9 Grasmere Road
Portland, ME 04101
Baths
3
Square Ft.
3,119
$898,000
Charming 3-Unit Investment Property Near Back Cove in a Prime Portland Location. Tucked into a desirable, highly walkable neighborhood near the University of Southern Maine, this classic Portland multi-family blends timeless character with strong income potential. The first and second floor units showcase original hardwood floors, period details, and vintage… Read More built-ins that highlight the property's historic charm. The third unit offers flexibility and can be combined with the second floor to create an expansive owner's suite, complete with views of Back Cove. A detached garage provides valuable covered parking, protecting vehicles from Maine's elements. Residents enjoy a quiet, tree-lined street just minutes from neighborhood shops, popular cafes, and public transportation. With a proven rental history, consistent cash flow, and low vacancy, this property is well-suited for investors or owner-occupants seeking to live in one of Portland's most desirable locations. Read Less
Courtesy of The Real Estate Store 207-883-4327, The Real Estate Store.
Listing Snapshot
Days Online
8
Last Updated
Full Baths
3
Square Ft.
3,119
Lot Size
0.11 Acres
Year Built
1930
MLS Number
1660702
Additional Details
Sewer
Sewer: "Public Sewer"
Basement
Basement: "Interior", "Full", "Bulkhead"
Building
Architectural Style: "New Englander", Building Area Total: 3,119, Construction Materials: "Clapboard", "Wood Frame", Number Of Units Total: 3, Year Built: 1930, 3 stories
Cooling
Cooling: "None"
Expenses
Operating Expense: $15,338
Floors
Flooring: "Wood", "Tile", "Carpet"
Foundation
Foundation Details: "Stone"
Garage
Garage Included, 2 garage spaces
Water Features
Water Body Name: Back Cove
Heating
Heating: "Hot Water", "Baseboard", Heating Included
Income
Gross Income: $66,312
Lot
Features: "Sidewalks", "Intown", 0.11 acres, Area: 0.11, 4,792 square feet
Parking
Features: "1 - 4 Spaces", "Paved"
Property
Parcel Number: PTLD-000111-D000011-000001, Zoning: R3
Roof
Roof: "Shingle"
Taxes
Annual Amount: $11,192, Tax Lot: D01101
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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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.
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