$ 895,000
-
$895,000
Price -
0
Bed -
3
Bath -
3,630
SqFt
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About the Listing 3437 - 019603
Exceptional Mixed-Use Investment Opportunity in South Portland Rare opportunity to acquire a well-maintained, income-producing mixed-use property in a highly visible Main Street location. This versatile three-unit building offers a diversified income stream with a gross annual income of $70,800, anchored by an established medical office occupying the entire first floor, providing the benefit of stable commercial tenancy. The two residential units above provide additional rental income and strong tenant appeal. Each residential unit features its own washer and dryer, while tenants are responsible for their own heat and electricity -- helping reduce owner expenses and maximize net operating income. Meticulously cared for and truly turnkey, the property offers desirable amenities including off-street parking for up to three residential vehicles, additional on-street parking for tenants, clients, and guests, and convenient access to public transportation. Ideally positioned along South Portland's Main Street corridor, this property is close to local businesses, shopping, dining, downtown Portland, major commuter routes, and area amenities. With proven rental history, strong tenant demand, diversified commercial and residential income, and excellent visibility, this is a rare opportunity to own a stable, cash-flowing investment property in one of Southern Maine's most desirable markets.
Listing Highlights
Status
Active
Days on Site
4
Property Type
Multi-Family
MLS ®
1665990
Year Built
1920
Total Square Footage
3,630
Lot/Acreage
0.16
County
Cumberland
Interior Details
- Bedrooms: 0
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Heat Pump
- Heating: Electric,Heat Pump
- Fireplaces:
- Floor: Carpet,Linoleum,Luxury Vinyl
- Above Ground Sq Ft: 3630
- Below Ground Sq Ft: 0
- Basement: Exterior Entry,Interior Entry,Full,Unfinished,Brick/Mortar
- Other:
- Water: Public
Exterior Details
- Lot Description: Business District,Near Shopping,Near Turnpike/Interstate,Near Town,Corner Lot,Level,Sidewalks,Landscaped
- Garage Capacity: N/A
- Zoning: LB
- Roof: Shingle
- Others:
- Sewer: Public Sewer
- Parking Features: Common,Paved,1 - 4 Spaces,Assigned,Off Street,On Street
Financial Details
- Tax Amount: $9,062
- Taxes w/Assessments: N/A
- Tax/Property ID: SPOR-000053-000000-000272
- Tax Year: 2025
Payment Calculator
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Questions About..
597 Main St South Portland, ME 04106
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