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  • $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

    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

    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#: 1573930MLS Logo

    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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