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7 Cherry Street, Portland, ME 04102

Portland
Local realty services provided by:CENTURY 21 Barbara Patterson
7 Cherry Street,Portland, ME 04102
$725,000
  • - Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: douglas schauf jr., curry white
Office: re/max oceanside
MLS#:1644239
Source:ME_MREIS

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Price summary

  • Price:$725,000

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:March 19, 2026 at 06:47 AM

Rooms and interior

  • Total bathrooms:3
  • Full bathrooms:3
  • Flooring:Laminate
  • Basement Description:Exterior Only, Full, Unfinished, Walk-Out Access

Heating and cooling

  • Heating:Baseboard, Direct Vent Heater, Hot Water

Structure and exterior

  • Year built:1875
  • Lot Features:Intown, Level, Near Public Transit, Near Turnpike/Interstate, Sidewalks
  • Architectural Style:New Englander
  • Construction Materials:Vinyl Siding, Wood Frame
  • Exterior Features:Deck

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$725,000
  • Tax amount:$8,536 (2025)

Parking

  • Parking description:5 - 10 Spaces, Paved
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