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Adam Dow

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

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583 Washington Avenue 3-units , Portland, ME 04103
$1,050,000
Est. Payment: $5,639.97/mo
3 Bath
4107 Sqft
6156 Acres
Status: active | Days on site: 17
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House Description

A classic Portland triple decker in the East Deering neighborhood, offering a rare dual opportunity: strong rental income for investors, or immediate move-in potential for owner-occupants (second floor has been left vacant) looking to offset their mortgage with rental income. The numbers: a strong existing rent roll of $8,240 per month, plus coin-operated laundry income of $1k per year, with 11 off-street parking spaces on site — a major advantage in Portland. Built in 1900 and spanning 4,107 total square feet, all three units share an unusually generous layout, each with three bedrooms, one bathroom, a living room, dining room, kitchen, pantry, private storage, and outdoor porches for 2 of the units — giving tenants comfortable, functional living space that's increasingly hard to find. Hardwood floors run throughout, and updated kitchens add lasting value across all three units. The building has been well maintained, with all major systems — including the roof and complete building rewiring — updated and/or in good working order, offering real peace of mind for the next owner. Location is a standout, just minutes from I-295 and downtown with a bus stop close by for easy commuting. Back Cove's scenic running trail and the new Roux Institute campus are both within walking distance, putting green space and everyday amenities right at your doorstep. Whether you're an investor seeking dependable cash flow or a buyer ready to live in one unit while tenants help cover the mortgage, this classic triple decker delivers on both fronts.

Highlights

Listed by Marguerite Gilfoil , 207-671-8392 Coldwell Banker Realty , 207-773-1990. Maine Real Estate Information System, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
6156

Year Built

1900

County

Cumberland

Neighborhood

Na

School District

Portland Public Schools

Listing ID

1682008

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Appliances:Cable,Internet Access Available
Floor:Tile,Hardwood
Above Ground Sq Ft:4107
Basement:Exterior Entry,Interior Entry,Bulkhead,Finished,Full
Other:
  • ▪ Additional:1st Floor Bedroom, Bathtub, Pantry, Shower, Storage
Water:Public

Exterior Features

Lot:Near Shopping,Near Turnpike/Interstate,Neighborhood,Suburban,Sidewalks,Landscaped,Near Public Transit
Zoning:R-5
Roof:Membrane
Sewer:Public Sewer
Parking Features:Paved,11 - 20 Spaces
Principal Interest
$5,640
Taxes
$908

Home Price

$1,050,000

Loan Details

30 yrs
7.091%

Down Payment

20%
$210,000
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:
$5,639.97

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,639.97 $908.08 $0.00 $6,548.06
Yearly $67,679.66 $10,897.00 $0.00 $78,576.66
Total $2,030,389.82 $326,910.00 $0.00 $2,357,299.82

Today's Rates

30 Year

7.09%

20 Year

7.19%

15 Year

6.59%

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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: 2026-10-31T22:05:59.000Z

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