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  • $1,021,000

    16 Gilman Street, Portland, ME 04102

    11beds
    4,902sqft
    Multi Family
    Built in 1912
    -- sqft lot
    $1,190,800 Zestimate®
    $208/sqft
    $2,304 Estimated rent

    Home value

    $1,190,800

    $1.08M - $1.32M

    $2,304/mo

    Zestimate® history
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    $5,167/mo

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    $5,167/mo

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    What's special

    West End 6 unit ideally located next door to Maine Medical Center on a dead end street just steps from the park entrance and the Western Prom. Located across the street from a wooded area and next to the park makes it hard to believe this is on the coveted downtown peninsula and just a short walk to Hadlock Field, the Expo, Union Station Plaza and many area shops and restaurants. 1 mile from University of Southern Maine, 3 miles from the Portland Jetport and next door to the hospital all make this a highly desirable and easily rented apartment building. The property has vinyl siding, new rear decks, new front entry stairs and new side walkways plus a brand new roof in 2019. Brick foundation was repointed in several areas as needed. Natural gas heat and updated separated electrical panels. Tenants pay for their own heat & electricity. All the major work has been done. These units feature hardwood floors, period moldings and high ceilings. Most have updates in the kitchens and baths but some units could benefit from cosmetic upgrades. Situated on 5767 sq. ft lot in an R6 zone. Potential for expansion of existing units especially in the huge basement level area with very high ceilings or possibly adding unit(s). both 6 and 8 units are referenced in the town records. It is recommended that buyers check with the city directly about any possible changes to what exists currently. Some long term tenants in place with rents well below market. Group showings only.

    Zillow last checked: 8 hours ago

    Listing updated: January 13, 2025 at 07:10pm

    Listed by:

    Keller Williams Realty

    Bought with:

    Porta & Company

    Source: Maine Listings,MLS#: 1556605MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 11
    • Bathrooms: 6
    • Full bathrooms: 6
    Heating
    • Direct Vent Heater
    Cooling
    • None
    Features
    • 1st Floor Bedroom, Bathtub, Shower, Storage
    • Flooring: Wood
    • Basement: Walk-Out Access,Daylight,Full,Unfinished
    • Has fireplace: No
    Interior area
    • Total structure area: 4,902
    • Total interior livable area: 4,902 sqft
    • Finished area above ground: 4,902
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: No Driveway, None
    Features
    • Levels: Multi/Split
    • Stories: 2
    • Patio & porch: Deck
    • Has view: Yes
    • View description: Trees/Woods
    Lot
    • Size: 5,662 sqft
    • Features: City Lot, Rolling Slope
    Details
    • Zoning: R6
    • Other equipment: Cable

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Vinyl Siding
    • Foundation: Brick/Mortar
    • Roof: Flat
    Condition
    • Year built: 1912

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Utilities On

    Community & neighborhood

    Location
    • Region: Portland

    Other

    Other facts
    • Road surface type: Paved

    Price history

    DateEventPrice
    6/13/2023Sold$1,021,000+7.5%$208/sqft
    Source: Maine Listings #1556605
    4/26/2023Pending sale$950,000$194/sqft
    Source: Maine Listings #1556605
    4/19/2023Listed for sale$950,000$194/sqft
    Source: Maine Listings #1556605
    2/6/2023Listing removed--
    Source: Maine Listings #1547454
    11/3/2022Listed for sale$950,000+64.1%$194/sqft
    Source: Maine Listings #1547454

    Public tax history

    Tax history is unavailable.

    Neighborhood: Valley Street

    Nearby schools

    GreatSchools rating
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    $1,190,800
    2% more+ $23,816
    With Zillow Showcase(estimated)
    $1,214,616