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Multi-FamilyMEPortland0410322 Bailey Avenue, Portland, ME, 04103

22 Bailey Avenue, Portland, ME, 04103

22 Bailey Avenue, Portland, ME, 04103
2 baths
$699,000
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Basics

  • Date added: Added 4 days ago
  • Category:
  • Status:
  • Bathrooms: 2
  • Lot size: 0.23 sq ft
  • Year built: 1924
  • Bathrooms Full: 2
  • Lot Size Acres: 0.23 acres
  • Zoning: RN-1
  • County: Cumberland
  • MLS ID: 1656843

Description

  • Description:

    Well-maintained 2-unit on a corner lot in a highly convenient Portland location, offering the perfect opportunity for an owner-occupant looking to offset living expenses. Built in 1924, this property blends classic character with functional living, featuring bright, sun-filled interiors and over 2,100 square feet of space.
    The building offers a first-floor 2-bedroom unit and a spacious 3-bedroom unit that spans the second and third floors, complete with a dedicated dining room and a layout that lives much like a single-family home. This setup provides excellent flexibility to live comfortably in one unit while renting the other. Both units have separate utilities, making management simple and expenses easy to control.
    Situated on a corner lot, the property benefits from excellent natural light and a more open feel. Outside, you'll find yard space, a deck for relaxing or entertaining, and off-street parking, giving you the benefits of a single-family feel with added income potential.
    Located with easy access to I-295, I-95, and downtown Portland, as well as nearby shopping and restaurants, this is an ideal setup for someone looking to enjoy Portland living while having rental income help offset expenses.

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Location

Building Details

  • Building Area Total: 2122 sq ft
  • Number Of Units Total: 2
  • Construction Materials: Vinyl Siding, Wood Frame
  • Architectural Style: Colonial
  • Sewer: Public Sewer
  • Heating: Direct Vent Furnace
  • Roof: Shingle
  • Foundation Details: Concrete Perimeter
  • Levels: Multi-Level
  • Basement: , ,

Amenities & Features

  • Laundry Features: Washer Hookup
  • Electric: Circuit Breakers
  • Flooring: Wood, Vinyl
  • Parking Features: 1 - 4 Spaces, Paved, Off Street, Tandem
  • WaterSource: Public
  • Interior Features: 1st Floor Primary Bedroom w/Bath, One-Floor Living, Storage
  • Lot Features: Well Landscaped, Corner Lot, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Near Town, Near Public Transit
  • Window Features: Double Pane Windows
  • Patio And Porch Features: Deck, Porch
  • Cooling: None

Fees & Taxes

  • Gross Income: $49,417

Miscellaneous

  • Listing Terms: 1031 Exchange

Courtesy of

  • List Office Name: Harborview Properties, Inc.

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Office: 207-942-6310

458 Main Street
Bangor, ME 04401
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