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481 Cumberland Avenue, Portland, ME 04101

New Listing
$1,200,000
Property Type: Multi-Family Baths: 5 Square Footage: 4,086 Lot Size (sq. ft.): 4,792 Status: Active
Current Price: $1,200,000 List Date: 8/13/2026 Last Modified: 8/19/2026

Overview

Description

Welcome to 481 Cumberland: a brick 4-unit with its own private parking lot and move-in ready units, an increasingly hard-to-find combination in Portland. The largest unit is two floors with 2 bedrooms and a den, 1.5 baths, and in-unit laundry. The other three units are trendy 1 bds with lofty ceilings, hardwood floors and authentic historic details. Two of the units have been used as Short Term Rentals, generating significant income for the owners. This property will be delivered vacant, creating maximum flexibility and upside to the buyer. Owner occupants are not rent restricted by Portland's Rent Control - so the buyer can live in one unit and rent the other three at market rate.

Listing Details MLS# 1676051

Location Information

Street #
481
Street Name
Cumberland
Street Type
Avenue
County
Cumberland
Town
Portland
State/Province
ME
Zip Code
04101
Zip +4
2217
Leased Land
No
Book
39721
Page
144
Map
48
Block
F
Lot
25
Zoning
RN-4
Zoning Overlay
No
Association
No
Full Tax Amount $
14292
Tax Year
2026
Tree Growth Y/N
No

Contract Information

Original List Price
1200000

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
4
Total Baths
5
Total Full Baths
4
Total Half Baths
Yes
Color
brick
Year Built
1866
SqFt Finished Above Grade
4086
SqFt Finished Total
4086
SqFt Source
Public Records
Garage
No
Lot Size Acres +/-
0.11
Source of Acreage
Public Records
SqFt Finished Below Grade
0
Garage Spaces
0

Water Info

Water Frontage
No
Water View
No

Units

# of 1 BD Units
3
# of 2 BD Units
Yes

Unit 1

Lease
No
Level
First
Security Deposit
No
Monthly Rent
2200
# Full Baths
Yes
# of Rooms
3
# of Bedrooms
Yes
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
Yes
Electric
Yes
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

More Information

Unit 2

Lease
No
Level
First
Security Deposit
No
Monthly Rent
2200
# Full Baths
Yes
# of Rooms
3
# of Bedrooms
Yes
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
Yes
Electric
Yes
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 3

Lease
No
Level
Second
Security Deposit
No
Monthly Rent
2000
# Full Baths
Yes
# of Rooms
3
# of Bedrooms
Yes
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
Yes
Electric
Yes
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 4

Lease
No
Level
Second
Security Deposit
No
Monthly Rent
3050
# Full Baths
Yes
# Half Baths
Yes
# of Rooms
5
# of Bedrooms
2
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
Yes
Electric
Yes
Heat
Yes
Range
Yes
Refrigerator
Yes
Water
Yes
Sewer
Yes

Utilities

Utilities On
Yes

Levels

Three or More
Yes

Site

Level
Yes
Open
Yes
Sidewalks
Yes

Location

Intown
Yes

Roads

Paved
Yes
Public
Yes

Transportation

Major Road Access
Yes
Near Airport
Yes
Public Transport Access
Yes

Style

Other
Yes

Construction

Masonry
Yes

Basement

Brick/Mortar
Yes
Full
Yes
Unfinished
Yes

Exterior

Brick
Yes

Roof

Shingle
Yes

Heat System

Radiator
Yes
Steam
Yes
Zoned
Yes

Heat Fuel

Oil
Yes

Income & Expenses

Gross Income
113400
Operating Expenses
27181

Cooling

None
Yes

Floors

Tile
Yes
Wood
Yes

Parking

5 - 10 Spaces
Yes
Off Street
Yes
On Site
Yes

Electric

Circuit Breakers
Yes

Gas

No Gas
Yes

Sewer

Public Sewer
Yes

Water

Public
Yes

Driveway

Gravel
Yes

Restrictions

No Restrictions
Yes

Basement Entry

Doghouse
Yes
Interior
Yes

Water Heater

Electric
Yes

Amenities

Laundry - Hookup
Yes

Vehicle Storage

No Vehicle Storage
Yes

Property Features

Site: Level; Open; Sidewalks Location: Intown Roads: Paved; Public Transportation: Major Road Access; Near Airport; Public Transport Access Style: Other Levels: Three or More Construction: Masonry Basement: Brick/Mortar; Full; Unfinished Basement Entry: Doghouse; Interior Exterior: Brick Roof: Shingle Heat System: Radiator; Steam; Zoned Heat Fuel: Oil Water Heater: Electric Cooling: None Floors: Tile; Wood Amenities: Laundry - Hookup Driveway: Gravel Parking: 5 - 10 Spaces; Off Street; On Site Vehicle Storage: No Vehicle Storage Restrictions: No Restrictions Electric: Circuit Breakers Gas: No Gas Sewer: Public Sewer Water: Public
IDX
Listing Office: Vitalius Real Estate Group, LLC
Last Updated: August - 19 - 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.