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Adam Dow

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

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69 Newbury St , Portland, ME 04101
$2,250,000
Est. Payment: $5,000.00/mo
0 Bed
5 Bath
4438 Sqft
Status: Active | Days on site: 59
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House Description

Mixed-use investment opportunity in Portland's desirable East End, an area that continues to see strong growth and investment. This four-unit property features three residential apartments and one commercial space, offering a combination of strong rental income, flexibility, and long-term value. The residential units include a completely renovated 2-bedroom, 1-bathroom apartment with a bonus room, a 2-bedroom, 1-bathroom apartment, and a renovated 3-bedroom, 2-bathroom apartment. Extensive capital improvements include a new roof (2023), new siding, new windows, three new heat pumps, updated plumbing and electrical systems, renovated kitchens and bathrooms, and substantial improvements to the commercial space. The commercial unit offers a versatile blank canvas with several approved uses, including food & beverage, office, retail, and more, with a renovated shell ready for customization. This flexible commercial component offers an opportunity to tailor the space to a variety of uses while complementing the property's existing residential income. Steps from the Roux Institute, Eastern Promenade, East End Beach, the Old Port, Portland's waterfront, and countless restaurants, breweries, coffee shops, and local retail shops. This is a rare opportunity to acquire a well-improved mixed-use asset in a growing Portland neighborhood with strong fundamentals and continued upside. Showings by appointment only. Please allow a minimum of 48 hours' notice. Please see the attached list of capital improvements for a summary of recent renovations and upgrades.

Highlights

Listed by Francis Curran , 207-878-7802 Harborview Properties, Inc. , 207-878-7802.

Property Type

Multi-Family

Lot/Acreage
0.04

Year Built

1905

County

Cumberland

Listing ID

1671572

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:5
  • Full Bathrooms:4
Air Cond:Heat Pump,Window Unit(s)
Fireplaces:
Floor:Carpet,Laminate,Hardwood
Above Ground Sq Ft:4438
Below Ground Sq Ft:0
Basement:Exterior Entry,Walk-Out Access
Water:Public

Exterior Features

Lot:Intown,Near Public Beach,Near Shopping,Near Turnpike/Interstate,Neighborhood,Level,Sidewalks,Near Public Transit
Zoning:IS-FBC
Roof:Shingle
Sewer:Public Sewer
Parking Features:No Driveway,Off Street
Principal Interest
$5,000
Taxes
$829

Home Price

$2,250,000

Loan Details

30 yrs
%

Down Payment

20%
$450,000
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:
$5,000.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,000.00 $828.83 $0.00 $5,828.83
Yearly $60,000.00 $9,946.00 $0.00 $69,946.00
Total $1,800,000.00 $298,380.00 $0.00 $2,098,380.00

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.