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Adam Dow

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

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850 Washington Ave , Portland, ME 04103
$799,000
Est. Payment: $1,775.56/mo
0 Bed
2 Bath
2184 Sqft
Status: Active | Days on site: 71
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1898 - 015211
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House Description

Opportunity, flexibility, and location come together at 850 Washington Avenue, a beautifully renovated two-unit property in one of Portland's most exciting growth corridors. Situated on over half an acre, this turnkey investment features two spacious 2-bedroom units, a detached 2-car garage, abundant off-street parking, and an expansive backyard, an increasingly rare find within the city. Both units have been thoughtfully updated with timeless finishes including white cabinetry, granite countertops, updated appliances, stylish bathrooms, and in-unit laundry. Separate gas and electric meters, along with newer boilers, make ownership and management simple and efficient. Whether you're an investor seeking a strong addition to your portfolio, an owner-occupant looking to offset your mortgage with rental income, or a parent searching for housing near Portland's rapidly growing educational and innovation district, this property offers exceptional versatility. Located just minutes from Downtown Portland, Back Cove, Payson Park, Tipo, Monte's Fine Foods, and countless local amenities, the property also benefits from its proximity to the Roux Institute and the transformative investment occurring throughout the surrounding neighborhood. As Portland continues to emerge as a hub for technology, research, education, and entrepreneurship, demand for housing in this area is expected to remain strong. Live in one unit and rent the other. Add a turnkey asset to your investment portfolio. Secure housing for a student, researcher, or professional while building equity in one of Portland's most desirable markets. With updated interiors, strong rental appeal, a large lot, garage parking, and an unbeatable location, 850 Washington Avenue presents an opportunity that is becoming increasingly difficult to find in Portland. A smart investment today--and an exciting opportunity for tomorrow!

Highlights

Listed by Andrea Page , 207-879-9800 Keller Williams Realty , 207-879-9800.

Property Type

Multi-Family

Lot/Acreage
0.53

Year Built

1864

County

Cumberland

Listing ID

1665928

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:2
  • Full Bathrooms:2
Floor:Tile,Wood
Above Ground Sq Ft:2184
Below Ground Sq Ft:0
Basement:Bulkhead,Interior Entry,Full,Unfinished
Water:Public

Exterior Features

Lot:Near Town,Level,Open Lot,Sidewalks
Zoning:RN-3
Roof:Shingle
Sewer:Public Sewer
Parking Features:Paved,1 - 4 Spaces,Detached
Principal Interest
$1,776
Taxes
$685

Home Price

$799,000

Loan Details

30 yrs
%

Down Payment

20%
$159,800
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:
$1,775.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,775.56 $685.25 $0.00 $2,460.81
Yearly $21,306.67 $8,223.00 $0.00 $29,529.67
Total $639,200.00 $246,690.00 $0.00 $885,890.00

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.