The ''Charles Tobie House'' represents a rare opportunity to purchase one of Portland's most stately and admired multi-units. This 13-Unit proudly sits on the corner of State and Sherman Street and is ideally located in the Parkside neighborhood of Portland. Located between USM and Maine Medical Center, the ability to command top rents is assured! This property features a large off-street parking lot, coin-op laundry, separate/metered utilities, and a city monitored fire alarm system with fire suppression. There is a large value-add opportunity for the next owner and plenty of charming details still intact. 2 of the 13 Units have been left vacant allowing an opportunity for the next owner to renovate or simply lease at a higher rate. This property is now offered BELOW appraised value - one of very few (if any) properties in Portland offering equity at closing! This is an opportunity not to be missed. For a video walk-thru go to YouTube and enter the property address.
Closed
$1,400,000
264 State Street, Portland, ME 04101
4beds
5,225sqft
Multi Family
Built in 1900
-- sqft lot
$1,563,300 Zestimate®
$268/sqft
$2,621 Estimated rent
Home value
$1,563,300
$1.39M - $1.77M
$2,621/mo
Zestimate® history
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$7,062/mo
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Est. payment
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Zillow last checked: 7 hours ago
Listing updated: January 11, 2025 at 07:12pm
Listed by:
Keller Williams Realty (207)232-8877
Bought with:
Porta & Company
Source: Maine Listings,MLS#: 1544862
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 13
- Full bathrooms: 13
Heating
- Direct Vent Heater
Cooling
- None
Appliances
- Laundry: Laundry - Coin
Features
- Flooring: Laminate, Tile, Vinyl, Wood
- Basement: Exterior Entry,Walk-Out Access,Finished,Brick/Mortar
Interior area
- Total structure area: 5,225
- Total interior livable area: 5,225 sqft
- Finished area above ground: 5,225
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, 5 - 10 Spaces, Off Street
Features
- Stories: 3
Lot
- Size: 4,791 sqft
- Features: Historic District, City Lot, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Corner Lot, Sidewalks
Details
- Zoning: R6
- Other equipment: Internet Access Available, Other
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Victorian
- Property subtype: Multi Family
Materials
- Masonry, Brick
- Foundation: Brick/Mortar
- Roof: Slate
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Green energy
- Energy efficient items: Water Heater
Community & neighborhood
Security
- Security features: Fire System, Fire Sprinkler System
Location
- Region: Portland
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 3/31/2023 | Sold | $1,400,000-22.2%$268/sqft |
Source:  Maine Listings #1544862 Report a problem | ||
| 2/9/2023 | Pending sale | $1,800,000$344/sqft |
Source: Maine Listings #1544862 Report a problem | ||
| 1/18/2023 | Contingent | $1,800,000$344/sqft |
Source: Maine Listings #1544862 Report a problem | ||
| 11/16/2022 | Price change | $1,800,000-18%$344/sqft |
Source: Maine Listings #1544862 Report a problem | ||
| 10/3/2022 | Listed for sale | $2,195,000$420/sqft |
Source: Maine Listings #1544862 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Parkside
Nearby schools
GreatSchools rating
- 3/10Howard C Reiche Community SchoolGrades: PK-5Distance: 0.4 mi
- 2/10King Middle SchoolGrades: 6-8Distance: 0.3 mi
- 4/10Portland High SchoolGrades: 9-12Distance: 0.5 mi
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$1,563,300
2% more
+$31,266
With Zillow Showcase(estimated)
$1,594,566
- Maine
- Cumberland County
- Portland
- 04101
- Parkside
- 264 State Street