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.
Closed
$1,350,000
56 Federal Street, Portland, ME 04101
13beds
6,672sqft
Multi Family
Built in 1907
-- sqft lot
$1,391,100 Zestimate®
$202/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: January 17, 2025 at 07:11pm
Listed by:
Portside Real Estate Group
Bought with:
Harborview Properties, Inc.
Source: Maine Listings,MLS#: 1593947

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 13
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Heat Pump, Direct Vent Heater
Cooling
- Heat Pump
Appliances
- Laundry: Laundry - Coin
Features
- 1st Floor Bedroom, Shower, Walk-In Closet(s)
- Flooring: Wood, Tile, Laminate
- Basement: Dirt Floor,Full,Interior Entry,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
- Fencing: Fenced
Lot
- Size: 3,484 sqft
- Features: Level, Sidewalks, Historic District, City Lot, Near Public Beach, Near Shopping, Neighborhood, Near Public Transit
Details
- Zoning: IS-FBC
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding, Wood Frame
- Foundation: Stone, Slab, Brick/Mortar
- Roof: Membrane
Condition
- Year built: 1907
Utilities & green energy
- Electric: On Site, Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Portland
Other
Other facts
- Road surface type: Paved
Services availability

Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.