Few locations rival Willard for desirability, walkability, bikeability and rentability and this rare 6 unit sits right in the middle. Located a short distance from everything that makes this location soooo livable, from shops and schools, playgrounds and park and of course Willard Beach, this quality multi is priced for immediate sale. The exterior is low maintenance with lots of updates, lots of parking, lots of decks and lots of light. Inside 5 of the 6 units are updated with separate utilities and 5 of 6 tenants paying all utilities (except water/waste water) Rents are well below market with plenty of room to significantly increase. As an alternative to long term rents this property and location are ideal for short term and income maximization. $70K of NOI and a 7 CAP make this a rare cash flow investment day one. ONLY showings (open to agents and buyers with no appointment needed) 10/26, 27, 30, 31 from 12-2. Offers due and reviewed 10/31 @ 3PM
Closed
$1,230,000
245 Preble Street, South Portland, ME 04106
8beds
4,146sqft
Multi Family
Built in 1850
-- sqft lot
$1,327,300 Zestimate®
$297/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: January 15, 2025 at 07:15pm
Listed by:
Benchmark Real Estate
Bought with:
Coldwell Banker Realty
Source: Maine Listings,MLS#: 1575681

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Space Heater, Direct Vent Heater
Cooling
- None
Appliances
- Laundry: Washer Hookup
Features
- 1st Floor Bedroom, Bathtub, One-Floor Living, Other, Pantry, Shower, Storage
- Flooring: Wood, Vinyl, Laminate, Carpet
- Basement: Walk-Out Access,Full,Sump Pump,Unfinished
Interior area
- Total structure area: 4,146
- Total interior livable area: 4,146 sqft
- Finished area above ground: 4,146
- Finished area below ground: 0
Property
Parking
- Parking features: 5 - 10 Spaces, Gravel, On Site, Off Street
Features
- Patio & porch: Deck
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 0.33 Acres
- Features: Level, Open Lot, Sidewalks, Landscaped, Wooded, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Suburban, Near Public Transit, Near Railroad
Details
- Additional structures: Shed(s)
- Zoning: G
Construction
Type & style
- Home type: MultiFamily
- Architectural style: New Englander
- Property subtype: Multi Family
Materials
- Vinyl Siding, Wood Frame
- Foundation: Stone, Concrete Perimeter, Brick/Mortar
- Roof: Shingle
Condition
- Year built: 1850
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: South Portland
Other
Other facts
- Road surface type: Paved
Services availability

Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.