| Up North Realty Maine

272 State Street, Portland, ME 04101 (MLS# 1578491)

272 State Street, Portland, ME 04101

$1,300,000
Property Type: Multi-Family Baths: 7 Square Footage: 4,454 Lot Size (sq. ft.): 5,227 Status: Closed
Current Price: $1,300,000 List Date: 12/01/2023 Last Modified: 5/21/2025

Overview

Description

This impressive Parkside, brick 7-unit property is a testament to timeless elegance. As you approach, the stately presence of the building captures your attention, showcasing the enduring beauty of its architecture. The classic slate roof adds a touch of durability and tradition, setting the tone for what lies within. The interior exudes character and charm and is a mix of old and new respecting the historical essence while ensuring a comfortable and contemporary living experience for all. For your convenience, a large lot provides ample off-street parking—a rare find in this historic district. The solid rental history speaks volumes about the desirability of this property. Presently, all seven units are occupied by responsible tenants, ensuring a steady and reliable income stream. To add to the appeal, tenants manage their own electric expenses. This is a piece of Portland's rich heritage ready to become a new chapter in your real estate story.

Listing Details MLS# 1578491

Location Information

Street #
272
Street Name
State
Street Type
Street
County
Cumberland
Town
Portland
State/Province
ME
Zip Code
04101
Zip +4
2349
Leased Land
No
Book
26731
Page
322
Map
48
Block
D
Lot
12
Zoning
R6
Zoning Overlay
Unknown
Association
No
Full Tax Amount $
12151
Tax Year
2022

Contract Information

Original List Price
1500000

Property Information

Surveyed
Unknown
Seasonal
No
Number of Units
7
Total Baths
7
Total Full Baths
7
Year Built
1894
SqFt Finished Above Grade
4454
SqFt Finished Total
4454
SqFt Source
Public Records
Garage
No
Lot Size Acres +/-
0.12
Source of Acreage
Public Records
Total Half Baths
0
SqFt Finished Below Grade
0
Garage Spaces
0

Status Change Info

Pending Date
2023-12-10
Closed Date
2024-01-18
Closed Price
1300000

Water Info

Water Frontage
No
Water View
No

Units

# of 1 BD Units
7

More Information

Unit 1

Lease
No
Level
First
Security Deposit
Yes
Monthly Rent
1326
# Full Baths
Yes
# of Rooms
3
# of Bedrooms
Yes
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
No
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 2

Lease
No
Level
Second
Security Deposit
Yes
Monthly Rent
1384
# Full Baths
Yes
# of Rooms
3
# of Bedrooms
Yes
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
No
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
No
Water
No

Unit 3

Lease
No
Level
Second
Security Deposit
Yes
Monthly Rent
1540
# Full Baths
Yes
# of Rooms
3
# of Bedrooms
Yes
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
No
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 4

Lease
Yes
Level
Third
Security Deposit
Yes
Monthly Rent
1152
# Full Baths
Yes
# of Rooms
3
# of Bedrooms
Yes
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
No
Heat
Yes
Range
Yes
Refrigerator
Yes
Water
Yes
Sewer
Yes

Unit 5

Lease
No
Level
Third
Security Deposit
Yes
Monthly Rent
1230
# Full Baths
Yes
# of Rooms
3
# of Bedrooms
Yes
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
No
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 6

Lease
Yes
Level
First
Security Deposit
Yes
Monthly Rent
1556
# Full Baths
Yes
# of Rooms
3
# of Bedrooms
Yes
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
No
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 7

Lease
Yes
Level
First
Security Deposit
Yes
Monthly Rent
1144
# Full Baths
Yes
# of Rooms
Yes
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
No
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Utilities

Utilities On
Yes

Sold Info

Appraiser Email Address
windham1941@gmail.com

Site

Level
Yes
Sidewalks
Yes

Location

Historic District
Yes
Intown
Yes
Near Shopping
Yes
Near Turnpike/Interstate
Yes
Neighborhood
Yes

Roads

Paved
Yes
Public
Yes

Style

Other
Yes

Construction

Masonry
Yes

Basement

Full
Yes

Foundation Materials

Brick/Mortar
Yes

Exterior

Brick
Yes

Roof

Slate
Yes

Heat System

Hot Water
Yes

Heat Fuel

Gas Natural
Yes

Income & Expenses

Gross Income
112380
Operating Expenses
25487

Cooling

None
Yes

Floors

Tile
Yes
Wood
Yes

Parking

5 - 10 Spaces
Yes

Electric

Circuit Breakers
Yes

Gas

Natural - On Site
Yes

Sewer

Public Sewer
Yes

Water

Public
Yes

Driveway

Common
Yes
Gravel
Yes
Paved
Yes

Basement Entry

Bulkhead
Yes

Water Heater

Off Heating System
Yes

Vehicle Storage

No Vehicle Storage
Yes

Property Features

Site: Level; Sidewalks Location: Historic District; Intown; Near Shopping; Near Turnpike/Interstate; Neighborhood Roads: Paved; Public Style: Other Construction: Masonry Basement: Full Basement Entry: Bulkhead Foundation Materials: Brick/Mortar Exterior: Brick Roof: Slate Heat System: Hot Water Heat Fuel: Gas Natural Water Heater: Off Heating System Cooling: None Floors: Tile; Wood Driveway: Common; Gravel; Paved Parking: 5 - 10 Spaces Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public

Documents

Listing Office: Townsend Real Estate
IDX
Last Updated: May - 21 - 2025
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 ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
Search powered by FBS Products