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.
Closed
$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
What's special
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#: 1599566

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