ME > Portland > Munjoy Hill
Portland, ME 04101,1 North ST
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Portland, ME 04101,1 North ST
Portland, ME 04101,1 North ST
Portland, ME 04101,1 North ST
Portland, ME 04101,1 North ST
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Cassie Mason

Cassie Mason

+1(207) 418-1560
Listed by Benchmark Real Estate
$ 2,450,000
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Active

1 North ST Portland, ME 04101

6 Baths

4,136 SqFt

UPDATED:

09/18/2024 02:05 PM

Key Details

Property Type Multi-Family

Listing Status Active

Square Footage 4,136 sqft

Subdivision Munjoy Hill

MLS Listing ID 1597248

Style Mansard

Full Baths 6

HOA Y/N No

Abv Grd Liv Area 4,136

Originating Board Maine Listings

Year Built 1904

Annual Tax Amount $16,144

Tax Year 2024

Lot Size 3,049 Sqft

Acres 0.07

Property Description

Outstanding is an understatement when describing this remarkable mixed use multi-unit offering. Located at the center of Portland's vibrant, eclectic and uber desirable Munjoy Hill/ East End, locations don't get better than this. Walk Score calls this a 'walker's paradise' with everything you want and need within blocks. Located in a B1 zone, the property is home to a mix of residential and commercial uses. The corner commercial unit is home to Belleville (BLVL), an acclaimed and thriving bakery and coffee shop. The 5 remaining units are condo-ready-quality and fully updated 1 bedroom, 1 bath residential apartments. Each unit is bathed in natural light and each looks out onto local landmarks (neighboring homes and the Portland Observatory), the city skyline and even toward the setting sun over Back Cove. Units enjoy separate utilities, super-efficient heat and hot water and each rent is at-market. Over the past decade the current owners have gone unit by unit to update everything from the foundation to the roof to create something outstanding. Just outside the door you are instantly in the heart of the East End and a short walk to inner Washington Ave, the Old Port, in-town, Portland Foreside, East End beach, Eastern Promenade and more. With NOI of $140K and a 5.6 CAP Rate this is not only a worry-free addition to the portfolio, it is highly profitable. Shown by appointment Monday through Friday between 10AM and 5PM with 24+ hours notice.

Location

State ME

County Cumberland

Zoning B1

Rooms

Basement Bulkhead, Full, Exterior Entry, Interior Entry, Unfinished

Interior

Interior Features 1st Floor Bedroom, Bathtub, One-Floor Living, Other, Storage

Heating Direct Vent Heater

Cooling None, A/C Units

Flooring Wood, Vinyl, Tile, Carpet

Fireplace No

Laundry Washer Hookup

Exterior

Garage 1 - 4 Spaces, Paved, On Site, Off Street

Waterfront No

View Y/N No

Roof Type Pitched,Shingle

Street Surface Paved

Porch Deck

Parking Type 1 - 4 Spaces, Paved, On Site, Off Street

Garage No

Garage No

Building

Lot Description Corner Lot, Level, Open Lot, Sidewalks, Landscaped, Intown, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Rural, Near Public Transit, Near Railroad

Story 3

Foundation Granite, Pillar/Post/Pier, Concrete Perimeter, Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Mansard

Structure Type Aluminum Siding,Wood Frame

Schools

School District Portland Public Schools

Others

Restrictions Unknown

Energy Description Gas Natural

Maine MLS (MREIS) IDX

Cassie Mason

Broker | Bean Group016220

+1(207) 418-1560

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