Deceptively simple outside, this East End multi-family is fully furnished, turn-key, has a strong furnished-rental income history, and has a parking lot to boot! Inside is much bigger than it appears, with three 2-bedrooms units plus a full guest studio. Each unit has been renovated with a charming, coastal touch and the location is highly desirable to short, medium, and long term tenants and buyers looking to live downtown. This location might just be one of the most walkable on Portland's East Side, sitting at the intersection of Washington's ''restaurant row,'' India Street's gateway to the waterfront, Munjoy Hill's stunning park, and East End Beach. The 5,998 SF lot currently offers a large parking lot and quaint courtyard with the future potential to add additional units. The 1980's construction is a refreshingly attractive alternative to the typical 100+ year old Portland building.
Closed
$1,150,000
197 Congress Street, Portland, ME 04101
6beds
3,162sqft
Multi Family
Built in 1989
-- sqft lot
$1,205,900 Zestimate®
$364/sqft
$3,745 Estimated rent
Home value
$1,205,900
$1.12M - $1.29M
$3,745/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: January 13, 2025 at 07:07pm
Listed by:
Vitalius Real Estate Group, LLC
Bought with:
Vitalius Real Estate Group, LLC
Source: Maine Listings,MLS#: 1550802
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Heat Pump, Hot Water
Cooling
- Heat Pump
Appliances
- Laundry: Laundry - Coin
Features
- Flooring: Laminate, Tile, Wood
- Basement: Finished
Interior area
- Total structure area: 3,162
- Total interior livable area: 3,162 sqft
- Finished area above ground: 1,632
- Finished area below ground: 1,530
Property
Parking
- Parking features: Paved, 1 - 4 Spaces, Off Street
Features
- Levels: Multi/Split
Lot
- Size: 5,662 sqft
- Features: City Lot, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Level, Open Lot, Sidewalks
Details
- Additional structures: Shed(s)
- Parcel number: PTLDM013BM020001
- Zoning: B1
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other,Split Level
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Roof: Shingle
Condition
- Year built: 1989
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
| Date | Event | Price |
|---|---|---|
| 5/1/2023 | Sold | $1,150,000-4.1%$364/sqft |
Source:  Maine Listings #1550802 | ||
| 5/1/2023 | Pending sale | $1,199,000$379/sqft |
Source: Maine Listings #1550802 | ||
| 3/8/2023 | Contingent | $1,199,000$379/sqft |
Source: Maine Listings #1550802 | ||
| 1/11/2023 | Listed for sale | $1,199,000$379/sqft |
Source: Maine Listings #1550802 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,063 | $698,300 |
| 2023 | $10,063 +5.9% | $698,300 |
| 2022 | $9,504 +58.6% | $698,300 +171.7% |
Find assessor info on the county website
Neighborhood: East End
Nearby schools
GreatSchools rating
- 2/10East End Community SchoolGrades: PK-5Distance: 0.6 mi
- 4/10Lyman Moore Middle SchoolGrades: 6-8Distance: 3.5 mi
- 4/10Portland High SchoolGrades: 9-12Distance: 0.5 mi
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$1,205,900
2% more+ $24,118
With Zillow Showcase(estimated)
$1,230,018