753 Main Street, South Portland, ME 04106

$499,000
Property Type: Multi-Family Baths: 2 Square Footage: 1,372 Lot Size (sq. ft.): 16,553 Status: Active
Current Price: $499,000 List Date: 8/21/2025 Last Modified: 10/08/2025

Description

INVESTORS TAKE NOTICE!! Fantastic opportunity! Zoning and lot size allow for the addition of multiple units. per code office. Features a newer furnace and monitor heater. Long-term tenants already in place, with below market rent. Prime location with easy access to public transportation. In need of updating. Group showing 12 - 1pm Wed. 9/3.

Supplements: ********

More Information MLS# 1635157

Location Information

Book: 38128 Leased Land: No Page: 6 Map: 63 Lot: 111 Zoning Overlay: Unknown Association: No Tree Growth Y/N: No Street #: 753 Street Name: Main Street Type: Street County: Cumberland Town: South Portland State/Province: ME Zip Code: 04106 Zip +4: 5424 Zoning: RT Full Tax Amount $: 5555 Tax Year: 2024 Geo Lat: 43.617845 Geo Lon: -70.309103

Property Information

Surveyed: Unknown Seasonal: No Number of Units: 2 Lot Size Acres +/-: 0.38 Total Baths: 2 Total Half Baths: 0 SqFt Finished Above Grade: 1372 SqFt Finished Below Grade: 0 Garage: Yes Garage Spaces: 1 Total Full Baths: 2 Year Built: 1920 SqFt Finished Total: 1372 Source of Acreage: Public Records

Site

Level: 1

Location

Near Shopping: 1 Near Town: 1 Near Turnpike/Interstate: 1

Roads

Paved: 1 Public: 1

Water Info

Water Frontage: No Water View: No

Style

New Englander: 1

Construction

Wood Frame: 1

Basement

Full: 1 Unfinished: 1

Exterior

Vinyl Siding: 1

Roof

Shingle: 1

Heat System

Baseboard: 1 Direct Vent Heater: 1

Heat Fuel

Electric: 1 Gas Natural: 1

Income & Expenses

Gross Income: 31200 Operating Expenses: 8452

Cooling

Other: 1

Floors

Laminate: 1 Tile: 1 Wood: 1

Units

# of 2 BD Units: 2

Parking

1 - 4 Spaces: 1

Unit 1

Lease: No Level: First Security Deposit: Yes Monthly Rent: 1300 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: Yes Electric: Yes 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: 1300 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Gas

Natural - At Street: 1

Sewer

Public Sewer: 1

Water

Public: 1

Driveway

Paved: 1

Basement Entry

Doghouse: 1

Water Heater

Electric: 1 Gas: 1

Vehicle Storage

1 Car: 1

Contract Information

Status: Active Original List Price: 529000 List Price: $499,000 Current Price: $499,000

Property Features

Site: Level Location: Near Shopping; Near Town; Near Turnpike/Interstate Roads: Paved; Public Style: New Englander Construction: Wood Frame Basement: Full; Unfinished Basement Entry: Doghouse Exterior: Vinyl Siding Roof: Shingle Heat System: Baseboard; Direct Vent Heater Heat Fuel: Gas Natural Water Heater: Electric; Gas Cooling: Other Floors: Laminate; Tile; Wood Driveway: Paved Parking: 1 - 4 Spaces Vehicle Storage: 1 Car Electric: Circuit Breakers Gas: Natural - At Street Sewer: Public Sewer Water: Public
Listing Office: Verrill Real Estate, Inc
IDX
Last Updated: October - 08 - 2025
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