15 Cumberland AvenuePortland, ME 04101MLS Number 1546760

  • Price: $1,495,000
  • Est. Mortgage of $/month
$
$
%
$/month over payments
Federal 30-year interest rate: 6.58% last updated on Nov 23, 2022
* All 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.
Active
15 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 0410115 Cumberland Avenue Portland ME 04101
QR Code
  • 0.12Acreage
  • 5Bathrooms
  • 1900Year Built
  • 4,046Square Feet

Driving Directions

Comprehensively updated and multi-family, located in one of Maine's most desirable neighborhoods is ideal for an owner occupant, investor or developer. Located in the heart of Portland's desirable East End the site is a short walk to the parks, playgrounds, bakeries, breweries, boutiques and business of Munjoy Hill, inner Washington Ave and Portland Foreside... locations don't get more desirable. This is a key component to garnering great rents, having zero vacancies, enjoying unparalleled appreciation and most importantly - providing an outstanding quality of life. Over the last several years the owners have updated the building unit by unit. From the semi-boring stuff like windows, doors, electrical, plumbing, heating... to the more enjoyable things like updated kitchens, baths, in-unit laundry, flooring and lighting this building is turn-key and condo-quality. Rents are at market and there is banked rent (allowing a new owner to raise the rents significantly) so rent control is no concern. With gross rents of $90,000, tenants paying for their utilities and low - low cost of ownership this is an ideal investment or condo / single family alternative. Located in the desirable R6 zone and not in the historic district a new owner has lots of options from expansion (7 units are allowed), separate structure or a more comprehensive re-imagination and development. When you realize that this is one of the highest points in Portland that already affords brilliant water views you can't help but dream a little... .12 acres, 4,046sf, 5 units, 3 - 1 bedroom & 1 bath units, 2 - 2 bedroom & 1 bath units, 5 off street parking spaces. Shown by appointment.
Listed by Benchmark Real Estate

Ask A Question

Do not fill in this field:

More Info

Location Information

  • Building Number15
  • StreetCumberland Avenue
  • Neighborhood AssociationMunjoy Hill/East End

Building

  • Bathroom5
  • Square Feet4,046
  • Foundation MaterialsBrick/Mortar
  • BasementBulkhead, Full, Unfinished
  • 2 Bedroom Units2
  • 1 Bedroom Units3
  • Stories3
  • Units5
  • Building ConstructionWood Frame
  • Num Heating Units5
  • Num Water Heaters3
  • RoofShingle

Amenities

  • Recreational WaterNearby, Public
  • Amenities
    • 1st Floor Bedroom
    • Bathtub
    • Fence
    • Laundry - Hookup
    • Other Amenities
    • Porch
    • Shower
    • Storage
  • Other AmenitiesBasement

Photos

  • Number of Photos51

Rooms

  • Full Bath5

Location

  • StateME
  • Location
    • Intown
    • Near Country Club
    • Near Golf Course
    • Near Public Beach
    • Near Railroad
    • Near Shopping
    • Near Turnpike/Interstate
    • Neighborhood
  • Zip04101
  • Address15 Cumberland Avenue
  • CountyCumberland
  • DrivewayPaved
  • Map14
  • Road Frontage DescriptionPaved, Public
  • SiteCorner Lot, Open, Rolling/Sloping, Sidewalks, Well Landscaped
  • TownPortland
  • TransportationMajor Road Access, Near Airport, Public Transport Access, Rail Available

Utilities

  • WaterPublic
  • Heating FuelGas Natural
  • Heat SystemBaseboard, Direct Vent Heater, Hot Water, Multi-Zones
  • CoolingNone
  • ElectricCircuit Breakers
  • GasNatural - On Site
  • Waste Water DisposalPublic Sewer

Other

  • Last Img Trans Date11/05/2022
  • Modification Date11/05/2022
  • Lot24
  • Parking Spaces1 - 4 Spaces, Off Street, On Site, Paved
  • Year Built1900

Basic Information

  • StyleNew Englander
  • SeasonalNo
  • MLS Number1546760
  • Agent ID008182
  • Broker NameBenchmark Real Estate
  • Broker ID3059
  • List Price$1,495,000
  • MLS StatusActive
  • Property SubTypeMulti Family

Property

  • Acreage0.12
  • Leased LandNo
  • Sq Ft SourcePublic Records
  • Vehicle StorageNo Vehicle Storage
  • Water ViewNo

Exterior

  • ExteriorWood Siding

Property Information

  • ColorMaize

Water Body

  • Water FrontageNo
CENTURY 21 Atlantic
CENTURY 21 Atlantic
Office: 207-363-4053
433 US Route One
Suite 101
York, ME 03909

Share

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

CENTURY 21 Atlantic participates in ©2022 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.

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

$

Do not fill in this field: