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
$1,580,000
- - Beds
- 7 Baths
- 4,454 sq. ft.
- Multi-family
- Active Under Contract
Office: re/max shoreline
MLS#:1666398
Source:ME_MREIS
Price summary
- Price:$1,580,000
- Price per sq. ft.:$354.74
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...
Contact an agent
Home facts
- Year built:1894
- Listing ID #:1666398
- Updated:August 03, 2026 at 08:36 AM
Rooms and interior
- Total bathrooms:7
- Full bathrooms:7
- Flooring:Tile, Wood
- Basement Description:Bulkhead, Full
- Living area:4,454 sq. ft.
Heating and cooling
- Heating:Baseboard, Gas Natural, Heating, Hot Water
Structure and exterior
- Roof:Pitched, Slate
- Year built:1894
- Building area:4,454 sq. ft.
- Lot area:0.12 Acres
- 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:$1,580,000
- Price per sq. ft.:$354.74
- Tax amount:$15,255 (2025)
Parking
- Parking description:5 - 10 Spaces, Common, Gravel, Paved
New listings near 272 State Street
- New
$277,000Active1 beds 1 baths383 sq. ft.238 State Street #4, Portland, ME 04101
MLS# 1674293Listed by: KELLER WILLIAMS REALTY - New
$469,900Active3 beds 1 baths1,120 sq. ft.37 Daggett Street, Portland, ME 04103
MLS# 1674270Listed by: ALLIED REAL ESTATE - New
$609,000Active4 beds 2 baths2,535 sq. ft.11 Upland Avenue, Portland, ME 04103
MLS# 1674182Listed by: SEBAGO TO THE SEA REALTY LLC - New
$650,000Active-- beds 2 baths1,749 sq. ft.24 Rowe Avenue, Portland, ME 04102
MLS# 1674191Listed by: RE/MAX SHORELINE
$625,000Active Under Contract8 beds 2 baths1,170 sq. ft.106 Cumberland Avenue #401, Portland, ME 04101
MLS# 1674169Listed by: PORTSIDE REAL ESTATE GROUP- New
$495,000Active2 beds 3 baths1,440 sq. ft.52 Maple Street, Portland, ME 04101
MLS# 1674158Listed by: KELLER WILLIAMS REALTY - Open Mon, 11:30am to 1pmNew
$800,000Active-- beds 3 baths2,896 sq. ft.22 Hawthorne Street, Portland, ME 04103
MLS# 1674145Listed by: PORTSIDE REAL ESTATE GROUP - New
$799,000Active3 beds 3 baths1,554 sq. ft.222 Ludlow Street, Portland, ME 04102
MLS# 1674105Listed by: COASTAL PINE REAL ESTATE, LLC - New
$998,000Active4 beds 2 baths1,616 sq. ft.6 Oceanview Terrace, Portland, ME 04108
MLS# 1673978Listed by: PORTSIDE REAL ESTATE GROUP - Open Wed, 12 to 1pmNew
$1,325,000Active-- beds 6 baths3,530 sq. ft.10 Adelaide Street, Portland, ME 04103
MLS# 1673924Listed by: VITALIUS REAL ESTATE GROUP, LLC