About this home
Prime 5-unit multifamily investment opportunity in Portland's desirable West End in Parkside. Featuring four 2-bedroom units and two 1-bedroom units, this income-producing property offers excellent tenant demand, and future upside potential. The current owner has offered the units to his employees at a discounted rental rate. Owner initiated process to legalize 6th unit with fire escape addition but was unable to resolve with the city. The property had a safety inspection completed by the city with the third floor broken up into two, two-bedroom units instead of one combined four-bedroom unit. Conveniently located minutes from Downtown Portland, Maine Medical Center, restaurants, shops, and public transportation. A rare opportunity to acquire a well-located multifamily asset. Group showings: Tuesday, June 23rd at 10am - 11:30am Thursday, June 25th at 12pm - 1:00pm All showings after group showings will be by appointment only. Allow at least 24 hours to notify tenants.
Listing last checked: Listing updated:
Listed by Listing Agent · EXP Realty · MLS #1668085
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Details at a glance
Interior4 property facts
- Heating
- Baseboard, Forced Air, Hot Water, Zoned, Radiant
- Cooling
- None
- Flooring
- Carpet, Vinyl, Wood
- Fireplaces
- 0
Building5 property facts
- Style
- Other
- Year built
- 1910
- Garage
- 0
- Foundation
- Block, Stone, Brick/Mortar
- Roof
- Shingle
Land & utilities4 property facts
- Lot size
- 0.1 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- R6
Financial2 property facts
- Annual taxes
- $12,664
- Assessment year
- 2026
Location
Estimated monthly cost
Explore costs at the $1,319,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$7,725 / monthAdjust
- Principal & interest
- $6,670
- Property tax
- $1,055
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $12,664. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 146 Sherman Street
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