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  • $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

    - 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

    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#: 1520688MLS Logo

    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
    Services availability