling: None Floors: Laminate; Tile; Wood Amenities: 1st Floor Bedroom; Attic; Bathtub; Laundry - Coin; One-Floor Living; Other Amenities; Shower; Storage Driveway: No Driveway Parking: No Parking 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 - 17 - 2025
Broker Attribution: (207) 232-8877

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