56 Federal Street, Portland, ME 04101

$1,350,000

Property Type: Multi-Family Baths: 6 Square Footage: 6,672 Lot Size (sq. ft.): 3,485 Status: Closed

Current Price: $1,350,000 List Date: 6/19/2024 Last Modified: 1/18/2025

Overview

Description

Welcome to 56-58 Federal Street, ideally positioned between Portland's Munjoy Hill neighborhood and the Old Port area, right in the heart of the city's central business district. This six-unit property presents an exceptional investment opportunity in one of Portland's most coveted locations. Tenants cover their own heating and electricity expenses. The roof, featuring a durable rubber membrane, was replaced just five years ago, and a state-of-the-art on-demand hot water heater was installed in 2022. Imagine residing moments away from the Eastern Promenade, offering stunning vistas of Casco Bay, East End Beach, and a convenient boat launch, all seamlessly connected to the Eastern Trail. Nearby, within a half-mile radius, you'll find a vibrant array of neighborhood restaurants, cafes, music venues, and cultural hotspots. Maine Law School is located .5 mile away and USM and UNE are within 2 miles. Enjoy easy access to an eclectic mix of breweries, boutiques, and eateries that define Po ... (Read more)

Listing Details MLS# 1593947

Location Information

Street #: 56
Street Name: Federal
Street Type: Street
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04101
Zip +4: 4259
Leased Land: No
Book: 33080
Page: 278
Map: 20
Block: D
Lot: 9
Zoning: IS-FBC
Zoning Overlay: Yes
Association: No
Full Tax Amount $: 18541
Tax Year: 2023

Contract Information

Original List Price: 1499000

Property Information

Surveyed: Unknown
Seasonal: No
Owner Occupied: No
Deed/Conveyance Type Offered: Warranty
Deed: All
Bank Owned REO: No
2 Detached Houses on 1 Lot: No
Number of Units: 6
Total Baths: 6
Total Full Baths: 6
Color: Tan
Year Built: 1907
SqFt Finished Above Grade: 6672
SqFt Finished Total: 6672
SqFt Source: Public Records
Garage: No
Lot Size Acres +/-: 0.08
Source of Acreage: Public Records

Status Change Info

Pending Date: 2024-10-05
Closed Date: 2024-12-06
Closed Price: 1350000

Water Info

Waterfront: No
Water View: No

Building Info

# Stories: 3
# Floors: 3
# Heating Units: 6

More Information

Units

# of 1 BD Units: Yes
# of 2 BD Units: 3
# of 3 BD Units: 2

Unit 1

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1800
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: Yes
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 2

Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 1287
# Full Baths: Yes
# of Rooms: 5
# 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

Unit 3

Lease: No
Level: Third
Security Deposit: Yes
Monthly Rent: 1430
# Full Baths: Yes
# of Rooms: 6
# of Bedrooms: 3
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 4

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1760
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: Yes
Heat: No
Range: Yes
Refrigerator: Yes
Water: Yes

Unit 5

Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 1094.5
# Full Baths: Yes
# of Rooms: 5
# 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

Unit 6

Lease: No
Level: Third
Security Deposit: Yes
Monthly Rent: 1410
# Full Baths: Yes
# of Rooms: 6
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Utilities

Utilities On: Yes

Property Features

Site: Level; Sidewalks Location: Historic District; Intown; Near Public Beach; Near Shopping; Neighborhood Roads: Paved; Public Transportation: Public Transport Access Recreational Water: Nearby Style: Other Levels: Multi-Level Construction: Wood Frame Basement: Dirt Floor; Full; Slab; Unfinished Basement Entry: Interior Foundation Materials: Brick/Mortar; Stone Exterior: Vinyl Siding Roof: Membrane Heat System: Direct Vent Heater; Heat Pump Heat Fuel: Gas Natural Water Heater: Gas; On Demand Cooling: Heat Pump Floors: Laminate; Tile; Wood Amenities: 1st Floor Bedroom; Fence; Laundry - Coin; Shower; Walk-in Closets Patio and Porch Features: Deck Energy Efficiency: Tankless Water Heater Driveway: No Driveway Parking: No Parking Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers; On Site Gas: Natural - On Site Sewer: Public Sewer Water: Public

Documents

Brochure_P1 ›

Rent Roll + Income + Expense ›

Floor Plan ›

Flood Disclosure Addendum ›

FEMA MAP ›

Multi-Family Addendum ›

Lead Paint Addendum Public Access ›

Arsenic Treated Wood Fact Sheet ›

Property Disclosure Public Access ›

Deed Public Access ›

Listing Office: Portside Real Estate Group

Selling Office: Harborview Properties, Inc.

Last Updated: January - 18 - 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 ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.