531 & 535 Cumberland Avenue, Portland, ME 04101

$1,900,000
Property Type: Multi-Family Baths: 12 Square Footage: 7,720 Lot Size (sq. ft.): 10,890 Status: Closed
Current Price: $1,900,000 List Date: 12/27/2022 Last Modified: 1/13/2025

Description

Excellent Condition 2-Building apartment complex with ample parking on the edge of Portland's West End. 531 Cumberland is a 5-unit building comprised of a large first-floor 3 bedroom unit and four 1-bedroom units on the upper levels. 535 Cumberland is a 7-unit building with seven 1-bedroom units., storage lockers and laundry room. Large parking lot with 16 spaces. Rarely does a property come on the market this well maintained. Current owner has replaced roofs, boilers and windows, as well as remodeled most apartments and hallways. Units are full of historic charm including original wood floors and moldings, stairwells, etc. Excellent peninsula location within walking distance to the Congress Street corridor, Maine Med, Deering Oaks Park and even the Old Port. Also Listed Commercial MLS# 1543025

Supplements: ********

More Information MLS# 1542944

Location Information

Book: 17526 Leased Land: No Page: 218-219, 233-234 Map: 48 Lot: E22, E23 Zoning Overlay: Unknown Association: No Street #: 531 & 535 Street Name: Cumberland Street Type: Avenue County: Cumberland Town: Portland State/Province: ME Zip Code: 04101 Zip +4: 2100 Zoning: R6 Full Tax Amount $: 24142 Tax Year: 2022 Geo Lat: 43.654826 Geo Lon: -70.271025

Property Information

Surveyed: Unknown Seasonal: No Number of Units: 12 Deed/Conveyance Type Offered: Warranty Lot Size Acres +/-: 0.25 Total Baths: 12 Total Half Baths: 0 Color: Yellow, Beige SqFt Finished Above Grade: 6868 SqFt Finished Below Grade: 852 SqFt Source: Public Records Garage: No Garage Spaces: 0 Total Full Baths: 12 Year Built: 1910 SqFt Finished Total: 7720 Source of Acreage: Public Records

Site

Level: 1 Sidewalks: 1

Location

Intown: 1

Roads

Paved: 1 Public: 1

Transportation

Public Transport Access: 1

Water Info

Water Frontage: No Water View: No

Style

New Englander: 1 Victorian: 1

Construction

Wood Frame: 1

Basement

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

Foundation Materials

Brick/Mortar: 1 Stone: 1

Exterior

Vinyl Siding: 1

Roof

Pitched: 1 Shingle: 1

Heat System

Steam: 1

Building Info

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

Heat Fuel

Gas Natural: 1

Income & Expenses

Gross Income: 174204 Operating Expenses: 48690

Cooling

None: 1

Floors

Carpet: 1 Tile: 1 Wood: 1

Units

# of 1 BD Units: 11 # of 3 BD Units: 1

Parking

11 - 20 Spaces: 1 Off Street: 1 On Site: 1

Unit 1

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 2200 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 3 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: 835 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes 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: 1100 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes 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: Third Security Deposit: Yes Monthly Rent: 950 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes 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: 1050 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes 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: 1200 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 7

Lease: No Level: First Security Deposit: Yes Monthly Rent: 1300 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 8

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1025 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 9

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 10

Lease: No Level: Third Security Deposit: Yes Monthly Rent: 1100 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 11

Lease: No Level: Third Security Deposit: Yes Monthly Rent: 1100 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 12

Lease: Yes Level: Basement Security Deposit: Yes Monthly Rent: 1075 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Driveway

Gravel: 1

Sold Info

Appraiser Email Address: jessica@mainelandconsultants.com

Restrictions

No Restrictions: 1

Basement Entry

Bulkhead: 1 Interior: 1

Water Heater

Off Heating System: 1

Window Features

Double Pane Windows: 1

Amenities

Laundry - Coin: 1

Patio and Porch Features

Deck: 1

Equipment

Cable: 1 Internet Access Available: 1

Vehicle Storage

No Vehicle Storage: 1

Contract Information

Status: Closed Original List Price: 2100000 Sold Price: $1,900,000 Current Price: $1,900,000

Status Change Info

Pending Date: 2023-01-10 Closed Date: 2023-03-15 Closed Price: 1900000

Property Features

Site: Level; Sidewalks Location: Intown Roads: Paved; Public Transportation: Public Transport Access Style: New Englander; Victorian Construction: Wood Frame Basement: Finished; Full; Unfinished; Walk-Out Access Basement Entry: Bulkhead; Interior Foundation Materials: Brick/Mortar; Stone Exterior: Vinyl Siding Roof: Pitched; Shingle Heat System: Steam Heat Fuel: Gas Natural Water Heater: Off Heating System Cooling: None Floors: Carpet; Tile; Wood Window Features: Double Pane Windows Amenities: Laundry - Coin Patio and Porch Features: Deck Equipment: Cable; Internet Access Available Driveway: Gravel Parking: 11 - 20 Spaces; Off Street; On Site Vehicle Storage: No Vehicle Storage Restrictions: No Restrictions Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public

Documents

Listing Office: Town & Shore Real Estate
IDX
Last Updated: January - 13 - 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 ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
Search powered by FBS Products