583 Washington Avenue #3-units, Portland, ME 04103
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
Office: coldwell banker realty207-773-1990
MLS#:1682008
Source:ME_MREIS
Price summary
- Price:$1,050,000
- Price per sq. ft.:$255.66
About this home
A classic Portland triple decker in the East Deering neighborhood, offering a rare dual opportunity: strong rental income for investors, or immediate move-in potential for owner-occupants (second floor has been left vacant) looking to offset their mortgage with rental income. The numbers: a strong existing rent roll of $8,240 per month, plus coin-operated laundry income of $1k per year, with 11 off-street parking spaces on site — a major advantage in Portland. Built in 1900 and spanning 4,107 total square feet, all three units share an unusually generous layout, each with three bedrooms, one bathroom, a living room, dining room, kitchen, pantry, private storage, and outdoor porches for 2 of the units — giving tenants comfortable, functional living space that's increasingly hard to find. Hardwood floors run throughout, and updated kitchens add lasting value across all three units. The building has been well maintained, with all major systems — including the roof and complete building rewiring — updated and/or in good working order, offering real peace of mind for the next owner. Location is a standout, just minutes from I-295 and downtown with a bus stop close by for easy commuting. Back Cove's scenic running trail and the new Roux Institute campus are both within walking distance, putting green space and everyday amenities right at your doorstep. Whether you're an investor seeking dependable cash flow or a buyer ready to live in one unit while tenants help cover the mortgage, this classic triple decker delivers on both fronts....
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Home facts
- Year built:1900
- Subdivision & Development:NA
- Listing ID #:1682008
- Updated:November 12, 2026 at 12:05 PM
Rooms and interior
- Total bathrooms:3
- Full bathrooms:3
- Flooring:Hardwood, Tile
- Bathrooms Description:Bathtub, Shower
- Kitchen Description:Pantry
- Bedroom Description:1st Floor Bedroom
- Basement Description:Bulkhead, Exterior Entry, Finished, Full, Interior Entry
- Living area:4,107 sq. ft.
Heating and cooling
- Heating:Heating, Oil, Steam
Structure and exterior
- Roof:Membrane
- Year built:1900
- Building area:4,107 sq. ft.
- Lot area:6156 Acres
- Lot Features:Landscaped, Near Public Transit, Near Shopping, Near Turnpike/Interstate, Neighborhood, Sidewalks, Suburban
- Architectural Style:Victorian
- Construction Materials:Vinyl Siding, Wood Frame
- Exterior Features:Porch
- Foundation Description:Granite
- Levels:Multi Level
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,050,000
- Price per sq. ft.:$255.66
- Tax amount:$10,897 (2026)
Features and amenities
- Laundry features:Laundry - Coin
- Amenities:Storage
Parking
- Parking description:11 - 20 Spaces, Paved
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