779 Congress Street, Portland, ME 04102

$1,255,000

Property Type: Multi-Family Baths: 10 Square Footage: 5,018 Lot Size (sq. ft.): 4,792 Status: Closed

Current Price: $1,255,000 List Date: 11/25/2022 Last Modified: 1/13/2025

Overview

Description

Perfect location on Portland's penisula. 10 unit apartment complex with ample parking nestled on the edge of the Arts District and walking distance to the West End amenities. Plenty of parking with 10 spaces. Rarely does a property come on the market this much opportunity. Current owner has remodeled apartments. Units are full of historic charm including original wood floors and moldings, stairwells, etc.

Listing Details MLS# 1548818

Location Information

Street #: 779
Street Name: Congress
Street Type: Street
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04102
Zip +4: 3333
Leased Land: No
Book: 35198
Page: 202
Map: 47
Lot: 15
Zoning: B2b
Zoning Overlay: No
Association: No
Full Tax Amount $: 15602
Tax Year: 2021

Contract Information

Original List Price: 1325000

Property Information

Surveyed: No
Seasonal: No
Owner Occupied: No
Deed/Conveyance Type Offered: Quit Claim w/Covenant
Deed: All
Deed Restrictions: Unknown
Bank Owned REO: No
2 Detached Houses on 1 Lot: No
Number of Units: 10
Total Baths: 10
Total Full Baths: 10
Color: Black
Year Built: 1910
SqFt Finished Above Grade: 5018
SqFt Finished Total: 5018
SqFt Source: Public Records
Garage: No
Lot Size Acres +/-: 0.11
Source of Acreage: Public Records
Road Frontage: Yes
Road Frontage +/-: 25
Source of Road Frontage: Public Records
Total Half Baths: 0
SqFt Finished Below Grade: 0
Garage Spaces: 0

Status Change Info

Pending Date: 2022-12-05
Closed Date: 2023-01-18
Closed Price: 1255000

Water Info

Water Frontage: No
Water View: No

Building Info

# Floors: 3

More Information

Units

# of 1 BD Units: 8
# of 2 BD Units: 2

Unit 1

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1434
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: Yes
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2

Lease: Yes
Level: Second
Security Deposit: No
Monthly Rent: 1225
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: Yes
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3

Lease: Yes
Level: Second
Security Deposit: No
Monthly Rent: 1171
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: Yes
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 4

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1229
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: Yes
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Water: Yes
Sewer: Yes

Unit 5

Lease: Yes
Level: Second
Security Deposit: No
Monthly Rent: 1028
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: Yes
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 6

Lease: Yes
Level: Third
Security Deposit: No
Monthly Rent: 1150
# Full Baths: Yes
# of Rooms: 3
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 7

Lease: Yes
Level: Third
Security Deposit: No
Monthly Rent: 1028
# Full Baths: Yes
# of Rooms: 3
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 8

Lease: Yes
Level: Third
Security Deposit: No
Monthly Rent: 1200
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: Yes
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 9

Lease: Yes
Level: Basement
Security Deposit: No
Monthly Rent: 1250
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: Yes
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 10

Lease: No
Level: Basement
Security Deposit: No
Monthly Rent: 1343
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Utilities

Pole: Yes
Utilities On: Yes

Sold Info

Appraiser Email Address: Corey.Gustafson@cbre.com

Site

Sidewalks: Yes

Location

Business District: Yes

Roads

Public: Yes

Transportation

Public Transport Access: Yes

Style

Other: Yes

Construction

Wood Frame: Yes

Levels

Multi-Level: Yes

Basement

Finished: Yes
Walk-Out Access: Yes

Foundation Materials

Brick/Mortar: Yes

Exterior

Clapboard: Yes

Roof

Shingle: Yes

Heat System

Hot Water: Yes
Radiator: Yes

Heat Fuel

Gas Natural: Yes

Income & Expenses

Gross Income: 159170
Operating Expenses: 55800

Cooling

None: Yes

Floors

Vinyl: Yes
Wood: Yes

Parking

5 - 10 Spaces: Yes
Off Street: Yes

Electric

Circuit Breakers: Yes

Gas

Natural - On Site: Yes
Underground: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Driveway

Common: Yes
Gravel: Yes

Water Heater

Electric: Yes

Amenities

Laundry - Coin: Yes

Equipment

Cable: Yes
Internet Access Available: Yes

Vehicle Storage

4+ Car: Yes
Detached: Yes
Other Vehicle Storage: Yes

Property Features

Site: Sidewalks Location: Business District Roads: Public Transportation: Public Transport Access Style: Other Levels: Multi-Level Construction: Wood Frame Basement: Finished; Walk-Out Access Foundation Materials: Brick/Mortar Exterior: Clapboard Roof: Shingle Heat System: Hot Water; Radiator Heat Fuel: Gas Natural Water Heater: Electric Cooling: None Floors: Vinyl; Wood Amenities: Laundry - Coin Equipment: Cable; Internet Access Available Driveway: Common; Gravel Parking: 5 - 10 Spaces; Off Street Vehicle Storage: 4+ Car; Detached; Other Vehicle Storage Electric: Circuit Breakers Gas: Natural - On Site; Underground Sewer: Public Sewer Water: Public

Documents

Property Disclosure Public Access ›

Deed Public Access ›

Tax Map ›

Tax Map Zoomed In ›

Listing Office: CORE

IDX

Last Updated: January - 13 - 2025

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