Investors and house hackers - this downtown Portland 3-unit offers a strong income with two 3-bedroom units currently renting for $2,700/month each, while the vacant third-floor 2-bedroom gives you the opportunity to generate more income, move in yourself, or make further improvements to build additional equity. The property is equipped with a sprinkler system, separate heat and electric, providing easy management and controlled expenses. Add to your investment portfolio or offset your housing costs with rental income.

More Info

Tax Information

Parcel Number PTLD-000048-E000006-000001
Taxes$7,791

Location

Address124 Sherman Street
Building Number124
CountyCumberland
StateME
StreetSherman Street
TownPortland
Zip04101

Utilities

Electric Circuit Breakers
Heat SystemGas Natural, Forced Air, Space Heater
Heating YN Yes
Waste Water DisposalPublic Sewer

Legal

ZoningRN-4

Parking

Parking Features Other,1 - 4 Spaces, Off Street, On Street

Basic Information

List Price$789,000
MLS Number1679888
Property TypeMulti-Family
StatusACT

Property

Road Surface Type Paved

Exterior

RoofShingle

Property Information

Acreage0.06
Lot Features Intown, Level, Sidewalks
Square Feet3,030

Water Body

Water AccessPublic

Other

Date Listed09/09/2026
Unit 1 Full Baths 1
Unit 1 Lease Yes
Unit 1 Level First
Unit 1 Monthly Rent $2,766
Unit 1 Rooms 5
Unit 1 Water Yes
Unit 2 Full Baths 1
Unit 2 Lease Yes
Unit 2 Level Second
Unit 2 Monthly Rent $2,766
Unit 2 Rooms 5
Unit 2 Water Yes
Unit 3 Full Baths 1
Unit 3 Level Third
Unit 3 Rooms 3
Unit 3 Water Yes

Rooms

Bathroom3
Bathrooms Total Decimal 3
Full Bath3

Building

BasementInterior Entry, Full, Unfinished
Building Info Heating Units 3
Building Info Water Heaters 3
Flooring Vinyl, Wood
Patio And Porch Features Porch
Property StyleOther
Stories3
Units3
Year Built1896

Amenities

AmenitiesSprinkler
Other AmenitiesBasement
PetsNo Cats Allowed, No Dogs Allowed
Security Features Fire Sprinkler System

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo Privacy Policy

All Maine Homes participates in ©2026 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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124 Sherman StreetPortland, ME 04101MLS Number 1679888

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