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743 Congress St 2 Unit Apartment Building $2,171,634 CAD ($1,085,817 CAD/Unit) 7.02% Cap Rate Portland, ME 04102
Executive Summary
Rare opportunity to purchase this 10 unit mixed use investment property that was designed by the renowned architect “John Calvin Stevens” This property is in impeccable condition and offers under market street level retail + 9 units upstairs (3) 1 bedrooms + (3) studios & (3) rooms. When you walk into this trophy property you will notice the over the top detail giving you a pride of ownership! This building is minutes to the West End, Maine Health, Old Port and fabulous coffee shops and world class restaurants + bars! This easy to manage property would be a nice addition to an investors portfolio or great entry level investment as well!
Property Facts
| Price | $2,171,634 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $1,085,817 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 7.02% | Building Size | 9,744 SF |
| No. Units | 2 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | ||
| Zoning | B2 | ||
| Price | $2,171,634 CAD |
| Price Per Unit | $1,085,817 CAD |
| Sale Type | Investment |
| Cap Rate | 7.02% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 9,744 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | B2 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Gas Range
- Walk-Up
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Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (96)
Property Taxes
| Parcel Number | PTLD-000047-000000-A021001 | Improvements Assessment | $735,694 CAD |
| Land Assessment | $283,847 CAD | Total Assessment | $1,019,541 CAD |
Property Taxes
Parcel Number
PTLD-000047-000000-A021001
Land Assessment
$283,847 CAD
Improvements Assessment
$735,694 CAD
Total Assessment
$1,019,541 CAD
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743 Congress St
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