Bought with Sarah Hipple Vitalius Real Estate Group, LLC
$1,150,000
$1,200,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
481 Cumberland AVE Portland, ME 04101
5 Baths
4,086 SqFt
Key Details
Sold Price $1,150,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,086 sqft
Price per Sqft $281
MLS Listing ID 1676051
Sold Date 10/14/26
Full Baths 4
HOA Y/N No
Year Built 1866
Tax Year 2026
Lot Size 4,791 Sqft
Acres 0.11
Source Maine Listings
Land Area 4086
Property Description
Welcome to 481 Cumberland: a brick 4-unit with its own private parking lot and move-in ready units, an increasingly hard-to-find combination in Portland. The largest unit is two floors with 2 bedrooms and a den, 1.5 baths, and in-unit laundry. The other three units are trendy 1 bds with lofty ceilings, hardwood floors and authentic historic details. Two of the units have been used as Short Term Rentals, generating significant income for the owners. This property will be delivered vacant, creating maximum flexibility and upside to the buyer. Owner occupants are not rent restricted by Portland's Rent Control - so the buyer can live in one unit and rent the other three at market rate.
Location
State ME
County Cumberland
Zoning RN-4
Rooms
Basement Doghouse, Interior Entry, Full, Unfinished, Brick/Mortar
Interior
Heating Oil, Zoned, Radiator, Steam
Cooling None
Flooring Tile, Wood
Laundry Washer Hookup
Exterior
Parking Features Gravel, 5 - 10 Spaces, On Site, Off Street
Roof Type Shingle
Garage No
Building
Lot Description Intown, Level, Open Lot, Sidewalks, Near Public Transit
Water Public
Architectural Style Other
Others
Tax ID PTLD-000048-F000025-000001
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