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Multi-FamilyMEPortland0410211 Russell Street, Portland, ME, 04102

11 Russell Street, Portland, ME, 04102

11 Russell Street, Portland, ME, 04102
5 baths
$1,200,000
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Basics

  • Date added: Added 22 hours ago
  • Category:
  • Status:
  • Bathrooms: 5
  • Lot size: 0.06 sq ft
  • Year built: 1850
  • Subdivision Name: West End
  • Bathrooms Full: 5
  • Lot Size Acres: 0.06 acres
  • Zoning: R-6
  • County: Cumberland
  • MLS ID: 1656948

Description

  • Description:

    Located mere steps from Maine Medical Center, 11 Russell Street is a well-located four-unit in Portland's West End with strong rental demand from the healthcare workforce, in a neighborhood with one of the most consistent rental markets in the city,The property has a strong rental history with market rate rents. The unit mix includes one and two-bedroom apartments with layouts that cater to both tenants or actual owner occupancy. Good kitchen space, separate living areas, and functional bedroom sizes. Nothing overly complicated, just solid, livable units that rent well.Separate utilities keep things straightforward. Heating has been updated with gas monitors provided and maintained by Pine State. Additional features include off-street driveway parking, outdoor deck, shared laundry room and basement storage. For those considering owner occupancy, the property offers the opportunity to live in Portland's West End while offsetting expenses with rental income. For investors, it presents a well-located, income-producing asset in one of the city's most consistently desirable rental markets.

    Showings are available on Friday afternoons between 2-4pm, by appointment only.

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Location

Building Details

  • Building Area Total: 3500 sq ft
  • Number Of Units Total: 4
  • Construction Materials: Vinyl Siding, Wood Frame
  • Architectural Style: Other, New Englander
  • Sewer: Public Sewer
  • Heating: Forced Air, Direct Vent Furnace, Baseboard
  • Stories: 3
  • Roof: Shingle
  • Foundation Details: Block, Stone, Concrete Perimeter, Brick/Mortar
  • Levels: Multi-Level
  • Basement: , , , ,

Amenities & Features

  • Electric: Circuit Breakers
  • Flooring: Wood, Tile
  • Parking Features: 1 - 4 Spaces, Paved, Off Street
  • Garage Spaces: 0
  • WaterSource: Public
  • Interior Features: Storage
  • Lot Features: Sidewalks, Intown, Near Shopping, Neighborhood, Near Public Transit
  • Cooling: None

Fees & Taxes

  • Gross Income: $104,400

School Information

  • High School District: Portland Public Schools

Miscellaneous

  • Road Surface Type: Paved
  • Pets Allowed: No Restrictions

Courtesy of

  • List Office Name: Demetria Real Estate

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Office: 207-942-6310

458 Main Street
Bangor, ME 04401
LICENSE #BA928013
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