160 Washington AvenuePortland, ME 04101MLS Number 1622196

  • Price: $1,495,000
  • Est. Mortgage of $/month
  • 44 Days on Market
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$
%
$/month over payments
Federal 30-year interest rate: 6.81% last updated on Jun 18, 2025
* 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.
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160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101160 Washington Avenue Portland ME 04101
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  • 0.15Acreage
  • 5Bathrooms
  • 1985Year Built
  • 4,732Square Feet

Driving Directions

Turnkey 5-Unit Investment in Prime Munjoy Hill Location! Seasoned investors know the value of location, layout, and low-maintenance assets-this property checks all the boxes. Situated at the base of Munjoy Hill, one of Portland's most desirable and appreciating neighborhoods, this well-maintained five-unit building offers a solid, income-generating opportunity. All five units are two-bedrooms, a consistently high-demand layout that attracts long-term tenants. Interiors are efficiently designed, with spacious living areas, functional kitchens, and ample natural light-units that rent easily and retain well. The building has been well cared for, minimizing deferred maintenance and immediate capex needs. Off-street parking adds a competitive edge in this urban market, boosting tenant satisfaction and retention. The location is a key asset: walkable to local dining, coffee shops, artisan retail, and the Eastern Promenade. Public transportation access and proximity to downtown further broaden the tenant pool. This is an ideal opportunity for investors looking to expand or diversify with a plug-and-play multifamily in a high-demand submarket. Whether you're growing a portfolio or executing a 1031 exchange, this Munjoy Hill asset delivers dependable performance and long-term upside.
Listed by Spectrum Real Estate

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More Info

Basic Information

  • Gross Income $94,512

Rooms

  • Bathroom5
  • Full Bath5

Location

  • Address160 Washington Avenue
  • Building Number160
  • CountyCumberland
  • DrivewayCommon, Paved
  • Latitude43.668435
  • Longitude-70.254234
  • StateME
  • StreetWashington Avenue
  • SubdivisionMunjoy Hill
  • TownPortland
  • Transportation Major Road Access, Public Transport Access
  • Zip04101

Exterior

  • Exterior Vinyl Siding
  • RoofComposition, Pitched, Shingle

Property Information

  • Acreage0.15
  • Lot Features
    • Intown
    • Near Public Beach
    • Near Public Transit
    • Near Shopping
    • Open
    • Rolling/Sloping
  • Lot Size Square Feet 6,534
  • Lot Size Units Acres
  • Patio And Porch Features Deck
  • Site Open, Rolling/Sloping
  • Square Feet4,732

Other

  • Date Listed05/11/2025
  • View Count2

Tax Information

  • Tax Book Number 25073
  • Tax Lot9001
  • Tax Map Number 12
  • Tax Year 2024
  • Taxes$11,167

Building

  • Above Grade Finished Area 4,732
  • BasementInterior, Walk-Out Access, Finished, Full
  • Building ConstructionVinyl Siding, Wood Frame
  • Building Info Num Floors 3
  • Building Info Num Heating Units 1
  • Building Info Num Stories 2
  • FoundationConcrete Perimeter
  • Property StyleOther, Colonial
  • Stories3
  • Units5
  • Units Numof 2 Bd Units 5
  • Window Features Double Pane Windows
  • Year Built1985

Amenities

  • AmenitiesBathtub, Laundry - Coin, Shower
  • Mls StatusActive
  • Other AmenitiesBasement, Beachfront, Fireplace, Pool
  • Other Equipment Internet Access Available, Cable

Photos

  • Number of Photos45

Parking

  • Parking Features 5 - 10 Spaces, Paved, Common, Off Street

Basic Information

  • Agent ID001914
  • Broker ID2974
  • Broker NameSpectrum Real Estate
  • List Price$1,495,000
  • LocationTypeBusiness District, Intown, Near Public Beach, Near Shopping
  • MLS Number1622196
  • Modification Date05/12/2025
  • Property TypeResidential Income

Property

  • Lot Size SourcePublic Records
  • Road FrontagePaved, Public

Interior

  • Flooring Vinyl, Laminate, Carpet
  • Interior Features Bathtub, Shower

Utilities

  • Building Info Num Water Heaters 1
  • Electric Circuit Breakers
  • Gas Natural - On Site, Underground
  • Heat SystemZoned, Hot Water, Forced Air, Baseboard
  • Heating FuelGas Natural
  • Heating YN Yes
  • Laundry Features Laundry - Coin
  • Sewer Public Sewer
  • Utilities Utilities On
  • Water HeaterOff Heating System, Tank
  • Water Source Public
CENTURY 21 Atlantic
CENTURY 21 Atlantic
Office: 207-363-4053
433 US Route One
Suite 101
York, ME 03909

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. ©2025 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

CENTURY 21 Atlantic participates in ©2025 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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