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

Overview

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.

Listing Details MLS# 1617231

Location Information

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

Contract Information

Original List Price: 2200000

Property Information

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

Status Change Info

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

Water Info

Water Frontage: No
Water View: No

Units

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

More Information

Unit 1

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1617
# Full Baths: Yes
# of Rooms: 4
# 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

Unit 2

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 2022
# Full Baths: Yes
# of Rooms: 4
# 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

Unit 3

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1897
# Full Baths: Yes
# of Rooms: 4
# 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

Unit 4

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 2061
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Water: Yes
Sewer: Yes

Unit 5

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

Unit 6

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

Unit 7

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 2654
# Full Baths: Yes
# 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: Yes
# 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

Utilities

Utilities On: Yes

Site

Sidewalks: Yes

Location

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

Roads

Paved: Yes
Public: Yes

Style

Federal: Yes

Construction

Wood Frame: Yes

Basement

Full: Yes
Walk-Out Access: Yes

Exterior

Brick: Yes

Roof

Flat: Yes
Shingle: Yes

Heat System

Baseboard: Yes
Hot Water: Yes
Zoned: Yes

Heat Fuel

Gas Natural: Yes

Income & Expenses

Gross Income: 198823
Operating Expenses: 46637

Cooling

None: Yes

Floors

Carpet: Yes
Laminate: Yes
Wood: Yes

Parking

1 - 4 Spaces: Yes

Electric

Circuit Breakers: Yes

Gas

Natural - At Street: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Driveway

Paved: Yes

Basement Entry

Interior: Yes

Water Heater

Off Heating System: Yes

Amenities

Laundry - Coin: Yes
Sprinkler: Yes

Patio and Porch Features

Patio: Yes

Vehicle Storage

No Vehicle Storage: Yes

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

FEMA Flood Map ›

Deed Public Access ›

Property Disclosure Public Access ›

Property Brochure ›

Lead Paint Addendum Public Access ›

IDX

Listing Office: Vitalius Real Estate Group, LLC

Selling Office: Keller Williams Realty

Last Updated: May - 30 - 2025

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