United StatesMainePortland523 Washington Avenue

523 Washington Avenue
Portland, ME 04103

$2,100,000
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12-units on a huge lot close to downtown, Portland's Back Cove, and the future Roux Institute campus. These side-by-side 6-unit buildings enjoy a large yard and parking lot for 16 +/- cars. There is good stabilized cash flow and additional income...
$2,100,000
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12
Full Baths
11,896 Sq Ft.
Interior
.57 Acres
Exterior
Multi-Family Homes
Property type
1905
Year Built
1543356
Web Id
1543356
MLS ID
Portland
School District

About 523 Washington Avenue

12-units on a huge lot close to downtown, Portland's Back Cove, and the future Roux Institute campus. These side-by-side 6-unit buildings enjoy a large yard and parking lot for 16 +/- cars. There is good stabilized cash flow and additional income potential simply by increasing existing subsidized units to the allowable maximum. Both buildings are in remarkably good shape, one having had a fire some years ago was essentially rebuilt from the studs with a sprinkler system. Tenants love the sunny 2 & 3 bedroom layouts, decks, green space, ample parking for two cars per apartment, proximity to Payson Park and easy access to 295. Potential to add two more units on the parcel means even more upside potential.

Listing Courtesy of Vitalius Real Estate Group, LLC

Amenities

  • Carpet
  • Counter Top - Tile
  • Deck
  • Laundry
  • Porch
  • Hardwood Flooring
  • Steam Shower

features

lot description
laminate flooring

PROPERTY INFORMATION

Amenities
Deck, Laundry - Hookup, Porch, Sprinkler
Basement
Full, Unfinished
Heating
Steam
Location
Intown, Near Turnpike/Interstate
Parking Description
11 - 20 Spaces, On Site, Paved
Sewer
Public Sewer
Style
Multi-Level
Water
Public
Waterfront
No

EXTERIOR

Exterior Features
Vinyl Siding
Roofing
Membrane

INTERIOR

Flooring
Carpet, Laminate, Tile, Vinyl, Wood
Listing Courtesy of Vitalius Real Estate Group, LLC
Listing Courtesy of Vitalius Real Estate Group, LLC,
Legacy Sotheby’s International Realty is your destination for luxury real estate listings. This property for Sale at 523 Washington Avenue, Portland, Maine 04103 United States is a Multi-Family Homes with bedrooms, 12 full baths, and partial baths. It is located in , Portland, Maine, and is in the 04103 zip/post code area. This home of 11,896 Sq.Ft. was built in 1905 and is on a .57 Acres lot. Legacy Sotheby’s International Realty also has property listings in cities near Portland, including Cape Cottage, Great Diamond Island and South Portland. If you would like more information about this home for Sale at 523 Washington Avenue, Portland, Maine 04103 United States or would like to schedule a showing, contact the agent listed above for more information. You may also sign in, create an account, and save this listing for later reference by using icons at the top of this page.
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Vitalius Real Estate Group, LLC

Listing Courtesy of Vitalius Real Estate Group, LLC,
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