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About the Listing 2951 - 018986
Originally constructed in 1894 and recognized by Greater Portland Landmarks as the John Howard Hill House, this well-maintained seven-unit brick investment property combines historic character with modern updates in a prime Portland location near Maine Medical Center, the University of Southern Maine, and downtown Portland. This property offers seven spacious apartments, including one efficiency unit, with strong rental appeal and long-term upside. Recent improvements include two new toilets, four new bathroom vanities, a new sink, a new refrigerator, and a new stove. All units feature keyless entry systems, providing added convenience for tenants and streamlined management for ownership. Solid brick construction contributes to low-maintenance ownership, while the property's desirable location continues to attract tenants seeking proximity to major employers, educational institutions, and Portland's restaurants, shops, and amenities. The property also includes four off-street parking spaces, generating an additional $4,800 in annual income. An opportunity to acquire a historic multifamily asset with strong fundamentals, additional income potential, and a proven location in one of Portland's most established rental corridors
Listing Highlights
Status
Active
Days on Site
1
Property Type
Multi-Family
MLS ®
1666398
Year Built
1894
Total Square Footage
4,454
Lot/Acreage
0.12
County
Cumberland
Interior Details
- Bedrooms: 0
- Bathrooms: 7 Full
- Appliances:
- Air Cond:
- Heating: Gas Natural,Baseboard,Hot Water
- Fireplaces:
- Floor: Tile,Wood
- Above Ground Sq Ft: 4454
- Below Ground Sq Ft: 0
- Basement: Bulkhead,Full
- Other:
- Water: Public
Exterior Details
- Lot Description: Historic District,Intown,Near Shopping,Near Turnpike/Interstate,Neighborhood,Level,Sidewalks
- Garage Capacity: N/A
- Zoning: R6
- Roof: Pitched,Slate
- Others:
- Sewer: Public Sewer
- Parking Features: Common,Gravel,Paved,5 - 10 Spaces
Financial Details
- Tax Amount: $15,255
- Taxes w/Assessments: N/A
- Tax/Property ID: PTLD-000048-D000012-000001
- Tax Year: 2025
Payment Calculator
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Questions About..
272 State St Portland, ME 04101
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