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  • $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

    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

    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#: 1575681MLS Logo

    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
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