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  • $1,400,000

    280 Lincoln Street, South Portland, ME 04106

    10beds
    9,854sqft
    Multi Family
    Built in 1900
    -- sqft lot
    $1,453,100 Zestimate®
    $142/sqft
    $3,030 Estimated rent

    Owner options

    List your home for rent

    $3,030/mo

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    $3,030/mo

    Rent Zestimate®

    Refinance and save

    $7,085/mo

    Est. payment

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    $7,085/mo

    Est. payment

    What's special

    Located in South Portland's Ligonia neighborhood, this is a unique opportunity to purchase a turnkey 7-unit residential apartment building and a 5,582 SF flex building, currently with 7-commercial tenants. The apartment building is in great condition, with many renovated units, two newer boilers, a brand-new deck, fresh paint and replacement windows. The flex building is divided into 7 studios/workshops, currently occupied by long term artists and ''maker'' tenants on an at-will basis. The owner occupies one of the commercial units as a workshop and can either remain as a tenant or vacate for a new owner. This property is ideal as a fully occupied investment or for an owner-user seeking shop space while offsetting occupancy costs with rental income.

    Zillow last checked: 7 hours ago

    Listing updated: February 05, 2025 at 01:50pm

    Listed by:

    Vitalius Real Estate Group, LLC

    Bought with:

    Keller Williams Realty

    Source: Maine Listings,MLS#: 1599566MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 7
    • Full bathrooms: 7
    Heating
    • Baseboard
    Cooling
    • None
    Features
    • Flooring: Laminate, Concrete
    • Basement: Interior,Unfinished
    Interior area
    • Total structure area: 9,854
    • Total interior livable area: 9,854 sqft
    • Finished area above ground: 9,854
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: 11 - 20 Spaces, Gravel, Paved
    Features
    • Levels: Multi/Split
    Lot
    • Size: 0.69 Acres
    • Features: Open Lot, Level, Near Turnpike/Interstate, Near Town
    Details
    • Zoning: A

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Wood Siding, Vinyl Siding, Clapboard, Wood Frame
    • Roof: Flat,Shingle
    Condition
    • Year built: 1900

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Utilities On

    Community & neighborhood

    Location
    • Region: South Portland

    Other

    Other facts
    • Road surface type: Paved