62 Mellen Street, Portland, ME 04101 ⋆

62 Mellen Street, Portland, ME 04101

$1,425,000

62 Mellen St is a 12 unit multi at the corner of Sherman St and Mellen St.

Property Type: Multi-Family Baths: 12 Square Footage: 8,831 Lot Size (sq. ft.): 3,049 Status: Closed

Current Price: $1,425,000 List Date: 7/17/2023 Last Modified: 1/15/2025

Overview

Description

Great downtown location close to Deering Oaks Park and the Arts District for this Parkside 12 unit. Well cared for by the same owner over the last 27 years. Very stable tenant/rental history. Cute units in super walkable location that appeals to tenants. Owner has made consistent improvements to units overtime. Easy management with 10 one bedrooms and 2 studio units. 11 units are occupied and 1 vacant. Expenses have been kept low by smart upgrades over time. No need to worry about landscaping and snow removal with this one either.

Listing Details MLS# 1565331

Location Information

Street #: 62
Street Name: Mellen
Street Type: Street
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04101
Zip +4: 2146
Leased Land: No
Book: 12550
Page: 282
Map: 48
Block: E
Lot: 12
Zoning: R-6
Zoning Overlay: Unknown
Association: No
Full Tax Amount $: 15960
Tax Year: 2022

Contract Information

Original List Price: 1675000

Property Information

Surveyed: Unknown
Seasonal: No
Number of Units: 12
Total Baths: 12
Total Full Baths: 12
Year Built: 1900
SqFt Finished Above Grade: 8831
SqFt Finished Total: 8831
SqFt Source: Public Records
Garage: No
Lot Size Acres +/-: 0.07
Source of Acreage: Public Records
Total Half Baths: 0
SqFt Finished Below Grade: 0
Garage Spaces: 0

Status Change Info

Pending Date: 2023-09-15
Closed Date: 2023-11-27
Closed Price: 1425000

Water Info

Water Frontage: No
Water View: No

Units

# of 1 BD Units: 12

More Information

Unit 1

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1170
# Full Baths: Yes
# of Rooms: 4
# 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 2

Lease: No
Level: First
Security Deposit: No
# Full Baths: Yes
# of Rooms: 4
# 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
Monthly Rent: 0

Unit 3

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1090
# 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: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1095
# Full Baths: Yes
# of Rooms: 5
# 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: Second
Security Deposit: Yes
Monthly Rent: 995
# 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: No
Level: Second
Security Deposit: Yes
Monthly Rent: 1175
# Full Baths: Yes
# of Rooms: 4
# 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: Second
Security Deposit: No
Monthly Rent: 985
# Full Baths: Yes
# of Rooms: 4
# 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: 990
# Full Baths: Yes
# of Rooms: 5
# 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: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 1095
# 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: 871
# Full Baths: Yes
# of Rooms: 2
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: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 1095
# 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: Third
Security Deposit: Yes
Monthly Rent: 1020
# Full Baths: Yes
# of Rooms: 2
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

Site

Corner Lot: Yes
Sidewalks: Yes

Location

Intown: Yes
Near Shopping: Yes
Neighborhood: Yes

Roads

Paved: Yes
Public: Yes

Style

Other: Yes

Construction

Wood Frame: Yes

Levels

Multi-Level: Yes

Basement

Unfinished: Yes
Walk-Out Access: Yes

Exterior

Clapboard: Yes

Roof

Shingle: Yes

Heat System

Steam: Yes

Heat Fuel

Gas Natural: Yes

Income & Expenses

Gross Income: 151452
Operating Expenses: 37859

Cooling

None: Yes

Floors

Other: Yes
Wood: Yes

Parking

No Parking: Yes
On Street: Yes

Electric

Circuit Breakers: Yes
Fuses: Yes

Gas

Natural - On Site: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Driveway

No Driveway: Yes

Basement Entry

Interior: Yes

Water Heater

Gas: Yes

Amenities

Laundry - Coin: Yes
Storage: Yes

Vehicle Storage

No Vehicle Storage: Yes

Property Features

Site: Corner Lot; Sidewalks Location: Intown; Near Shopping; Neighborhood Roads: Paved; Public Style: Other Levels: Multi-Level Construction: Wood Frame Basement: Unfinished; Walk-Out Access Basement Entry: Interior Exterior: Clapboard Roof: Shingle Heat System: Steam Heat Fuel: Gas Natural Water Heater: Gas Cooling: None Floors: Other; Wood Amenities: Laundry - Coin; Storage Driveway: No Driveway Parking: No Parking; On Street Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers; Fuses Gas: Natural - On Site Sewer: Public Sewer Water: Public

Documents

Offer Checklist ›

Income and Expenses ›

Property Disclosure Public Access ›

Multi Family Addendum ›

Lead Paint Addendum Public Access ›

Deed Public Access ›

Arsenic Wood Info Sheet ›

Listing Office: Portside Real Estate Group

IDX

Last Updated: January - 15 - 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.

62 Mellen Street, Portland, ME 04101 (MLS# 1565331)