7 Cherry Street, Portland, ME 04102

Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
7 Cherry Street,Portland, ME 04102
$740,000
  • - Beds
  • 3 Baths
  • 2,923 sq. ft.
  • Multi-family
  • Pending
Listed by: douglas schauf jr., curry white
Office: re/max oceanside
MLS#:1644239
Source:ME_MREIS

Price summary

  • Price:$740,000
  • Price per sq. ft.:$253.16

About this home

Fantastic investment opportunity—a three-unit multifamily property at 7 Cherry Street—offers strong rental potential in one of Maine's most desirable and consistently growing markets. Located just minutes from downtown, the Old Port, restaurants, amenities, and major commuter routes, this property attracts high-quality tenants and ensures steady demand year-round. With functional layouts and a solid rental history, this building is an ideal addition to any investor's portfolio or a great first acquisition for someone entering the Portland multifamily market, checking all the boxes whether you seek stable cash flow, long-term appreciation, or a value-add opportunity.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1875
  • Listing ID #:1644239
  • Updated:January 12, 2026 at 03:39 AM

Rooms and interior

  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:2,923 sq. ft.

Heating and cooling

  • Heating:Baseboard, Direct Vent Heater, Hot Water

Structure and exterior

  • Year built:1875
  • Building area:2,923 sq. ft.
  • Lot area:0.18 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$740,000
  • Price per sq. ft.:$253.16
  • Tax amount:$8,536 (2025)
MLS LogoMREIS 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 Reserved

New listings near 7 Cherry Street