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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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268 Concord St W , Portland, ME 04103
$885,000
Est. Payment: $1,966.67/mo
0 Bed
3 Bath
3688 Sqft
Status: Active | Days on site: 61
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1371 - 015559,019178
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House Description

Exceptional investment opportunity in Portland's highly desirable Deering Center/Rosemont neighborhood. This well-maintained multi-family property features three established units plus fully finished space with strong potential for a fourth unit (buyer to verify approvals and permitted use with city). Owner occupied since 2007, and the units are currently exempt from the rent increase limits imposed by the City of Portland for 3-4 unit buildings. the property offers a rare combination of off-street parking, a garage and a spacious backyard, providing added convenience and outdoor enjoyment for tenants and owners alike. Ideally situated within walking distance to the University of New England (UNE), the University of Southern Maine (USM), Rosemont Market, neighborhood shops, restaurants and everyday amenities. Outdoor enthusiasts will appreciate easy access to Evergreen Woods and its extensive network of approximately four miles on scenic walking and hiking trails. Whether you are an owner-occupant seeking supplemental income or an investor looking to expand your portfolio in one of Portland's most sought-after neighborhoods, this property offers outstanding versatility location and future upside.

Highlights

Listed by Anthony Galli , 207-776-1717 and Karla Galli , 207-939-4585 Greater Portland Realty , 207-797-7777.

Property Type

Multi-Family

Lot/Acreage
0.22

Year Built

1879

County

Cumberland

Listing ID

1669373

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:3
  • Full Bathrooms:3
Floor:Carpet,Tile,Wood
Above Ground Sq Ft:3688
Below Ground Sq Ft:0
Basement:Interior Entry,Full,Unfinished
Water:Public

Exterior Features

Lot:Near Shopping,Neighborhood,Open Lot,Sidewalks,Near Public Transit
Zoning:RN-3
Roof:Shingle
Sewer:Public Sewer
Parking Features:Paved,1 - 4 Spaces,On Site,On Street
Principal Interest
$1,967
Taxes
$889

Home Price

$885,000

Loan Details

30 yrs
%

Down Payment

20%
$177,000
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Monthly Price:
$1,966.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,966.67 $889.08 $0.00 $2,855.75
Yearly $23,600.00 $10,669.00 $0.00 $34,269.00
Total $708,000.00 $320,070.00 $0.00 $1,028,070.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Portland, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.