77 Sherman Street, Portland, ME 04101

$1,933,000

Property Type: Multi-Family Baths: 12 Square Footage: 10,200 Lot Size (sq. ft.): 6,098 Status: Closed

Current Price: $1,933,000 List Date: 8/21/2020 Last Modified: 1/04/2025

Overview

Description

Stately brick 12-unit in the Parkside neighborhood, a rare offering in the tight Portland multi-family market. Meticulously cared for by the same owner for the last 20 years, with generously tenant-friendly rents there is clear potential to bring these two bedroom units up to market rate. Three units are being left vacant for new owner to make their own value-add improvements.

Listing Details MLS# 1465687

Location Information

Street #: 77
Street Name: Sherman
Street Type: Street
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04101
Zip +4: 2209
Leased Land: No
Book: 17187
Page: 065
Map: 48
Block: D
Lot: 16
Zoning: R6
Zoning Overlay: No
Association: No
Full Tax Amount $: 18385
Tax Year: 2019

Contract Information

Original List Price: 2000000

Property Information

Surveyed: Unknown
Seasonal: No
Owner Occupied: Yes
Deed/Conveyance Type Offered: Warranty
Deed: All
Deed Restrictions: Unknown
Bank Owned REO: No
2 Detached Houses on 1 Lot: No
Number of Units: 12
Total Baths: 12
Total Full Baths: 12
Color: brick
Year Built: 1900
SqFt Finished Above Grade: 10200
SqFt Finished Total: 10200
SqFt Source: Public Records
Garage: No
Lot Size Acres +/-: 0.14
Source of Acreage: Public Records
Total Half Baths: 0
SqFt Finished Below Grade: 0
Garage Spaces: 0

Status Change Info

Pending Date: 2020-08-28
Closed Date: 2020-10-01
Closed Price: 1933000

Water Info

Water Frontage: No
Water View: No

Units

# of 1 BD Units: Yes
# of 2 BD Units: 10
# of 3 BD Units: Yes

More Information

Unit 1

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1350
# Full Baths: Yes
# of Rooms: 4
# 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 2

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1050
# Full Baths: Yes
# of Rooms: 4
# 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 3

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1050
# Full Baths: Yes
# of Rooms: 4
# 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 4

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

Unit 5

Lease: No
Level: Second
Security Deposit: No
# Full Baths: Yes
# of Rooms: 4
# 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
Monthly Rent: 0

Unit 6

Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 1350
# Full Baths: Yes
# of Rooms: 4
# 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 7

Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 1050
# Full Baths: Yes
# of Rooms: 3
# 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 8

Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 1500
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 3
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 9

Lease: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 1300
# Full Baths: Yes
# of Rooms: 4
# 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 10

Lease: No
Level: Third
Security Deposit: Yes
Monthly Rent: 1350
# Full Baths: Yes
# of Rooms: 4
# 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 11

Lease: No
Level: Third
Security Deposit: No
# Full Baths: Yes
# of Rooms: 4
# 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
Monthly Rent: 0

Unit 12

Lease: No
Level: Third
Security Deposit: Yes
Monthly Rent: 1350
# Full Baths: Yes
# of Rooms: 4
# 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

Level: Yes
Open: Yes
Sidewalks: Yes

Location

Near Shopping: Yes
Near Town: Yes
Near Turnpike/Interstate: Yes

Roads

Paved: Yes
Public: Yes

Style

Victorian: Yes

Construction

Masonry: Yes

Basement

Full: Yes
Sump Pump: Yes
Unfinished: Yes

Foundation Materials

Brick/Mortar: Yes
Slab: Yes

Exterior

Brick: Yes

Roof

Flat: Yes
Membrane: Yes
Rolled/Hot Mop: Yes

Heat System

Forced Air: Yes
Radiator: Yes
Steam: Yes
Zoned: Yes

Heat Fuel

Gas Natural: Yes

Income & Expenses

Gross Income: 136200
Operating Expenses: 51302

Cooling

None: Yes

Floors

Laminate: Yes

Parking

No Parking: Yes

Electric

Circuit Breakers: Yes

Gas

Natural - At Street: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Driveway

No Driveway: Yes

Restrictions

No Restrictions: Yes

Basement Entry

Interior: Yes

Water Heater

Gas: Yes

Amenities

Bathtub: Yes
Laundry - Coin: Yes
Shower: Yes

Patio and Porch Features

Deck: Yes

Vehicle Storage

No Vehicle Storage: Yes

Property Features

Site: Level; Open; Sidewalks Location: Near Shopping; Near Town; Near Turnpike/Interstate Roads: Paved; Public Style: Victorian Construction: Masonry Basement: Full; Sump Pump; Unfinished Basement Entry: Interior Foundation Materials: Brick/Mortar; Slab Exterior: Brick Roof: Flat; Membrane; Rolled/Hot Mop Heat System: Forced Air; Radiator; Steam; Zoned Heat Fuel: Gas Natural Water Heater: Gas Cooling: None Floors: Laminate Amenities: Bathtub; Laundry - Coin; Shower Patio and Porch Features: Deck Driveway: No Driveway Parking: No Parking Vehicle Storage: No Vehicle Storage Restrictions: No Restrictions Electric: Circuit Breakers Gas: Natural - At Street Sewer: Public Sewer Water: Public

IDX

Listing Office: Vitalius Real Estate Group, LLC

Selling Office: Portside Real Estate Group

Last Updated: January - 04 - 2025

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