About this home
Investment Opportunity in the Heart of South Portland. Rare opportunity to own a corner-lot property featuring two buildings and multiple potential income-producing uses. The property includes a two-unit duplex plus an additional commercial building, offering an investor the flexibility to explore a variety of possibilities. The duplex features two residential units. The first-floor Unit 1 offers two bedrooms and has benefited from recent updates throughout. Unit 2, located on the second floor, offers one bedroom and is currently being rented for $1550. The adjacent former restaurant space provides additional potential for redevelopment and may offer the opportunity to convert the existing space into an additional residential unit for a potential three-unit property, subject to applicable zoning, permitting, and code requirements. With a desirable corner-lot location in the heart of South Portland, convenient access to local amenities, and multiple potential avenues for future use, this property presents an excellent opportunity for investors, owner-occupants, or developers looking to add value in a sought-after location. Location, location, location!
Listing last checked: Listing updated:
Listed by Listing Agent · EXP Realty · MLS #1679411
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Details at a glance
Interior3 property facts
- Heating
- Oil, Hot Water, Radiant
- Cooling
- None
- Flooring
- Laminate, Vinyl
Building5 property facts
- Style
- Other
- Year built
- 1900
- Garage
- 0
- Foundation
- Block
- Roof
- Flat, Shingle
Land & utilities4 property facts
- Lot size
- 0.14 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- Residential Zone A
Financial2 property facts
- Annual taxes
- $6,123
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $499,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$3,033 / monthAdjust
- Principal & interest
- $2,523
- Property tax
- $510
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $6,123. 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 449 Main Street
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