55 Atlantic Street, Portland, ME 04101

$2,275,000
Property Type: Multi-Family Baths: 8 Square Footage: 7,256 Lot Size (sq. ft.): 5,227 Status: Closed
Current Price: $2,275,000 List Date: 3/27/2025 Last Modified: 5/30/2025

Description

This is a unicorn in Portland real estate: a brick eight-unit on Munjoy Hill. Equally rare is that all of the units have been largely rebuilt with sheet rock, new wiring, plumbing, kitchens, baths and a sprinkler system in 2017. Other features include: side decks for 3 units, a laundry room, storage area, large brick patio, and two lanes of parking.

Supplements: ********

More Information MLS# 1617231

Location Information

Book: 36502 Leased Land: No Page: 289 Map: 16 Block: B Lot: 22 Zoning Overlay: Unknown Association: No School District: Portland Public Schools Street #: 55 Street Name: Atlantic Street Type: Street County: Cumberland Town: Portland State/Province: ME Zip Code: 04101 Zoning: R6 Full Tax Amount $: 20197 Tax Year: 2024 Geo Lat: 43.665509 Geo Lon: -70.245024

Property Information

Surveyed: Unknown Seasonal: No Number of Units: 8 Deed/Conveyance Type Offered: Quit Claim Lot Size Acres +/-: 0.12 Total Baths: 8 Total Half Baths: 0 SqFt Finished Above Grade: 7256 SqFt Finished Below Grade: 0 SqFt Source: Public Records Garage: No Total Full Baths: 8 Year Built: 1900 SqFt Finished Total: 7256 Source of Acreage: Public Records

Site

Sidewalks: 1

Location

Business District: 1 Intown: 1 Near Shopping: 1 Near Turnpike/Interstate: 1

Roads

Paved: 1 Public: 1

Water Info

Water Frontage: No Water View: No

Style

Federal: 1

Construction

Wood Frame: 1

Basement

Full: 1 Walk-Out Access: 1

Exterior

Brick: 1

Roof

Flat: 1 Shingle: 1

Heat System

Baseboard: 1 Hot Water: 1 Zoned: 1

Heat Fuel

Gas Natural: 1

Income & Expenses

Gross Income: 198823 Operating Expenses: 46637

Cooling

None: 1

Floors

Carpet: 1 Laminate: 1 Wood: 1

Units

# of 1 BD Units: 6 # of 2 BD Units: 2

Parking

1 - 4 Spaces: 1

Unit 1

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1617 # Full Baths: 1 # of Rooms: 4 # 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: Yes Level: First Security Deposit: Yes Monthly Rent: 2022 # Full Baths: 1 # of Rooms: 4 # 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: Yes Level: Second Security Deposit: Yes Monthly Rent: 1897 # Full Baths: 1 # of Rooms: 4 # 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 - At Street: 1

Unit 4

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 2061 # Full Baths: 1 # of Rooms: 4 # 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: Yes Level: Third Security Deposit: Yes Monthly Rent: 1710 # Full Baths: 1 # of Rooms: 4 # 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

Unit 6

Lease: Yes Level: Third Security Deposit: Yes Monthly Rent: 2065 # Full Baths: 1 # of Rooms: 4 # 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

Unit 7

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 2654 # Full Baths: 1 # of Rooms: 5 # 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 8

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 2330 # Full Baths: 1 # of Rooms: 5 # 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

Driveway

Paved: 1

Basement Entry

Interior: 1

Water Heater

Off Heating System: 1

Amenities

Laundry - Coin: 1 Sprinkler: 1

Patio and Porch Features

Patio: 1

Vehicle Storage

No Vehicle Storage: 1

Contract Information

Status: Closed Original List Price: 2200000 Sold Price: $2,275,000 Current Price: $2,275,000

Status Change Info

Pending Date: 2025-04-04 Closed Date: 2025-05-30 Closed Price: 2275000

Property Features

Site: Sidewalks Location: Business District; Intown; Near Shopping; Near Turnpike/Interstate Roads: Paved; Public Style: Federal Construction: Wood Frame Basement: Full; Walk-Out Access Basement Entry: Interior Exterior: Brick Roof: Flat; Shingle Heat System: Baseboard; Hot Water; Zoned Heat Fuel: Gas Natural Water Heater: Off Heating System Cooling: None Floors: Carpet; Laminate; Wood Amenities: Laundry - Coin; Sprinkler Patio and Porch Features: Patio Driveway: Paved Parking: 1 - 4 Spaces Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Natural - At Street Sewer: Public Sewer Water: Public

Documents

Listing Office: Vitalius Real Estate Group, LLC
IDX
Last Updated: May - 30 - 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