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Multi-FamilyMEPortland041027 Cherry Street, Portland, ME, 04102

7 Cherry Street, Portland, ME, 04102

7 Cherry Street, Portland, ME, 04102
3 baths
$740,000
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Basics

  • Date added: Added 4 months ago
  • Category:
  • Status:
  • Bathrooms: 3
  • Lot size: 0.18 sq ft
  • Year built: 1875
  • Bathrooms Full: 3
  • Lot Size Acres: 0.18 acres
  • Zoning: R6
  • County: Cumberland
  • MLS ID: 1644239

Description

  • Description:

    Fantastic investment opportunity—a three-unit multifamily property at 7 Cherry Street—offers strong rental potential in one of Maine's most desirable and consistently growing markets. Located just minutes from downtown, the Old Port, restaurants, amenities, and major commuter routes, this property attracts high-quality tenants and ensures steady demand year-round. With functional layouts and a solid rental history, this building is an ideal addition to any investor's portfolio or a great first acquisition for someone entering the Portland multifamily market, checking all the boxes whether you seek stable cash flow, long-term appreciation, or a value-add opportunity.

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Location

Building Details

  • Building Area Total: 2923 sq ft
  • Number Of Units Total: 3
  • Construction Materials: Vinyl Siding, Wood Frame
  • Architectural Style: New Englander
  • Sewer: Public Sewer
  • Heating: Hot Water, Direct Vent Heater, Baseboard
  • Stories: 3
  • Roof: Shingle
  • Levels: Multi-Level
  • Basement: , , ,

Amenities & Features

  • Electric: Circuit Breakers
  • Flooring: Laminate
  • Parking Features: 5 - 10 Spaces, Paved
  • WaterSource: Public
  • Lot Features: Level, Sidewalks, Intown, Near Turnpike/Interstate, Near Public Transit
  • Patio And Porch Features: Deck
  • Cooling: None

Fees & Taxes

  • Gross Income: $46,800

Miscellaneous

  • Road Surface Type: Paved

Courtesy of

  • List Office Name: RE/MAX Oceanside

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Office: 207-942-6310

458 Main Street
Bangor, ME 04401
LICENSE #BA928013
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