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124 Sherman Street, Portland, ME 04101 (MLS# 1679888)

124 Sherman Street, Portland, ME 04101

$789,000
Property Type: Multi-Family Baths: 3 Square Footage: 3,030 Lot Size (sq. ft.): 2,614 Status: Active
Current Price: $789,000 List Date: 9/09/2026 Last Modified: 10/05/2026

Overview

Description

Investors and house hackers - this downtown Portland 3-unit offers a strong income with two 3-bedroom units currently renting for $2,700/month each, while the vacant third-floor 2-bedroom gives you the opportunity to generate more income, move in yourself, or make further improvements to build additional equity. The property is equipped with a sprinkler system, separate electric, and a single gas meter. Add to your investment portfolio or offset your housing costs with rental income.

Listing Details MLS# 1679888

Location Information

Street #
124
Street Name
Sherman
Street Type
Street
County
Cumberland
Town
Portland
State/Province
ME
Zip Code
04101
Zip +4
2142
Leased Land
No
Book
42167
Page
297
Map
48
Block
E
Lot
6
Zoning
RN-4
Zoning Overlay
No
Association
No
Full Tax Amount $
7791
Tax Year
2025
Tree Growth Y/N
No

Contract Information

Original List Price
789000

Property Information

Surveyed
Unknown
Seasonal
No
Owner Occupied
No
Deed/Conveyance Type Offered
Warranty
Deed
All
Deed Restrictions
Unknown
2 Detached Houses on 1 Lot
No
Number of Units
3
Total Baths
3
Total Full Baths
3
Color
Gray
Year Built
1896
SqFt Finished Above Grade
3030
SqFt Finished Total
3030
SqFt Source
Public Records
Garage
No
Lot Size Acres +/-
0.06
Source of Acreage
Public Records

Water Info

Waterfront
No
Water View
No

Building Info

# Stories
3
# Floors
3
# Heating Units
3
# Water Heaters
3

Units

# of 2 BD Units
Yes
# of 3 BD Units
2

More Information

Unit 1

Lease
Yes
Level
First
Security Deposit
Yes
Monthly Rent
2766
# Full Baths
Yes
# of Rooms
5
# of Bedrooms
3
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
No
Heat
No
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 2

Lease
Yes
Level
Second
Security Deposit
Yes
Monthly Rent
2766
# Full Baths
Yes
# of Rooms
5
# of Bedrooms
3
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
No
Heat
No
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 3

Lease
No
Level
Third
Security Deposit
No
Monthly Rent
2100
# Full Baths
Yes
# of Rooms
3
# of Bedrooms
2
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
Yes
Heat
No
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Utilities

Utilities On
Yes

Property Features

Site: Level; Sidewalks Location: Intown Roads: Paved; Public Style: Other Levels: Multi-Level Construction: Wood Frame Basement: Full; Unfinished Basement Entry: Interior Foundation Materials: Block; Brick/Mortar; Poured Concrete Exterior: Asbestos; Other Exterior Roof: Shingle Heat System: Forced Air; Space Heater Heat Fuel: Gas Natural Water Heater: Gas Cooling: None Floors: Vinyl; Wood Amenities: Sprinkler Patio and Porch Features: Porch Driveway: Other Parking: 1 - 4 Spaces; Off Street; On Street Vehicle Storage: No Vehicle Storage Restrictions: No Cats Allowed; No Dogs Allowed Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public

Documents

IDX
Listing Office: Vitalius Real Estate Group, LLC
Last Updated: October - 05 - 2026
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
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