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About the Listing 2974 - 001914
Turnkey 5-Unit Investment in Prime Munjoy Hill Location! Seasoned investors know the value of location, layout, and low-maintenance assets—this property checks all the boxes. Situated at the base of Munjoy Hill, one of Portland's most desirable and appreciating neighborhoods, this well-maintained five-unit building offers a solid, income-generating opportunity. All five units are two-bedrooms, a consistently high-demand layout that attracts long-term tenants. Interiors are efficiently designed, with spacious living areas, functional kitchens, and ample natural light—units that rent easily and retain well. The building has been well cared for, minimizing deferred maintenance and immediate capex needs. Off-street parking adds a competitive edge in this urban market, boosting tenant satisfaction and retention. The location is a key asset: walkable to local dining, coffee shops, artisan retail, and the Eastern Promenade. Public transportation access and proximity to downtown further broaden the tenant pool. This is an ideal opportunity for investors looking to expand or diversify with a plug-and-play multifamily in a high-demand submarket. Whether you're growing a portfolio or executing a 1031 exchange, this Munjoy Hill asset delivers dependable performance and long-term upside.
Listing Highlights for 160 Washington Ave
Status
Active
Days on Site
117
Property Type
Multi-Family
MLS ®
1622196
Year Built
1985
Total Square Footage
4,732
Lot/Acreage
0.15
Interior Details
- Bedrooms: 0
- Bathrooms: 5 Full
- Appliances:
- Air Cond:
- Heating: Zoned,Hot Water,Forced Air,Baseboard
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft: 4732
- Below Ground Sq Ft: 0
- Basement: Interior,Walk-Out Access,Finished,Full
- Other: Bathtub,Shower
- Water: Public
Exterior Details
- Lot Description: Rolling/Sloping,Open,Intown,Near Public Beach,Near Shopping,Near Public Transit
- Garage Capacity: N/A
- Zoning: B2B
- Roof: Composition,Pitched,Shingle
- Others:
- Sewer: Public Sewer
- Parking Features: 5 - 10 Spaces,Paved,Common,Off Street
Financial Details
- Tax Amount: $11,167
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
160 Washington Ave Portland, ME 04101
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