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64 Gray Street, Portland, ME 04102

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For Sale

$1,450,000

7 baths • 5,150 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • $281.55
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Group Showing Tuesday May 20th 11:30-1pm Step into Portland's rich history with this beautifully renovated and updated seven-unit building in a prime location! Situated with exceptional proximity to all that downtown Portland has to offer - from its vibrant arts scene and renowned restaurants to its bustling waterfront - this property presents a fantastic investment opportunity. This meticulously maintained building features a desirable unit mix of five spacious one-bedroom apartments and two efficient studio apartments, all currently leased at market rents, ensuring a strong and immediate income stream. Every unit has recently extensive renovations and updates have preserved the building's historic charm while providing modern comfort and convenience for tenants. A new heating system offers efficiency and reliability. Full Renovation of the entire exterior of the building. A significant amenity in this urban setting is the on-site parking available for tenants for a small fee, a feature that adds considerable value and tenant appeal. Investment Highlights: Seven Units: Five 1-bedroom units and two studio units. Prime Location: Unbeatable access to downtown Portland's attractions, amenities, and employment centers. Market Rents: All units are currently rented at full market value. Historic Charm, Modern Updates: Beautifully renovated and updated throughout, blending historic character with contemporary living. New Heating System: Ensuring efficient and cost-effective heating for the entire building. On-Site Parking: A valuable amenity for tenants in a downtown location, available for a fee. Strong Income Potential: A fully leased building in a high-demand rental market. Don't miss this exceptional opportunity to own a piece of Portland's history while capitalizing on a strong multi-family investment in a sought-after location.
MLS# 1622551

Courtesy Of Keller Williams Realty
Keller Williams Realty, Portland, ME 04102
(207) 879-9800

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Victorian
  • Exterior Type
    Wood Siding
  • Floor Covering
    Vinyl, Wood
  • Lot Size
    0.09 Acres

Map and Directions

Directions to 64 Gray Street, Portland, ME 04102

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.