Active
Multifamily
142 Sherman Street
Portland, ME 04101
Baths
4
Square Ft.
3,578
$949,000
Positioned in Portland's desirable Parkside Neighborhood, 142 Sherman Street is a fully occupied four-unit investment property offering stable in-place income in one of the city's most sought-after residential neighborhoods. The property benefits from a walkable location just minutes from downtown, the Peninsula, and major commuter routes. The building features a… Read More functional unit mix with consistent occupancy, supported by strong rental demand in the surrounding area. The property has been well maintained and improved over time, with a series of updates to both unit interiors and key building systems, contributing to overall efficiency, condition, and long-term reliability. Tenants enjoy convenient access to local shops, restaurants, and services, supporting strong retention and continued demand. Read Less
Courtesy of The Dunham Group 207-773-7100, .
Listing Snapshot
Days Online
5
Last Updated
Full Baths
4
Square Ft.
3,578
Lot Size
0.12 Acres
Year Built
1889
MLS Number
1661644
Additional Details
Property Access
Road Surface Type: "Paved"
Basement
Basement: "Interior", "Doghouse", "Daylight", "Finished", "Full"
Building
Architectural Style: "Other", Building Area Total: 3,578, Construction Materials: "Wood Frame", "Other Exterior", Number Of Units Total: 4, Year Built: 1889
Cooling
Cooling: "None"
Expenses
Operating Expense: $83,692
Floors
Flooring: "Carpet", "Laminate", "Wood"
Heating
Heating: "Gas Natural", "Baseboard", "Direct Vent Heater", "Hot Water", Heating Included
Income
Gross Income: $75,475
Lot
Features: "Sidewalks", "Intown", "Near Shopping", 0.12 acres, Area: 0.12, 5,227 square feet
Parking
Features: "Paved", "5 - 10 Spaces"
Property
Parcel Number: PTLD-000048-E000002-000001, Zoning: R7
Roof
Roof: "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $8,771, Tax Lot: 2-3
Utilities
Electric: "Circuit Breakers", "Fuses", 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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