160 Washington Avenue, Portland, ME 04101
Local realty services provided by:CENTURY 21 Nason Realty, Inc.
160 Washington Avenue,Portland, ME 04101
$1,495,000
- - Beds
- 5 Baths
- 4,732 sq. ft.
- Multi-family
- Active
Listed by: fred andrews
Office: spectrum real estate
MLS#:1622196
Source:ME_MREIS
Price summary
- Price:$1,495,000
- Price per sq. ft.:$315.93
About this home
Turnkey 5-Unit Investment in Prime Munjoy Hill Location! Seasoned investors know the value of location, layout, and low-maintenance assets—this property checks all the boxes. Situated at the base of Munjoy Hill, one of Portland's most desirable and appreciating neighborhoods, this well-maintained five-unit building offers a solid, income-generating opportunity. All five units are two-bedrooms, a consistently high-demand layout that attracts long-term tenants. Interiors are efficiently designed, with spacious living areas, functional kitchens, and ample natural light—units that rent easily and retain well.
The building has been well cared for, minimizing deferred maintenance and immediate capex needs. Off-street parking adds a competitive edge in this urban market, boosting tenant satisfaction and retention. The location is a key asset: walkable to local dining, coffee shops, artisan retail, and the Eastern Promenade. Public transportation access and proximity to downtown further broaden the tenant pool. This is an ideal opportunity for investors looking to expand or diversify with a plug-and-play multifamily in a high-demand submarket. Whether you're growing a portfolio or executing a 1031 exchange, this Munjoy Hill asset delivers dependable performance and long-term upside....
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Home facts
- Year built:1985
- Listing ID #:1622196
- Updated:April 30, 2026 at 03:06 PM
Rooms and interior
- Total bathrooms:5
- Full bathrooms:5
- Flooring:Carpet, Laminate, Vinyl
- Bathrooms Description:Bathtub, Shower
- Basement Description:Finished, Full, Walk-Out Access
- Living area:4,732 sq. ft.
Heating and cooling
- Heating:Baseboard, Forced Air, Hot Water
Structure and exterior
- Year built:1985
- Building area:4,732 sq. ft.
- Lot area:0.15 Acres
- Lot Features:Intown, Near Public Beach, Near Public Transit, Near Shopping, Open, Rolling/Sloping
- Architectural Style:Colonial
- Construction Materials:Vinyl Siding, Wood Frame
- Exterior Features:Deck
- Foundation Description:Concrete Perimeter
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,495,000
- Price per sq. ft.:$315.93
- Tax amount:$11,167 (2024)
Features and amenities
- Laundry features:Laundry - Coin
Parking
- Parking description:5 - 10 Spaces, Common, Off street, Paved
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