57-59 Cumberland Avenue, Portland, ME 04101

Portland
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
57-59 Cumberland Avenue,Portland, ME 04101
$895,000
  • - Beds
  • 5 Baths
  • 3,800 sq. ft.
  • Multi-family
  • Pending
Office: benchmark real estate
MLS#:1658526
Source:ME_MREIS

Price summary

  • Price:$895,000
  • Price per sq. ft.:$235.53

About this home

Located on Munjoy Hill just outside of inner Washington Avenue, this five-unit property sits in the center of one of Portland's most dynamic and desirable neighborhoods--surrounded by bars, breweries, and boutiques, and the energy that defines the East End. Positioned on an elevated site, the property offers city skyline views and represents one of the more compelling and reasonably priced investment opportunities in Portland. With two structures and five total units, ample off-street parking, and strong upside potential, this is an ideal candidate for a 1031 exchange or a quality long-term hold. The property generates ~ $57,000 in net operating income and offers a healthy 6.4% cap rate, delivering immediate returns while positioning investors to benefit from long-term appreciation in one of Portland's most sought-after neighborhoods. A key differentiator: the property is NOT located within Portland's historic district, opening the door to meaningful flexibility - whether...

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Home facts

  • Year built:1920
  • Listing ID #:1658526
  • Updated:June 05, 2026 at 07:50 AM

Rooms and interior

  • Total bathrooms:5
  • Full bathrooms:5
  • Flooring:Carpet, Tile, Wood
  • Bathrooms Description:Bathtub, Shower
  • Basement Description:Brick/Mortar, Full, Interior
  • Living area:3,800 sq. ft.

Heating and cooling

  • Heating:Heating, Hot Water

Structure and exterior

  • Roof:Pitched, Shingle
  • Year built:1920
  • Building area:3,800 sq. ft.
  • Lot area:0.11 Acres
  • Lot Features:Intown, Level, Near Country Club, Near Golf Course, Near Public Beach, Near Public Transit, Near Railroad, Near Shopping, Near Turnpike/Interstate, Neighborhood, Open, Sidewalks
  • Architectural Style:New Englander
  • Construction Materials:Shingle Siding, Vinyl Siding, Wood Frame
  • Exterior Features:Porch
  • Foundation Description:Brick/Mortar, Concrete Perimeter
  • Levels:Multi Level

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$895,000
  • Price per sq. ft.:$235.53
  • Tax amount:$12,321 (2026)

Features and amenities

  • Laundry features:Washer Hookup
  • Amenities:One-Floor Living

Parking

  • Parking description:5 - 10 Spaces, Paved
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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