105 Sherman Street, Portland, ME 04101

Portland
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
105 Sherman Street,Portland, ME 04101
$1,250,000
  • - Beds
  • 6 Baths
  • 5,253 sq. ft.
  • Multi-family
  • Pending
Office: u&r real estate
MLS#:1682792
Source:ME_MREIS

Price summary

  • Price:$1,250,000
  • Price per sq. ft.:$237.96

About this home

An incredible investment opportunity in the heart of Portland, 105 Sherman Street is a well-maintained 6-unit apartment building with an established property management history, a 7.28% cap rate, and strong rental performance. Each of the six units offers an oversized 1 bedroom, 1 bath layout, while leased parking spaces generate additional income each month. Whether you're an experienced investor looking to add a solid multifamily asset to your portfolio or a new investor ready to get started, this property offers an exciting opportunity in one of Maine's strongest rental markets. The building has benefited from significant improvements over the years, including a new roof and exterior siding in 2015, renovations to Units 2, 3, 5, and 6 between 2015 and 2019, and a new front porch and boiler in 2026. With established management already in place and a strong rental history, much of the groundwork has been done for the next owner. The location is hard to beat, with easy access to the...

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Home facts

  • Year built:1910
  • Subdivision & Development:Parkside
  • Listing ID #:1682792
  • Updated:October 07, 2026 at 09:03 AM

Rooms and interior

  • Total bathrooms:6
  • Full bathrooms:6
  • Flooring:Carpet, Laminate, Tile, Vinyl, Wood
  • Bedroom Description:1st Floor Bedroom
  • Basement Description:Daylight, Full, Interior Entry, Walk-Out Access
  • Living area:5,253 sq. ft.

Heating and cooling

  • Heating:Gas Natural, Heating, Steam

Structure and exterior

  • Roof:Pitched, Rolled/Hot Mop, Shingle
  • Year built:1910
  • Building area:5,253 sq. ft.
  • Lot area:0.1 Acres
  • Lot Features:Intown, Near Public Transit, Near Shopping, Near Turnpike/Interstate, Neighborhood, Sidewalks
  • Architectural Style:New Englander
  • Construction Materials:Clapboard, Wood Frame
  • Exterior Features:Porch
  • Foundation Description:Brick/Mortar, Stone

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,250,000
  • Price per sq. ft.:$237.96
  • Tax amount:$11,734 (2025)

Features and amenities

  • Amenities:Storage

Parking

  • Parking description:5 - 10 Spaces, Gravel, Off street
MLS LogoMREIS Multiple Listing Service™ systemListing data is derived in whole or in part from the Maine IDX & 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 ME_MREIS Member Broker: Christopher Masiello

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