Check out this amazing investment opportunity on Portland's Washington Ave offering two spacious 4-bedroom/1-bath units. Each 1,000+ square foot apartment contains large bedrooms, flexible living/dining layouts, and classic period details ready for your finishing touch. A full walk-up attic, served by two existing staircases, presents excellent potential for an additional unit or expanded living space (buyer to verify with the City of Portland). The full basement is perfect for storage and utilities and has blown insulation, two newer natural gas wall hung boilers, and washer/dryer hookups. The garage is in fair condition and currently provides convenient extra storage for tenants or the property owner. Lots of off street parking can be found outside on the nearly completely fenced in lot. This in-town location close to restaurants, coffee, transit, and parks makes for a strong addition to any investors portfolio or a great setup for enjoyable owner occupancy. Tenants will appreciate a convenient bus stop outside of the Washington Avenue entrance. Solid bones, big bedrooms, and an uncommon upside with the attic space. Bring your vision and add value in one of Portland's most convenient corridors.
Active
Price cut: $15K (10/15)
$710,000
605 Washington Avenue, Portland, ME 04103
8beds
2,612sqft
Est.:
Multi Family
Built in 1905
-- sqft lot
$705,900 Zestimate®
$272/sqft
$-- HOA
What's special
Large bedroomsBlown insulationFull basementExpanded living spaceClassic period details
- 107 days |
- 429 |
- 13 |
Zillow last checked: 8 hours ago
Listing updated: November 14, 2025 at 05:12am
Listed by:
Maine Real Estate Co
Source: Maine Listings,MLS#: 1635440
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Hot Water
Cooling
- None
Features
- Bathtub, Shower
- Flooring: Carpet, Laminate
- Basement: Bulkhead,Full,Unfinished,Brick/Mortar
Interior area
- Total structure area: 2,612
- Total interior livable area: 2,612 sqft
- Finished area above ground: 2,612
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Gravel, 5 - 10 Spaces, Off Street, Detached
- Garage spaces: 2
Features
- Patio & porch: Deck, Porch
Lot
- Size: 6,969.6 Square Feet
- Features: Near Shopping, Near Turnpike/Interstate, Near Town, Corner Lot, Level, Sidewalks
Details
- Parcel number: PTLDM428BL001001
- Zoning: RN3
Construction
Type & style
- Home type: MultiFamily
- Architectural style: New Englander
- Property subtype: Multi Family
Materials
- Wood Frame, Aluminum Siding, Vinyl Siding
- Foundation: Brick/Mortar
- Roof: Shingle
Condition
- Year built: 1905
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Portland
Financial & listing details
- Price per square foot: $272/sqft
- Tax assessed value: $501,100
- Annual tax amount: $7,522
- Date on market: 8/25/2025
- Road surface type: Paved
Estimated market value
$705,900
$671,000 - $741,000
$2,725/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/15/2025 | Price change | $710,000-2.1%$272/sqft |
Source: | ||
| 9/10/2025 | Price change | $725,000-3.3%$278/sqft |
Source: | ||
| 8/25/2025 | Listed for sale | $750,000+76.5%$287/sqft |
Source: | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 8/29/2019 | Sold | $425,000+153.1%$163/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,221 | $501,100 |
| 2023 | $7,221 +5.9% | $501,100 |
| 2022 | $6,820 +25.9% | $501,100 +115.7% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,594/mo
Principal & interest
$2753
Property taxes
$592
Home insurance
$249
Climate risks
Neighborhood: East Deering
Nearby schools
GreatSchools rating
- 5/10Presumpscot SchoolGrades: PK-5Distance: 0.2 mi
- 4/10Lyman Moore Middle SchoolGrades: 6-8Distance: 2.1 mi
- 4/10Portland High SchoolGrades: 9-12Distance: 1.6 mi
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