571 Cumberland Avenue, Portland, ME 04101
$1,420,000
Property Type:
Multi-Family
Baths:
12
Square Footage:
8,126
Lot Size (sq. ft.):
39,204
Status:
Closed
Current Price:
$1,420,000
List Date:
6/01/2022
Last Modified:
1/12/2025
Description
12 unit investment opportunity in desirable downtown Portland location! 571 Cumberland Avenue is a professionally managed 12 unit building with four units per level in 11 studio and 1 one bedroom layouts. Units have high ceilings, large windows, steam radiators, and a mix of hardwood flooring and carpet. Built in 1884, this building maintains historic charm with updated features including a central fire alarm system, basement storage, coin-op laundry, upgraded electrical with separate meters, replacement windows, and 3-4 off-street parking spaces. Conveniently located near Maine Medical Center, the Historic West End neighborhood, Tandem Coffee and Bakery, Bramhall, and Hadlock Field.
Supplements: ********
More Information MLS# 1530655
Location Information
Book: 30116
Leased Land: No
Page: 88-89
Map: 48
Block: E
Lot: 16
Zoning Overlay: No
Association: No
Street #: 571
Street Name: Cumberland
Street Type: Avenue
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04101
Zoning: R6
Full Tax Amount $: 17008
Tax Year: 2021
Geo Lat: 43.654513
Geo Lon: -70.272391
Property Information
Surveyed: Unknown
Seasonal: No
Number of Units: 12
Lot Size Acres +/-: 0.9
Total Baths: 12
Total Half Baths: 0
Color: Tan
SqFt Finished Above Grade: 8126
SqFt Finished Below Grade: 0
Garage: No
Garage Spaces: 0
Total Full Baths: 12
Year Built: 1884
SqFt Finished Total: 8126
Source of Acreage: Public Records
Site
Corner Lot: 1
Level: 1
Sidewalks: 1
Location
Intown: 1
Roads
Paved: 1
Public: 1
Water Info
Water Frontage: No
Water View: No
Style
Other: 1
Construction
Wood Frame: 1
Levels
Multi-Level: 1
Basement
Full: 1
Unfinished: 1
Foundation Materials
Brick/Mortar: 1
Exterior
Asbestos: 1
Shingle Siding: 1
Roof
Shingle: 1
Heat System
Radiator: 1
Steam: 1
Heat Fuel
Oil: 1
Income & Expenses
Gross Income: 126052
Operating Expenses: 49214
Cooling
None: 1
Floors
Carpet: 1
Wood: 1
Units
# of 1 BD Units: 12
Parking
1 - 4 Spaces: 1
On Site: 1
Unit 1
Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1071
# Full Baths: 1
# of Rooms: 2
# of Bedrooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Electric
Circuit Breakers: 1
Unit 2
Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 894
# Full Baths: 1
# of Rooms: 1
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
Unit 3
Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 743
# Full Baths: 1
# of Rooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Gas
Natural - On Site: 1
Unit 4
Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 946
# Full Baths: 1
# of Rooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Sewer
Public Sewer: 1
Unit 5
Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1000
# Full Baths: 1
# of Rooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Water
Public: 1
Unit 6
Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1020
# Full Baths: 1
# of Rooms: 1
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: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 850
# Full Baths: 1
# of Rooms: 1
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: No
Level: Second
Security Deposit: Yes
Monthly Rent: 708
# Full Baths: 1
# of Rooms: 1
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: Third
Security Deposit: Yes
Monthly Rent: 654
# Full Baths: 1
# of Rooms: 1
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: 915
# Full Baths: 1
# of Rooms: 1
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: 770
# Full Baths: 1
# of Rooms: 1
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: No
Level: Third
Security Deposit: Yes
Monthly Rent: 750
# Full Baths: 1
# of Rooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: No
Refrigerator: No
Sewer: No
Water: No
Driveway
Gravel: 1
Basement Entry
Interior: 1
Water Heater
Gas: 1
Off Heating System: 1
Amenities
Laundry - Coin: 1
Storage: 1
Vehicle Storage
No Vehicle Storage: 1
Contract Information
Status: Closed
Original List Price: 1500000
Sold Price: $1,420,000
Current Price: $1,420,000
Status Change Info
Pending Date: 2022-06-10
Closed Date: 2022-07-12
Closed Price: 1420000
Property Features
Site: Corner Lot; Level; Sidewalks
Location: Intown
Roads: Paved; Public
Style: Other
Levels: Multi-Level
Construction: Wood Frame
Basement: Full; Unfinished
Basement Entry: Interior
Foundation Materials: Brick/Mortar
Exterior: Asbestos; Shingle Siding
Roof: Shingle
Heat System: Radiator; Steam
Heat Fuel: Oil
Water Heater: Gas; Off Heating System
Cooling: None
Floors: Carpet; Wood
Amenities: Laundry - Coin; Storage
Driveway: Gravel
Parking: 1 - 4 Spaces; On Site
Vehicle Storage: No Vehicle Storage
Electric: Circuit Breakers
Gas: Natural - On Site
Sewer: Public Sewer
Water: Public
Documents
Lead Paint Addendum Public Access ›
Listing Office:
Legacy Properties Sotheby's International Realty
IDX
Last Updated: January - 12 - 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.