Welcome to 56-58 Federal Street, ideally positioned between Portland's Munjoy Hill neighborhood and the Old Port area, right in the heart of the city's central business district. This six-unit property presents an exceptional investment opportunity in one of Portland's most coveted locations. Tenants cover their own heating and electricity expenses. The roof, featuring a durable rubber membrane, was replaced just five years ago, and a state-of-the-art on-demand hot water heater was installed in 2022. Imagine residing moments away from the Eastern Promenade, offering stunning vistas of Casco Bay, East End Beach, and a convenient boat launch, all seamlessly connected to the Eastern Trail. Nearby, within a half-mile radius, you'll find a vibrant array of neighborhood restaurants, cafes, music venues, and cultural hotspots. Maine Law School is located .5 mile away and USM and UNE are within 2 miles. Enjoy easy access to an eclectic mix of breweries, boutiques, and eateries that define Portland's dynamic cultural scene. Embrace the lively pace of urban living and relish the myriad amenities of in-town life. Showing Time for group showings on 6/20 & 6/21 11:00 am-1:00 pm. Showings by appointment 10:00 am - 5:00 pm after 6/23.
Room Features
Basement DescriptionDirt Floor, Unfinished, Interior Entry, Full
Lot & Building Features
CoolingHeat Pump
Tax Year2023
Taxes Paid$18,541
Unit Features
Unit 1 Full Baths1
Unit 1 of Bedrooms1
Unit 1 of Rooms4
Unit 2 Full Baths1
Unit 2 of Bedrooms2
Unit 2 of Rooms5
Unit 3 Full Baths1
Unit 3 of Bedrooms3
Unit 3 of Rooms6
Unit 4 Full Baths1
Unit 4 of Bedrooms2
Unit 4 of Rooms5
Unit 5 Full Baths1
Unit 5 of Bedrooms2
Unit 5 of Rooms5
Unit 6 Full Baths1
Unit 6 of Bedrooms3
Unit 6 of Rooms6
Price History of 56 Federal Street
Date
Name
Price
Difference
06/19/2024
Listing Price
$1,499,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
56 Federal Street (MLS #1593947) is a multi-level multi-family listing located in Portland, ME.
This multi-family listing is 6,672 sqft and on a lot of 3,485 sqft (or 0.08 acres) and is 117 years old. This property was listed on 06/19/2024 and has been priced for sale at $1,499,000.
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: Portside Real Estate Group