Incredible turnkey Triplex with strong cash flow (114K+ income), perfect for Investment or owner occupancy. This updated property with many recent improvements is conveniently situated in downtown Portland with easy access to Maine Med, restaurants, shopping, and much more.
This low-maintenance updated building offers spacious 3 apartments, two are 4 bedroom, 1.5 bath and third floor unit features 5 bedrooms and 2 full bathrooms. The financials for this property are outstanding, with projected yearly profit of $94K+. Alternatively, an owner could choose to reside in one of the apartments while renting out the others to cover most of the mortgage.
With a low maintenance updated units with 3 great tenants, small rear yard, three deeded off street parking spots, fantastic rental income, and downtown location, this is a rare opportunity that should not be missed.
Investors take notice, Seller is offering 2 turnkey cash flowing downtown properties with 147K+ NOI rare 9.2+% cap rate. Great to make more income from less tenants
Closed
$930,000
317-319 Valley Street, Portland, ME 04102
12beds
3,450sqft
Multi Family
Built in 1911
-- sqft lot
$1,004,600 Zestimate®
$270/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: January 15, 2025 at 07:15pm
Listed by:
Real Broker
Bought with:
Malone Commercial Brokers, Inc.
Source: Maine Listings,MLS#: 1573930

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
- Full bathrooms: 4
- 1/2 bathrooms: 2
Heating
- Multi-Zones, Hot Water, Forced Air, Direct Vent Furnace, Baseboard
Cooling
- None
Appliances
- Laundry: Washer Hookup
Features
- 1st Floor Bedroom
- Flooring: Wood, Tile, Laminate
- Basement: Dirt Floor,Full,Interior Entry,Unfinished
Interior area
- Total structure area: 3,450
- Total interior livable area: 3,450 sqft
- Finished area above ground: 3,450
- Finished area below ground: 0
Property
Parking
- Parking features: 1 - 4 Spaces, Paved, Common, Off Street
Features
- Levels: Multi/Split
- Stories: 3
Lot
- Size: 3,484 sqft
- Features: Level, Sidewalks, Interior Lot, Near Shopping, Near Town, Near Public Transit, Near Railroad
Details
- Zoning: B2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding, Clapboard, Wood Frame
- Foundation: Concrete Perimeter, Brick/Mortar
- Roof: Membrane
Condition
- Year built: 1911
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Portland
Other
Other facts
- Road surface type: Paved
Services availability

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