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  • $1,350,000

    56 Federal Street, Portland, ME 04101

    13beds
    6,672sqft
    Multi Family
    Built in 1907
    -- sqft lot
    $1,401,600 Zestimate®
    $202/sqft
    $2,413 Estimated rent

    Home value

    $1,401,600

    $1.28M - $1.54M

    $2,413/mo

    Zestimate® history
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    Owner options

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    $2,413/mo

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    $6,810/mo

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    $6,810/mo

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    What's special

    Welcome to 56-58 Federal Street, ideally positioned between Portland's Munjoy Hill neighborhood and the Old Port area, right in the heart of the city's central business district. This six-unit property presents an exceptional investment opportunity in one of Portland's most coveted locations. Tenants cover their own heating and electricity expenses. The roof, featuring a durable rubber membrane, was replaced just five years ago, and a state-of-the-art on-demand hot water heater was installed in 2022. Imagine residing moments away from the Eastern Promenade, offering stunning vistas of Casco Bay, East End Beach, and a convenient boat launch, all seamlessly connected to the Eastern Trail. Nearby, within a half-mile radius, you'll find a vibrant array of neighborhood restaurants, cafes, music venues, and cultural hotspots. Maine Law School is located .5 mile away and USM and UNE are within 2 miles. Enjoy easy access to an eclectic mix of breweries, boutiques, and eateries that define Portland's dynamic cultural scene. Embrace the lively pace of urban living and relish the myriad amenities of in-town life. Showing Time for group showings on 6/20 & 6/21 11:00 am-1:00 pm. Showings by appointment 10:00 am - 5:00 pm after 6/23.

    Zillow last checked: 7 hours ago

    Listing updated: January 17, 2025 at 07:10pm

    Listed by:

    Portside Real Estate Group

    Bought with:

    Harborview Properties, Inc.

    Source: Maine Listings,MLS#: 1593947MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 13
    • Bathrooms: 6
    • Full bathrooms: 6
    Heating
    • Direct Vent Heater, Heat Pump
    Cooling
    • Heat Pump
    Appliances
    • Included: Tankless Water Heater
    • Laundry: Laundry - Coin
    Features
    • 1st Floor Bedroom, Shower, Walk-In Closet(s)
    • Flooring: Laminate, Tile, Wood
    • Basement: Interior Entry,Dirt Floor,Full,Unfinished
    Interior area
    • Total structure area: 6,672
    • Total interior livable area: 6,672 sqft
    • Finished area above ground: 6,672
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: No Driveway, None
    Features
    • Levels: Multi/Split
    • Stories: 3
    • Patio & porch: Deck
    Lot
    • Size: 3,484 sqft
    • Features: Historic District, City Lot, Near Public Beach, Near Shopping, Neighborhood, Level, Sidewalks
    Details
    • Zoning: IS-FBC

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Vinyl Siding
    • Foundation: Slab, Stone, Brick/Mortar
    • Roof: Membrane
    Condition
    • Year built: 1907

    Utilities & green energy

    • Electric: On Site, Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Utilities On

    Community & neighborhood

    Location
    • Region: Portland

    Other

    Other facts
    • Road surface type: Paved

    Price history

    DateEventPrice
    12/6/2024Sold$1,350,000-9.9%$202/sqft
    Source: Maine Listings #1593947 Report a problem
    10/15/2024Pending sale$1,499,000$225/sqft
    Source: Maine Listings #1593947 Report a problem
    10/9/2024Contingent$1,499,000$225/sqft
    Source: Maine Listings #1593947 Report a problem
    6/19/2024Listed for sale$1,499,000$225/sqft
    Source: Maine Listings #1593947 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: East Bayside-India Street

    Nearby schools

    GreatSchools rating
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    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $1,401,600
    2% more
    +$28,032
    With Zillow Showcase(estimated)
    $1,429,632