55-57-59 St Lawrence Street, Portland, ME 04101 ⋆

55-57-59 St Lawrence Street, Portland, ME 04101

$2,200,000

Property Type: Multi-Family Baths: 7 Square Footage: 9,600 Lot Size (sq. ft.): 11,326 Status: Closed

Current Price: $2,200,000 List Date: 10/07/2025 Last Modified: 2/28/2026

Overview

Description

Rare opportunity in one of New England's most desirable coastal communities! Ideally located on a quiet street atop Portland's historic Munjoy Hill, this seven-unit multifamily includes a separate buildable lot — an extraordinary find in one of the city's most coveted RN4 (formerly R6) residential zones. Originally built as a classic double-triple, the property now offers seven well-maintained units with significant updates, modern life-safety systems, and individual utilities — each tenant pays their own heat, hot water, and electricity. The building has been carefully maintained, and rents have kept pace with the market, producing an NOI of ~ $107,000 and a healthy 5% cap rate with strong, consistent income. The real value lies in the adjoining buildable lot, capable of supporting 9 new residential units. Buildings in this zone may reach up to 45 feet in height, offering commanding ocean and city views. The property has already been surveyed, and preliminary civil engineering an ... (Read more)

Listing Details MLS# 1640137

Location Information

Street #: 55-57-59
Street Name: St Lawrence
Street Type: Street
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04101
Leased Land: No
Book: 32341,32689
Page: 90, 166-168
Map: 016
Block: E
Lot: 16-19
Zoning: RN-4
Zoning Overlay: No
Neighborhood Association: Munjoy Hill Neighborhood Conservation District
Association: No
School District: Portland Public Schools
Full Tax Amount $: 18906
Tax Year: 2026
Tree Growth Y/N: No

Contract Information

Original List Price: 2250000

Property Information

Surveyed: Yes
Seasonal: No
Owner Occupied: No
Deed/Conveyance Type Offered: Warranty
Deed: All
Deed Restrictions: Unknown
Bank Owned REO: No
2 Detached Houses on 1 Lot: No
Number of Units: 7
Total Baths: 7
Total Full Baths: 7
Color: White
Year Built: 1915
SqFt Finished Above Grade: 9600
SqFt Finished Total: 9600
SqFt Source: Public Records
Garage: No
Lot Size Acres +/-: 0.26
Source of Acreage: Public Records
Road Frontage: No
Total Half Baths: 0
SqFt Finished Below Grade: 0
Garage Spaces: 0

Status Change Info

Pending Date: 2025-10-15
Closed Date: 2026-02-27
Closed Price: 2200000

Water Info

Water Frontage: No
Water View: Yes
Water Body Name: Casco Bay

Building Info

# Stories: 3
# Floors: 3
# Heating Units: 7
# Water Heaters: 7

More Information

Units

# of 1 BD Units: 2
# of 2 BD Units: 4
# of 3 BD Units: Yes

Unit 1

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1735
# Full Baths: Yes
# of Rooms: 2
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1561
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 2395
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 4

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1295
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Water: Yes
Sewer: Yes

Unit 5

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1740
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 6

Lease: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 1675
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 7

Lease: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 2300
# Full Baths: Yes
# of Rooms: 6
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Utilities

Utilities On: Yes

Sold Info

Appraiser Email Address: Bonnie@jpowellappraisals.com

Levels

Multi-Level: Yes

Site

Level: Yes
Rolling/Sloping: Yes
Sidewalks: Yes

Location

Intown: Yes
Near Country Club: Yes
Near Golf Course: Yes
Near Public Beach: Yes
Near Railroad: Yes
Near Shopping: Yes
Near Turnpike/Interstate: Yes
Neighborhood: Yes

Roads

Paved: Yes
Public: Yes

Transportation

Major Road Access: Yes
Near Airport: Yes
Public Transport Access: Yes
Rail Available: Yes

Water Body Type

Bay: Yes
Ocean: Yes

Recreational Water

Nearby: Yes
Public: Yes

Style

Other: Yes

Construction

Wood Frame: Yes

Other Structures

Shed(s): Yes

Basement

Bulkhead: Yes
Full: Yes
Unfinished: Yes

View

Scenic: Yes

Foundation Materials

Brick/Mortar: Yes
Stone: Yes

Exterior

Vinyl Siding: Yes

Roof

Flat: Yes

Heat System

Direct Vent Heater: Yes

Energy Efficiency

Ceiling Fans: Yes

Heat Fuel

Gas Natural: Yes

Income & Expenses

Gross Income: 152412
Operating Expenses: 45744

Cooling

None: Yes

Floors

Laminate: Yes
Tile: Yes
Vinyl: Yes
Wood: Yes

Parking

11 - 20 Spaces: Yes
On Site: Yes
Paved: Yes

Electric

Circuit Breakers: Yes

Gas

Natural - On Site: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Driveway

Gravel: Yes
Paved: Yes

Restrictions

No Restrictions: Yes

Basement Entry

Bulkhead: Yes
Interior: Yes

Water Heater

Gas: Yes

Window Features

Double Pane Windows: Yes

Amenities

1st Floor Bedroom: Yes
Bathtub: Yes
Fence: Yes
Laundry - Coin: Yes
Laundry - Hookup: Yes
One-Floor Living: Yes
Other Amenities: Yes
Pantry: Yes
Shower: Yes
Storage: Yes

Patio and Porch Features

Porch: Yes

Equipment

Cable: Yes
Internet Access Available: Yes

Vehicle Storage

No Vehicle Storage: Yes

Property Features

Site: Level; Rolling/Sloping; Sidewalks Location: Intown; Near Country Club; Near Golf Course; Near Public Beach; Near Railroad; Near Shopping; Near Turnpike/Interstate; Neighborhood Roads: Paved; Public Transportation: Major Road Access; Near Airport; Public Transport Access; Rail Available Water Body Type: Bay; Ocean Recreational Water: Nearby; Public View: Scenic Style: Other Levels: Multi-Level Construction: Wood Frame Other Structures: Shed(s) Basement: Bulkhead; Full; Unfinished Basement Entry: Bulkhead; Interior Foundation Materials: Brick/Mortar; Stone Exterior: Vinyl Siding Roof: Flat Heat System: Direct Vent Heater Heat Fuel: Gas Natural Water Heater: Gas Cooling: None Floors: Laminate; Tile; Vinyl; Wood Window Features: Double Pane Windows Amenities: 1st Floor Bedroom; Bathtub; Fence; Laundry - Coin; Laundry - Hookup; One-Floor Living; Other Amenities; Pantry; Shower; Storage Patio and Porch Features: Porch Equipment: Cable; Internet Access Available Energy Efficiency: Ceiling Fans Driveway: Gravel; Paved Parking: 11 - 20 Spaces; On Site; Paved Vehicle Storage: No Vehicle Storage Restrictions: No Restrictions Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public

Documents

Property Disclosure Public Access ›

Due Diligence - Concept Site Plan ›

Income and Expenses ›

Multi Family Addendum ›

Lead Paint Addendum Public Access ›

FEMA FIRMetta ›

Deed Public Access ›

Deed #2 ›

Lease 57-1 (Unit 1) ›

Lease 57-2 (Unit 2) ›

Lease 57-3 (Unit 3) ›

Lease 59a-1 (Unit 4) ›

Lease 59a-2 (Unit 5) ›

Lease 59a-3 (Unit 6) ›

Lease 59a-4 (Unit 7) ›

Listing Office: Benchmark Real Estate

IDX

Last Updated: February - 28 - 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 ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.

55-57-59 St Lawrence Street, Portland, ME 04101 (MLS# 1640137)