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Listed by EXP Realty
$ 800,000
Active
69 Stanford ST South Portland, ME 04106
3 Baths
2,650 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 2,650 sqft
MLS Listing ID 1623761
Style Colonial
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 2,650
Year Built 1900
Annual Tax Amount $7,598
Tax Year 2024
Lot Size 4,356 Sqft
Acres 0.1
Source Maine Listings
Land Area 2650
Property Description
Now offered with a $25,000 price reduction, 69 Stanford Street in South Portland presents a rare opportunity to secure a high-performing 3-unit asset in a top-tier location. Each unit is separately metered, with tenants covering their own electric, heat, and hot water—keeping overhead low and returns strong. A new roof on the water side was completed just three weeks ago. Current rents are below market, offering clear value-add potential as units turn over. Unit 2 will be delivered vacant at the end of July, ideal for owner-occupancy, rent repositioning, or light renovation. Units 1 and 3 have tenants interested in renewing, providing stability. Additional revenue comes from a coin-operated washer/dryer, and the property offers both off-street and on-street parking. Located just minutes from downtown Portland, Willard Beach, and the area's most popular dining and retail, this is an ideal asset for investors seeking cash flow, appreciation, and long-term upside in one of Southern Maine's most desirable rental markets.
Location
State ME
County Cumberland
Zoning FV
Rooms
Basement Interior, Full, Unfinished
Interior
Heating Direct Vent Heater
Cooling None
Flooring Wood, Vinyl, Carpet
Exterior
Parking Features 5 - 10 Spaces, Gravel
Utilities Available 1
View Y/N No
Roof Type Shingle
Street Surface Paved
Garage No
Garage No
Building
Lot Description Level, Near Town
Sewer Public Sewer
Water Public
Architectural Style Colonial
Structure Type Vinyl Siding,Wood Frame
Others
Energy Description Gas Natural
