- 16 exempt, value-add units for sale on Portland's peninsula.
- Exempt from City of Portland Rental Control Ordinance
- Multi-Family building comprised of 16 units totaling 12,496± SF
- Spacious and efficient layout, all units with three-bedrooms on 4-stories
- Exceptional cash-flow opportunity at an opportune time to invest in a growing neighborhood on Portland's peninsula
- Professionally managed building protected by code-compliant, centrally monitored alarm and sprinkler system
- Walkable to Old Port, Downtown Business District District and Whole Foods/Bayside Area
- Projected Cap Rate: 9.22%
- Sale Price: $2,995,000
Closed
$3,150,000
41 Chestnut Street, Portland, ME 04101
48beds
15,620sqft
Multi Family
Built in 1900
-- sqft lot
$3,532,300 Zestimate®
$202/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: January 10, 2025 at 07:06pm
Listed by:
Porta & Company
Bought with:
RE/MAX Riverside
Source: Maine Listings,MLS#: 1520688

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 48
- Bathrooms: 16
- Full bathrooms: 16
Heating
- Baseboard
Cooling
- None
Features
- Flooring: Wood, Vinyl, Carpet
- Basement: Walk-Out Access,Daylight,Full
Interior area
- Total structure area: 15,620
- Total interior livable area: 15,620 sqft
- Finished area above ground: 12,496
- Finished area below ground: 3,124
Property
Parking
- Parking features: 1 - 4 Spaces, Paved
Features
- Levels: Multi/Split
- Stories: 4
- Waterfront features: Cove
- Body of water: Casco Bay
Lot
- Size: 4,356 sqft
- Features: Level, City Lot, Neighborhood
Details
- Zoning: R6
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding, Wood Frame
- Foundation: Slab, Brick/Mortar
- Roof: Flat,Membrane
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Fire Sprinkler System, Fire System
Location
- Region: Portland
Other
Other facts
- Road surface type: Paved