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7 Cherry Street, Portland, ME 04102

Local realty services provided by:CENTURY 21 Barbara Patterson
7 Cherry Street,Portland, ME 04102
$740,000
  • - Beds
  • 3 Baths
  • 2,923 sq. ft.
  • Multi-family
  • Pending
Upcoming open houses
  • Sat, Jan 10
    11:00 am - 12:30 pm
Listed by: douglas schauf jr., curry white
Office: re/max oceanside
MLS#:1644239
Source:ME_MREIS

Price summary

  • Price:$740,000
  • Price per sq. ft.:$253.16

About this home

Fantastic investment opportunity—a three-unit multifamily property at 7 Cherry Street—offers strong rental potential in one of Maine's most desirable and consistently growing markets. Located just minutes from downtown, the Old Port, restaurants, amenities, and major commuter routes, this property attracts high-quality tenants and ensures steady demand year-round. With functional layouts and a solid rental history, this building is an ideal addition to any investor's portfolio or a great first acquisition for someone entering the Portland multifamily market, checking all the boxes whether you seek stable cash flow, long-term appreciation, or a value-add opportunity.

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Home facts

  • Year built:1875
  • Listing ID #:1644239
  • Updated:January 07, 2026 at 06:47 PM

Rooms and interior

  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:2,923 sq. ft.

Heating and cooling

  • Heating:Baseboard, Direct Vent Heater, Hot Water

Structure and exterior

  • Year built:1875
  • Building area:2,923 sq. ft.
  • Lot area:0.18 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$740,000
  • Price per sq. ft.:$253.16
  • Tax amount:$8,536 (2025)
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