64 Gray Street, Portland, ME 04102
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
64 Gray Street,Portland, ME 04102
$1,450,000
- - Beds
- 7 Baths
- 5,150 sq. ft.
- Multi-family
- Active
Listed by:christopher lavoie
Office:keller williams realty
MLS#:1622551
Source:ME_MREIS
Price summary
- Price:$1,450,000
- Price per sq. ft.:$281.55
About this home
Group Showing Tuesday May 20th 11:30-1pm
Step into Portland's rich history with this beautifully renovated and updated seven-unit building in a prime location! Situated with exceptional proximity to all that downtown Portland has to offer - from its vibrant arts scene and renowned restaurants to its bustling waterfront - this property presents a fantastic investment opportunity.
This meticulously maintained building features a desirable unit mix of five spacious one-bedroom apartments and two efficient studio apartments, all currently leased at market rents, ensuring a strong and immediate income stream. Every unit has recently extensive renovations and updates have preserved the building's historic charm while providing modern comfort and convenience for tenants. A new heating system offers efficiency and reliability. Full Renovation of the entire exterior of the building.
A significant amenity in this urban setting is the on-site parking available for tenants for a small fee, a feature that adds considerable value and tenant appeal.
Investment Highlights:
Seven Units: Five 1-bedroom units and two studio units.
Prime Location: Unbeatable access to downtown Portland's attractions, amenities, and employment centers.
Market Rents: All units are currently rented at full market value.
Historic Charm, Modern Updates: Beautifully renovated and updated throughout, blending historic character with contemporary living.
New Heating System: Ensuring efficient and cost-effective heating for the entire building.
On-Site Parking: A valuable amenity for tenants in a downtown location, available for a fee.
Strong Income Potential: A fully leased building in a high-demand rental market.
Don't miss this exceptional opportunity to own a piece of Portland's history while capitalizing on a strong multi-family investment in a sought-after location.
Contact an agent
Home facts
- Year built:1910
- Listing ID #:1622551
- Updated:September 08, 2025 at 03:45 PM
Rooms and interior
- Total bathrooms:7
- Full bathrooms:7
- Living area:5,150 sq. ft.
Heating and cooling
- Heating:Radiator
Structure and exterior
- Year built:1910
- Building area:5,150 sq. ft.
- Lot area:0.09 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,450,000
- Price per sq. ft.:$281.55
- Tax amount:$15,208 (2025)
MREIS Multiple Listing Service™ system
Listing 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. © 2023 Maine Real Estate Information System, Inc. All Rights ReservedNew listings near 64 Gray Street
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