6 - 8 Saint Lawrence Street, Portland, ME 04101

$1,345,000
Property Type: Multi-Family Baths: 4 Square Footage: 3,304 Lot Size (sq. ft.): 3,049 Status: Active
Current Price: $1,345,000 List Date: 2/04/2026 Last Modified: 5/01/2026

Overview

Description

Investor Opportunity on Munjoy Hill | Fully Leased 4-Unit Asset | 2 Buildings | Partial Casco Bay Views Rare opportunity to acquire a fully leased four-unit, two-building investment property in Portland's highly desirable Munjoy Hill neighborhood. Situated on a single lot with partial Casco Bay views from every unit, this 10-bedroom, 3,000+ SF property offers stable in-place income, strong tenant demand, and long-term upside in one of the city's most sought-after locations. All four units are leased at full market rates, providing immediate cash flow. The property has been owned and thoughtfully improved over the past 19 years, with major capital upgrades that enhance value and reduce near-term expense exposure, including new roofs on both buildings, updated kitchens and baths, casement windows, heating improvements, fresh paint, and newer carpeting. The unit mix is highly rentable and offers broad appeal. The two lower units each feature 2BR/1BA layouts above grade plus finished base ...

Listing Details MLS# 1651128

Location Information

Street #
6 - 8
Street Name
Saint Lawrence
Street Type
Street
County
Cumberland
Town
Portland
State/Province
ME
Zip Code
04101
Zip +4
4316
Leased Land
No
Book
246888
Page
334
Map
16
Block
J
Lot
10-11
Zoning
RN-4
Zoning Overlay
No
Neighborhood Association
Munjoy Hill
Association
No
School District
Portland Public Schools
Full Tax Amount $
14027
Tax Year
25
Tree Growth Y/N
No

Contract Information

Original List Price
1595000

Property Information

Surveyed
No
Seasonal
No
Owner Occupied
No
Deed/Conveyance Type Offered
Warranty
Deed
All
Deed Restrictions
Unknown
Bank Owned REO
No
2 Detached Houses on 1 Lot
Yes
Number of Units
4
Total Baths
4
Total Full Baths
4
Color
Sand
Year Built
1983
SqFt Finished Above Grade
2604
SqFt Finished Below Grade
700
SqFt Finished Total
3304
SqFt Source
Public Records
Other Source of Square Footage
Public Records Maine House and Estimated Basement
Furniture
Unfurnished
Garage
No
Lot Size Acres +/-
0.07
Source of Acreage
Appraiser
Acreage Other Source
Public Records
Road Frontage
Yes
Road Frontage +/-
59
Source of Road Frontage
Public Records
Total Half Baths
0
Garage Spaces
0

Water Info

Water Frontage
No
Water View
Yes
Water Body Name
Casco Bay

Building Info

# Stories
2
# Floors
2
# Heating Units
6
# Water Heaters
4

Units

# of 2 BD Units
2
# of 3 BD Units
2

More Information

Unit 1

Lease
Yes
Level
First
Security Deposit
Yes
Monthly Rent
2350
# Full Baths
Yes
# of Rooms
5
# of Bedrooms
3
Dedicated Electric Meter
Yes
Dedicated Gas Meter
Yes
Dedicated Water Heater
Yes
Electric
No
Heat
No
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 2

Lease
Yes
Level
Second
Security Deposit
Yes
Monthly Rent
1730
# Full Baths
Yes
# of Rooms
4
# of Bedrooms
2
Dedicated Electric Meter
Yes
Dedicated Gas Meter
Yes
Dedicated Water Heater
Yes
Electric
No
Heat
No
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 3

Lease
Yes
Level
First
Security Deposit
Yes
Monthly Rent
2800
# Full Baths
Yes
# of Rooms
5
# of Bedrooms
3
Dedicated Electric Meter
Yes
Dedicated Gas Meter
Yes
Dedicated Water Heater
Yes
Electric
No
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 4

Lease
Yes
Level
Second
Security Deposit
Yes
# Full Baths
Yes
# of Rooms
4
# of Bedrooms
2
Dedicated Electric Meter
Yes
Dedicated Gas Meter
Yes
Dedicated Water Heater
Yes
Electric
No
Heat
Yes
Range
Yes
Refrigerator
Yes
Water
Yes
Monthly Rent
0
Sewer
Yes

Utilities

Utilities On
Yes

Levels

Multi-Level
Yes

Site

Level
Yes
Open
Yes
Sidewalks
Yes
Well Landscaped
Yes

Location

Intown
Yes
Near Public Beach
Yes
Near Shopping
Yes
Near Turnpike/Interstate
Yes
Neighborhood
Yes

Roads

Paved
Yes
Public
Yes

Transportation

Major Road Access
Yes
Near Airport
Yes
Public Transport Access
Yes
Rail Available
Yes

Water Body Type

Bay
Yes
Ocean
Yes

Recreational Water

Nearby
Yes
Oceanfront
Yes
Public
Yes

Style

Other
Yes

Construction

Wood Frame
Yes

Basement

Brick/Mortar
Yes
Finished
Yes
Full
Yes
Walk-Out Access
Yes

Foundation Materials

Brick/Mortar
Yes
Poured Concrete
Yes

Exterior

Vinyl Siding
Yes

Roof

Shingle
Yes

Heat System

Baseboard
Yes
Direct Vent Heater
Yes

Heat Fuel

Electric
Yes
Gas Natural
Yes

Income & Expenses

Gross Income
109404
Operating Expenses
32595

Cooling

None
Yes

Floors

Carpet
Yes
Tile
Yes
Vinyl
Yes
Wood
Yes

Parking

1 - 4 Spaces
Yes
On Site
Yes
On Street
Yes
Paved
Yes

Electric

Circuit Breakers
Yes

Gas

Natural - On Site
Yes

Sewer

Public Sewer
Yes

Water

Public
Yes

Driveway

Paved
Yes

Basement Entry

Interior
Yes

Water Heater

Gas
Yes
On Demand
Yes
Rented
Yes
Tank
Yes

Amenities

1st Floor Bedroom
Yes
Bathtub
Yes
Fence
Yes
Laundry - Hookup
Yes
Shower
Yes
Storage
Yes

Patio and Porch Features

Deck
Yes
Porch
Yes

Equipment

Cable
Yes
Internet Access Available
Yes

Vehicle Storage

No Vehicle Storage
Yes

Property Features

Site: Level; Open; Sidewalks; Well Landscaped Location: Intown; Near Public Beach; Near Shopping; Near Turnpike/Interstate; Neighborhood Roads: Paved; Public Transportation: Major Road Access; Near Airport; Public Transport Access; Rail Available Water Body Type: Bay; Ocean Recreational Water: Nearby; Oceanfront; Public Style: Other Levels: Multi-Level Construction: Wood Frame Basement: Brick/Mortar; Finished; Full; Walk-Out Access Basement Entry: Interior Foundation Materials: Brick/Mortar; Poured Concrete Exterior: Vinyl Siding Roof: Shingle Heat System: Baseboard; Direct Vent Heater Heat Fuel: Gas Natural Water Heater: Gas; On Demand; Rented; Tank Cooling: None Floors: Carpet; Tile; Vinyl; Wood Amenities: 1st Floor Bedroom; Bathtub; Fence; Laundry - Hookup; Shower; Storage Patio and Porch Features: Deck; Porch Equipment: Cable; Internet Access Available Driveway: Paved Parking: 1 - 4 Spaces; On Site; On Street; Paved Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public

Documents

IDX
Listing Office: Keller Williams Realty
Last Updated: May - 01 - 2026
Broker Attribution: 207-553-2662
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.
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