This 4-unit is in the most up-and-coming neighborhood in Portland - steps from Batson River, Bayside Bowl, Wilson County BBQ, and Isa. The current rental income yields a 7+ cap rate and there are no base rents! The building has updated units with 4 separate heating systems, including 2 high-efficiency NG and 1 heat pump. A private full-length driveway and backyard make this an attractive home for an investment minded owner-occupant.
Active
Price cut: $55K (4/24)
$995,000
23 Hanover Street, Portland, ME 04101
9beds
3,325sqft
Est.:
Multi Family
Built in 1915
-- sqft lot
$957,600 Zestimate®
$299/sqft
$-- HOA
What's special
Private full-length drivewayHigh-efficiency ngHeat pumpUpdated units
- 31 days
- on Zillow |
- 718 |
- 18 |
Zillow last checked: 7 hours ago
Listing updated: April 24, 2025 at 08:23am
Listed by:
Vitalius Real Estate Group, LLC
Source: Maine Listings,MLS#: 1617065

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard
Cooling
- None
Features
- Flooring: Wood, Tile, Laminate
- Basement: Bulkhead,Brick/Mortar,Full
Interior area
- Total structure area: 3,325
- Total interior livable area: 3,325 sqft
- Finished area above ground: 3,325
- Finished area below ground: 0
Property
Parking
- Parking features: 1 - 4 Spaces, Paved, Off Street, Tandem
Features
- Levels: Multi/Split
Lot
- Size: 3,049.2 Square Feet
- Features: Sidewalks, City Lot, Near Shopping, Near Turnpike/Interstate
Details
- Parcel number: PTLDM033BJ002001
- Zoning: B2B
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Vinyl Siding, Wood Frame
- Roof: Shingle
Condition
- Year built: 1915
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Portland
Financial & listing details
- Price per square foot: $299/sqft
- Tax assessed value: $587,800
- Annual tax amount: $8,823
- Date on market: 3/25/2025
- Road surface type: Paved
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