481 Cumberland AVE, Portland, ME 04101
481 Cumberland AVE, Portland, ME 04101
481 Cumberland AVE, Portland, ME 04101
481 Cumberland AVE, Portland, ME 04101
481 Cumberland AVE, Portland, ME 04101
481 Cumberland AVE, Portland, ME 04101
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Daniel Picard

Daniel Picard

+1(207) 571-0839
Listed by Briton Vitalius Vitalius Real Estate Group, LLC
$ 1,200,000
Est. payment | /mo

5 Baths

4,086 SqFt

Save
$ 1,200,000
Est. payment | /mo
Save

5 Baths

4,086 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,086 sqft

Price per Sqft $293

MLS Listing ID 1676051

Full Baths 4

HOA Y/N No

Year Built 1866

Tax Year 2026

Lot Size 4,791 Sqft

Acres 0.11

Source Maine Listings

Land Area 4086

Property Description

Welcome to 481 Cumberland: a brick 4-unit with its own private parking lot and move-in ready units, an increasingly hard-to-find combination in Portland. The largest unit is two floors with 2 bedrooms and a den, 1.5 baths, and in-unit laundry. The other three units are trendy 1 bds with lofty ceilings, hardwood floors and authentic historic details. Two of the units have been used as Short Term Rentals, generating significant income for the owners. This property will be delivered vacant, creating maximum flexibility and upside to the buyer. Owner occupants are not rent restricted by Portland's Rent Control - so the buyer can live in one unit and rent the other three at market rate.

Location

State ME

County Cumberland

Zoning RN-4

Rooms

Basement Doghouse, Interior Entry, Full, Unfinished, Brick/Mortar

Interior

Heating Oil, Zoned, Radiator, Steam

Cooling None

Flooring Tile, Wood

Laundry Washer Hookup

Exterior

Parking Features Gravel, 5 - 10 Spaces, On Site, Off Street

Roof Type Shingle

Garage No

Building

Lot Description Intown, Level, Open Lot, Sidewalks, Near Public Transit

Water Public

Architectural Style Other

Others

Tax ID PTLD-000048-F000025-000001

Maine MLS (MREIS) IDX

Schools and Properties Nearby

Daniel Picard

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(207) 571-0839

daniel@rootsinmaine.com

Learn More About LPT Realty

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481 Cumberland AVE