Multi-Family for Sale: 103 Monument Street #1-3, Portland, ME 04101

3 full baths
$1,200,000
$1,200,000
103 Monument Street #1-3, Portland, ME 04101
3 full baths
$1,200,000
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Price:
$1,200,000
$185,000 - 06/24/2024
Est. payment: Skip to Mortgage Calculator

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Type Multi-Family
Style Multi-Level
Total Baths 3 full baths
Square Feet 2,592 sqft
Lot Size 0.07 acres
Year Built 1899
Taxes Paid $11,858
City Portland
County Cumberland
MLS 1591205
Status Active
DOM 38 days
Located on the harbor side of Munjoy Hill where Portland's most desirable neighborhood intersects with both inner Washington Ave (think boutiques, breweries, bike shops, barbecue and more) and the Old Port (our historic seaport with countless restaurants and retailers) - this is the ideal owner occupied 3-family. Neighbors are all owner-occupied homes on this quiet, convenient block. The ground level has been updated and is near condo quality. This unit enjoys direct access to a remarkably private yard with a generous deck. The second and third levels each offer a logically laid out and livable 2 bedroom, 1 bath unit each. From the upper floor you get some pretty sweet city skyline and sunset views that could easily enhanced. Quality units in the ideal location are just the beginning as this property enjoys significant updates and upgrades. From fully separate utilities, updated heat, hot water and electric to a low maintenance exterior and code compliant fire doors, a new owner can move in and enjoy ocean side, city living from day one. Speaking of moving in, the owner has vacated the units, allowing for you to choose your ideal home and hand pick tenants. For several years, the owner has Airbnb'ed the first floor and has done incredibly well, with rave reviews, repeat guests, and continuous super host status. The drive is double wide and offers parking for 6. The projected rents are reasonable/realistic given an owner occupant isn't subject to rent control.

Room Features

Basement Description Brick/Mortar, Unfinished, Interior Entry, Full

Lot & Building Features

Cooling None
Tax Year 2023
Taxes Paid $11,858

Unit Features

Unit 1 Full Baths 1
Unit 1 of Bedrooms 2
Unit 1 of Rooms 5
Unit 2 Full Baths 1
Unit 2 of Bedrooms 2
Unit 2 of Rooms 4
Unit 3 Full Baths 1
Unit 3 of Bedrooms 2
Unit 3 of Rooms 4

Price History of 103 Monument Street, Portland, ME

Date Name Price Difference
06/24/2024 Price Adjustment $1,200,000 13.36%
05/28/2024 Listing Price $1,385,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By

Low
$850,000
$315 / sqft
Average
$915,000
$337 / sqft
High
$980,000
$359 / sqft
Address City Zip Beds Baths Price Sq. Ft. $/SQFT Sold Date
This Listing Portland 04101 0 3.0 $1,200,000 2,592 $463 N/A
52 Pine Street Portland 04102 0 3.0 $850,000 2,695 $315 03/01/2024
75 Myrtle Avenue South Portland 04106 0 3.0 $980,000 2,732 $359 06/18/2024

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Map of 103 Monument Street, Portland, ME

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Inquire about this property

Photo of Terri Brunette
Direct: 603-964-7000
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by Benchmark Real Estate, Thomas Landry 207-775-0248
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103 Monument Street (MLS #1591205) is a multi-level multi-family listing located in Portland, ME. This multi-family listing is 2,592 sqft and on a lot of 3,049 sqft (or 0.07 acres) and is 125 years old. This property was listed on 05/28/2024 and has been priced for sale at $1,200,000.

The multi-family listing at 52 Pine Street in Portland is nearby and sold for $850,000 on 03/01/2024. Another nearby multi-family listing, 75 Myrtle Avenue in South Portland sold for $980,000 on 06/18/2024.

Nearby zip codes are 04011, 04102, 04103, 04105 and 04106. This property neighbors other cities such as Cape Elizabeth, Falmouth, Scarborough and South Portland.

MREIS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Benchmark Real Estate

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.