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55 Grant St
Portland, ME 04101
Income Producing 6-Unit Multifamily · Multifamily Property For Sale
·
6 Units
Executive Summary
Six (6), two (2) bedroom unit multifamily located in Portland’s Parkside neighborhood
Strong walkability (91 Walk Score) to Congress Street, Deering Oaks Park, Old Port, restaurants, and neighborhood retail
Close proximity to major employment centers including Maine Medical Center, downtown office core, and the University of Southern Maine
Separately metered electric updates throughout. New roof installed in 2022
SALE PRICE: $1,150,000 (8.44% cap rate)
Strong walkability (91 Walk Score) to Congress Street, Deering Oaks Park, Old Port, restaurants, and neighborhood retail
Close proximity to major employment centers including Maine Medical Center, downtown office core, and the University of Southern Maine
Separately metered electric updates throughout. New roof installed in 2022
SALE PRICE: $1,150,000 (8.44% cap rate)
Property Facts
| Price Per Unit | $263,178 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 8.44% | Lot Size | 0.10 AC |
| No. Units | 6 | Building Size | 7,312 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1910 |
| Zoning | RN-4 | ||
| Price Per Unit | $263,178 CAD |
| Sale Type | Investment |
| Cap Rate | 8.44% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 7,312 SF |
| No. Stories | 3 |
| Year Built | 1910 |
| Zoning | RN-4 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
Property Taxes
| Parcel Number | PTLD-000048-000000-B018001 | Improvements Assessment | $1,218,367 CAD |
| Land Assessment | $306,966 CAD | Total Assessment | $1,525,333 CAD |
Property Taxes
Parcel Number
PTLD-000048-000000-B018001
Land Assessment
$306,966 CAD
Improvements Assessment
$1,218,367 CAD
Total Assessment
$1,525,333 CAD
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