214 Park AvePortland, ME 04102

Property Details for 214 Park Ave

Year built

1890

Lot size

0.07 AC

Property size (Sq ft)

2,256 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional three-unit apartment building, located at 214 Park Avenue in Portland, Maine's desirable Parkside neighborhood, presents a compelling investment opportunity. The property, built in 1890, boasts a total of 2,256 square feet situated on a 0.07-acre lot. Each of the three units offers an identical, modern two-bedroom layout, ensuring consistent rental appeal and simplified management. Recent updates enhance the property's value and attractiveness to tenants. The building features four off-street parking spaces, a highly desirable amenity in this vibrant area. The permitted zoning is R6. The heating system is fueled by natural gas (FHW). A recent inspection revealed no known sewer line issues and no observed moisture in the basement. The roof, a flat rubber and asphalt design, is estimated to be over 20 years old. This property offers a blend of classic charm and modern convenience, making it an ideal investment for both seasoned and aspiring real estate investors, or a comfortable owner-occupied residence with rental income potential. The asking price is $699,000. The property's address is 214 Park Ave, Portland, ME 04102.

Location Insight

City

Portland

County

Cumberland

State

Maine

Latitude

43.6557

Longitude

-70.2757

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