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:October 16, 2025 at 03:51 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
- New
$575,000Active2 beds 2 baths1,025 sq. ft.13 Anderson Street #1, Portland, ME 04101
MLS# 1642034Listed by: WAYPOINT BROKERS COLLECTIVE - New
$1,650,000Active-- beds 3 baths2,700 sq. ft.78 Atlantic Street, Portland, ME 04101
MLS# 1641989Listed by: PORTSIDE REAL ESTATE GROUP - New
$1,375,000Active3 beds 2 baths1,485 sq. ft.58 Cumberland Avenue #3, Portland, ME 04101
MLS# 1641970Listed by: PORTSIDE REAL ESTATE GROUP - New
$999,000Active-- beds 3 baths2,533 sq. ft.1638 Forest Avenue, Portland, ME 04103
MLS# 1641961Listed by: THE ATLANTIC REAL ESTATE NETWORK - New
Listed by BHGRE$440,000Active2 beds 2 baths1,316 sq. ft.419 Riverside Street, Portland, ME 04103
MLS# 1641901Listed by: BETTER HOMES & GARDENS REAL ESTATE/THE MASIELLO GROUP - New
$775,000Active3 beds 3 baths2,479 sq. ft.24 Brandy Lane, Portland, ME 04103
MLS# 1641820Listed by: RE/MAX BY THE BAY 
$524,900Pending2 beds 2 baths1,432 sq. ft.52 Mugwhy Lane #52, Portland, ME 04103
MLS# 1641821Listed by: RE/MAX BY THE BAY- New
$889,000Active3 beds 3 baths1,684 sq. ft.33 Bay View Drive, Portland, ME 04103
MLS# 1641828Listed by: TERRA NOVA REALTY - New
$469,900Active3 beds 1 baths1,203 sq. ft.12 Lawrence Avenue, Portland, ME 04103
MLS# 1641772Listed by: PORTSIDE REAL ESTATE GROUP - New
$1,595,000Active4 beds 5 baths2,921 sq. ft.278 Spring Street, Portland, ME 04102
MLS# 1641713Listed by: VITALIUS REAL ESTATE GROUP, LLC
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2025 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each office is independently owned and operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.