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Adam Dow

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

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272 State St , Portland, ME 04101
$1,580,000
Est. Payment: $8,152.12/mo
0 Bed
7 Bath
4454 Sqft
Status: active with contingency | Days on site: 33
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

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

Highlights

Listed by Erin Finley , 207-831-9136 RE/MAX Shoreline , 207-553-7500. Maine Real Estate Information System, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
0.12

Year Built

1894

County

Cumberland

Listing ID

1666398

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:7
  • Full Bathrooms:7
Floor:Tile,Wood
Above Ground Sq Ft:4454
Below Ground Sq Ft:0
Basement:Bulkhead,Full
Other:Public

Exterior Features

Lot:Historic District,Intown,Near Shopping,Near Turnpike/Interstate,Neighborhood,Level,Sidewalks
Zoning:R6
Roof:Pitched,Slate
Sewer:Public Sewer
Parking Features:Common,Gravel,Paved,5 - 10 Spaces
Principal Interest
$8,152
Taxes
$1,271

Home Price

$1,580,000

Loan Details

30 yrs
6.695%

Down Payment

20%
$316,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,152.12

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,152.12 $1,271.25 $0.00 $9,423.37
Yearly $97,825.46 $15,255.00 $0.00 $113,080.46
Total $2,934,763.88 $457,650.00 $0.00 $3,392,413.88

Today's Rates

30 Year

6.7%

20 Year

6.21%

15 Year

6.15%

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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.

Listing data is derived in whole or in part from the Maine IDX & is for consumers personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.


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Data last updated: 2026-08-02T07:29:11.000Z

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