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Offered at $550,000Active
beds
—
baths
2
sq ft
2,612
Built
1905

605 Washington Avenue

Portland, ME 04103

About this home

Check out this amazing investment opportunity on Portland's Washington Ave offering two spacious 4-bedroom/1-bath units. Each 1,000+ square foot apartment contains large bedrooms, flexible living/dining layouts, and classic period details ready for your finishing touch. A full walk-up attic, served by two existing staircases, presents excellent potential for an additional unit or expanded living space (buyer to verify with the City of Portland). The full basement is perfect for storage and utilities and has blown insulation, two newer natural gas wall hung boilers, and washer/dryer hookups. The garage is in fair condition and currently provides convenient extra storage for tenants or the property owner. Lots of off street parking can be found outside on the nearly completely fenced in lot. This in-town location close to restaurants, coffee, transit, and parks makes for a strong addition to any investors portfolio or a great setup for enjoyable owner occupancy. Tenants will appreciate a convenient bus stop outside of the Washington Avenue entrance. Solid bones, big bedrooms, and an uncommon upside with the attic space. Bring your vision and add value in one of Portland's most convenient corridors.

Listing last checked: Listing updated:

Listed by Listing Agent · Maine Real Estate Co · MLS #1635440

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Details at a glance

Interior3 property facts
Heating
Hot Water
Cooling
None
Flooring
Carpet, Laminate
Building5 property facts
Style
Duplex
Year built
1905
Garage
2
Foundation
Brick/Mortar
Roof
Shingle
Land & utilities4 property facts
Lot size
0.16 acres
Water
Public
Sewer
Public Sewer
Zoning
RN3
Financial2 property facts
Annual taxes
$7,522
Assessment year
2024

Location

Estimated monthly cost

Explore costs at the $550,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$3,408 / monthAdjust
Principal & interest
$2,781
Property tax
$627
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $7,522. 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 605 Washington Avenue

Can I request a private showing?

Request a tour of 605 Washington 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.