7 Huntress Street Portland, ME

$2,100,000
Baths 10
Square Footage 9,980
Acres 0.24
Photo of 7 Huntress Street Portland ME 04102




Description

7 Huntress Street presents exceptionally well as a professionally managed 10-unit multifamily asset in one of Portland's most desirable in-town locations. Ideally situated near Maine Medical Center, Thompson's Point, downtown Portland, and major transportation routes, the property offers both stable cash flow and long-term investment appeal. Current ownership has made numerous thoughtful capital improvements, including replacement of the original cast iron plumbing with PVC, recent boiler servicing, repairs to the rubber roof, new carpeting in one apartment and in the right-side common hallway, two new ceilings, updated blinds and interior paint, a new bathroom window, and updated appliances including a new stove, refrigerator, and sink in one unit. The property also benefits from two new washers and two new dryers, while six of the apartments now feature modern keyless entry systems. Parking is a significant value add, offering nine total spaces, including four garage bays plus additional off-street parking. Ownership has also identified an opportunity for the next investor to increase revenue through strategic parking rental income, creating additional upside beyond the existing rental stream. Well maintained with a strong history of ownership and meaningful recent updates. A rare opportunity to acquire a turnkey multifamily asset with both immediate stability and future income potential in Portland's thriving rental market


Listed by RE/MAX Shoreline, Erin Finley 207-553-7500

Details

MLS 1666409
Status Active
Price $2,100,000
DOM 117 days
Type Multi-Family
Baths 10 full baths
Square Feet 9,980 sqft
Garage Spaces 4
Lot Size 0.24 acres
Year Built 1910
Taxes Paid $21,928

Lot & Building Features

Amenities Bathtub, Laundry - Coin, Storage
Cooling None
Heating Gas Natural, Baseboard, Hot Water, Zoned, Radiator
Parking Description Common, Reclaimed, 5 - 10 Spaces, On Site, Off Street, Detached
Tax Year 2025
Taxes Paid $21,928
Water Public
Water Heater Off Heating System

Room Details

Basement Description Interior Entry, Walk-Out Access, Daylight, Finished, Full, Unfinished, Brick/Mortar

Map

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Financing

$
20%
1%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.


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