Skip to content
Bean Group
Offered at $1,195,000Active
beds
—
baths
3
sq ft
4,410
Built
1885

16 Montrose Avenue

Portland, ME 04103

About this home

Exceptional opportunity in Portland's desirable Rosemont neighborhood! 14-16 Montrose Avenue offers three spacious residential units, numerous updates, a detached 3-car garage and a location that continues to make this neighborhood one of Portland's most sought-after residential areas. Each of the three units offers generous living space, creating an attractive opportunity for investors as well as an owner-occupant looking to combine comfortable living with rental income. Numerous improvements have been completed throughout the property, while the detached three-car garage provides valuable parking and storage rarely found with Portland multi-units. Adding another interesting dimension, the property's deed describes the premises as two lots within the historic Rosemont subdivision, and City parcel mapping depicts two underlying parcels. The existing 3-unit and detached garage are situated on opposite parcels. This configuration may offer intriguing future possibilities for a buyer willing to explore the property's development potential with the City of Portland. A rare combination of three substantial units, a 3-car garage, desirable neighborhood setting and potential future upside—all just minutes from downtown Portland. Development potential has not been approved or confirmed. Buyers are responsible for independently verifying permitted uses and development potential with the City of Portland.

Listing last checked: Listing updated:

Listed by Listing Agent · Maine Community Real Estate · MLS #1679908

Request property information

Select a document to start a request. You can add others in the form. Availability varies.

Details at a glance

Interior4 property facts
Heating
Steam, Radiant
Cooling
None
Flooring
Vinyl, Wood
Fireplaces
0
Building5 property facts
Style
Other
Year built
1885
Garage
3
Foundation
Stone
Roof
Flat, Membrane, Shingle
Land & utilities4 property facts
Lot size
0.22 acres
Water
Public
Sewer
Public Sewer
Zoning
R5
Financial2 property facts
Annual taxes
$11,604
Assessment year
2025

Location

Estimated monthly cost

Explore costs at the $1,195,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$7,010 / monthAdjust
Principal & interest
$6,043
Property tax
$967
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $11,604. 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.

Explore more of Portland

Continue your search in Portland.

Need help making sense of this home?

About 16 Montrose Avenue

Can I request a private showing?

Request a tour of 16 Montrose Avenue and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.