Multi-Family for Sale: 56 Federal Street, Portland, ME 04101

6 full baths
$1,499,000
$1,499,000
56 Federal Street, Portland, ME 04101
6 full baths
$1,499,000
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Price:
$1,499,000
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Type Multi-Family
Style Multi-Level
Total Baths 6 full baths
Square Feet 6,672 sqft
Lot Size 0.08 acres
Year Built 1907
Taxes Paid $18,541
City Portland
County Cumberland
MLS 1593947
Status Pending
DOM 156 days
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 Description Dirt Floor, Unfinished, Interior Entry, Full

Lot & Building Features

Cooling Heat Pump
Tax Year 2023
Taxes Paid $18,541

Unit Features

Unit 1 Full Baths 1
Unit 1 of Bedrooms 1
Unit 1 of Rooms 4
Unit 2 Full Baths 1
Unit 2 of Bedrooms 2
Unit 2 of Rooms 5
Unit 3 Full Baths 1
Unit 3 of Bedrooms 3
Unit 3 of Rooms 6
Unit 4 Full Baths 1
Unit 4 of Bedrooms 2
Unit 4 of Rooms 5
Unit 5 Full Baths 1
Unit 5 of Bedrooms 2
Unit 5 of Rooms 5
Unit 6 Full Baths 1
Unit 6 of Bedrooms 3
Unit 6 of Rooms 6

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.

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Photo of Fritz Schermer
Fritz Schermer
Associate Broker
Direct: 207-363-3658
Office
14 York Street
York, ME 03909
207-363-4000
Listed by Portside Real Estate Group, Jaye Gorham 207-619-7571
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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.

Nearby zip codes are 04021, 04102, 04103, 04105 and 04106. This property neighbors other cities such as Cape Elizabeth, Falmouth, Long Island, 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: Portside Real Estate Group

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.