Get new listings emailed daily! Sign Up Login

264 State Street, Portland, ME 04101

  • Main Photo

19 Total Photos [Click to View All]

Active Under Contract
STATUSActive Under Contract PROPERTY TYPEMulti Unit - Multiple

Property Description

The ''Charles Tobie House'' represents a rare opportunity to purchase one of Portland's most stately and admired multi-units. This 13-Unit proudly sits on the corner of State and Sherman Street and is ideally located in the Parkside neighborhood of Portland. Located between USM and Maine Medical Center, the ability to command top rents is assured! This property features a large off-street parking lot, coin-op laundry, separate/metered utilities, and a city monitored fire alarm system with fire suppression. There is a large value-add opportunity for the next owner and plenty of charming details still intact. 2 of the 13 Units have been left vacant allowing an opportunity for the next owner to renovate or simply lease at a higher rate. This property is now offered BELOW appraised value - one of very few (if any) properties in Portland offering equity at closing! This is an opportunity not to be missed. For a video walk-thru go to YouTube and enter the property address.

264 State Street | MLS# 1544862

This multi-family property located at 264 State Street, Portland, ME 04101 is currently listed for sale with an asking price of $1,800,000. Search Portland real estate on today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Brick/Mortar, Finished, Walkout Access
Basement: Yes
Fuel Type: Gas Natural
Heating: Direct Vent Heater
Home Style: Victorian
Lot Size: 0.11 Acres
Roof Type: Slate
Stories: 3.0
Taxes: $17,043
Year Built: 1900

Feature Descriptions

Amenities: Fire System, Laundry - Coin, Sprinkler
Construction: Masonry
Driveway: Paved
Electric: Circuit Breakers
Equipment: Internet Access Available, Other Equipment
Exterior: Brick
Flooring: Laminate, Tile, Vinyl, Wood
Foundation: Brick/Mortar
Location: Historic District, Intown, Near Public Beach, Near Shopping, Near Town, Near Turnpike/Interstate
Lot: Corner Lot, Sidewalks
Parking: 5 - 10 Spaces, Off Street, Paved
Roads: Paved
Sewer: Public Sewer
SQ FT Above Grade: 5225.00
Total 1 Bedroom Units: 13
Units: 13
Vehicle Storage: No Vehicle Storage
Water: Public

Listed By / Shown By

Listed By

Agency Name: Keller Williams Realty
Agency Contact: (207) 232-8877

Shown By

Agency Title: Jean Jenkins - Vacationland Realty
Agency Phone:

IDX logo

Estimate Your Payment

Estimated Payment

$ 9,500.43 per month $7,555.18 Principal & Interest $1,420.25 Property Tax $525.00 Homeowner's Insurance

Change Payment Information

yearly (est.)
(Payments are an estimate and may vary by lender)

Login to My Homefinder

Login to My Homefinder