272 State Street, Portland, ME 04101
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
272 State Street,Portland, ME 04101
$1,483,500
- - Beds
- 7 Baths
- - sq. ft.
- Multi-family
- Closed
Office: re/max shoreline
MLS#:1666398
Source:ME_MREIS
Price summary
- Price:$1,483,500
About this home
Originally constructed in 1894 and recognized by Greater Portland Landmarks as the John Howard Hill House, this well-maintained seven-unit brick investment property combines historic character with modern updates in a prime Portland location near Maine Medical Center, the University of Southern Maine, and downtown Portland. This property offers seven spacious apartments, including one efficiency unit, with strong rental appeal and long-term upside. Recent improvements include two new toilets, four new bathroom vanities, a new sink, a new refrigerator, and a new stove. All units feature keyless entry systems, providing added convenience for tenants and streamlined management for ownership. Solid brick construction contributes to low-maintenance ownership, while the property's desirable location continues to attract tenants seeking proximity to major employers, educational institutions, and Portland's restaurants, shops, and amenities. The property also includes four off-street parking spaces, generating an additional $4,800 in annual income. An opportunity to acquire a historic multifamily asset with strong fundamentals, additional income potential, and a proven location in one of Portland's most established rental corridors...
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Home facts
- Year built:1894
- Listing ID #:1666398
- Updated:September 19, 2026 at 07:07 AM
Rooms and interior
- Total bathrooms:7
- Full bathrooms:7
- Flooring:Tile, Wood
- Basement Description:Bulkhead, Full
Heating and cooling
- Heating:Baseboard, Gas Natural, Heating, Hot Water
Structure and exterior
- Roof:Pitched, Slate
- Year built:1894
- Lot Features:Historic District, Intown, Level, Near Shopping, Near Turnpike/Interstate, Neighborhood, Sidewalks
- Architectural Style:Victorian
- Construction Materials:Brick, Masonry
- Foundation Description:Brick/Mortar
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,483,500
- Tax amount:$15,255 (2025)
Parking
- Parking description:5 - 10 Spaces, Common, Gravel, Paved
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