531 & 535 Cumberland Avenue, Portland, ME 04101 ⋆

531 & 535 Cumberland Avenue, Portland, ME 04101

$1,900,000

Property Type: Multi-Family Baths: 12 Square Footage: 7,720 Lot Size (sq. ft.): 10,890 Status: Closed

Current Price: $1,900,000 List Date: 12/27/2022 Last Modified: 1/13/2025

Overview

Description

Excellent Condition 2-Building apartment complex with ample parking on the edge of Portland's West End. 531 Cumberland is a 5-unit building comprised of a large first-floor 3 bedroom unit and four 1-bedroom units on the upper levels. 535 Cumberland is a 7-unit building with seven 1-bedroom units., storage lockers and laundry room. Large parking lot with 16 spaces. Rarely does a property come on the market this well maintained. Current owner has replaced roofs, boilers and windows, as well as remodeled most apartments and hallways. Units are full of historic charm including original wood floors and moldings, stairwells, etc. Excellent peninsula location within walking distance to the Congress Street corridor, Maine Med, Deering Oaks Park and even the Old Port. Also Listed Commercial MLS# 1543025

Listing Details MLS# 1542944

Location Information

Street #: 531 & 535
Street Name: Cumberland
Street Type: Avenue
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04101
Zip +4: 2100
Leased Land: No
Book: 17526
Page: 218-219, 233-234
Map: 48
Lot: E22, E23
Zoning: R6
Zoning Overlay: Unknown
Association: No
Full Tax Amount $: 24142
Tax Year: 2022

Contract Information

Original List Price: 2100000

Property Information

Surveyed: Unknown
Seasonal: No
Deed/Conveyance Type Offered: Warranty
Number of Units: 12
Total Baths: 12
Total Full Baths: 12
Color: Yellow, Beige
Year Built: 1910
SqFt Finished Above Grade: 6868
SqFt Finished Below Grade: 852
SqFt Finished Total: 7720
SqFt Source: Public Records
Garage: No
Lot Size Acres +/-: 0.25
Source of Acreage: Public Records
Total Half Baths: 0
Garage Spaces: 0

Status Change Info

Pending Date: 2023-01-10
Closed Date: 2023-03-15
Closed Price: 1900000

Water Info

Water Frontage: No
Water View: No

Building Info

# Fireplaces: Yes
# Stories: 3
# Floors: 3
# Heating Units: 2
# Water Heaters: 2

More Information

Units

# of 1 BD Units: 11
# of 3 BD Units: Yes

Unit 1

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 2200
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 3
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: 835
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3

Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 1100
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 4

Lease: No
Level: Third
Security Deposit: Yes
Monthly Rent: 950
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
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: 1050
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
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: 1200
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 7

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1300
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 8

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1025
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 9

Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 1000
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 10

Lease: No
Level: Third
Security Deposit: Yes
Monthly Rent: 1100
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 11

Lease: No
Level: Third
Security Deposit: Yes
Monthly Rent: 1100
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 12

Lease: Yes
Level: Basement
Security Deposit: Yes
Monthly Rent: 1075
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
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: jessica@mainelandconsultants.com

Site

Level: Yes
Sidewalks: Yes

Location

Intown: Yes

Roads

Paved: Yes
Public: Yes

Transportation

Public Transport Access: Yes

Style

New Englander: Yes
Victorian: Yes

Construction

Wood Frame: Yes

Basement

Finished: Yes
Full: Yes
Unfinished: Yes
Walk-Out Access: Yes

Foundation Materials

Brick/Mortar: Yes
Stone: Yes

Exterior

Vinyl Siding: Yes

Roof

Pitched: Yes
Shingle: Yes

Heat System

Steam: Yes

Heat Fuel

Gas Natural: Yes

Income & Expenses

Gross Income: 174204
Operating Expenses: 48690

Cooling

None: Yes

Floors

Carpet: Yes
Tile: Yes
Wood: Yes

Parking

11 - 20 Spaces: Yes
Off Street: Yes
On Site: Yes

Electric

Circuit Breakers: Yes

Gas

Natural - On Site: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Driveway

Gravel: Yes

Restrictions

No Restrictions: Yes

Basement Entry

Bulkhead: Yes
Interior: Yes

Water Heater

Off Heating System: Yes

Window Features

Double Pane Windows: Yes

Amenities

Laundry - Coin: Yes

Patio and Porch Features

Deck: Yes

Equipment

Cable: Yes
Internet Access Available: Yes

Vehicle Storage

No Vehicle Storage: Yes

Property Features

Site: Level; Sidewalks Location: Intown Roads: Paved; Public Transportation: Public Transport Access Style: New Englander; Victorian Construction: Wood Frame Basement: Finished; Full; Unfinished; Walk-Out Access Basement Entry: Bulkhead; Interior Foundation Materials: Brick/Mortar; Stone Exterior: Vinyl Siding Roof: Pitched; Shingle Heat System: Steam Heat Fuel: Gas Natural Water Heater: Off Heating System Cooling: None Floors: Carpet; Tile; Wood Window Features: Double Pane Windows Amenities: Laundry - Coin Patio and Porch Features: Deck Equipment: Cable; Internet Access Available Driveway: Gravel Parking: 11 - 20 Spaces; Off Street; On Site Vehicle Storage: No Vehicle Storage Restrictions: No Restrictions Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public

Documents

I&E, Disc, LP, Deeds, Map, Sketch, Ars ›

Listing Office: Town & Shore Real Estate

IDX

Last Updated: January - 13 - 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.

531 & 535 Cumberland Avenue, Portland, ME 04101 (MLS# 1542944)