597 Main Street, South Portland, ME 04106
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
597 Main Street,South Portland, ME 04106
$895,000
- - Beds
- 3 Baths
- 3,630 sq. ft.
- Multi-family
- Active
Office: dream home realty llc.
MLS#:1665990
Source:ME_MREIS
Price summary
- Price:$895,000
- Price per sq. ft.:$246.56
About this home
Exceptional Mixed-Use Investment Opportunity in South Portland
Rare opportunity to acquire a well-maintained, income-producing mixed-use property in a highly visible Main Street location. This versatile three-unit building offers a diversified income stream with a gross annual income of $70,800, anchored by an established medical office occupying the entire first floor, providing the benefit of stable commercial tenancy.
The two residential units above provide additional rental income and strong tenant appeal. Each residential unit features its own washer and dryer, while tenants are responsible for their own heat and electricity -- helping reduce owner expenses and maximize net operating income.
Meticulously cared for and truly turnkey, the property offers desirable amenities including off-street parking for up to three residential vehicles, additional on-street parking for tenants, clients, and guests, and convenient access to public transportation.
Ideally positioned along South Portland's Main Street corridor, this property is close to local businesses, shopping, dining, downtown Portland, major commuter routes, and area amenities. With proven rental history, strong tenant demand, diversified commercial and residential income, and excellent visibility, this is a rare opportunity to own a stable, cash-flowing investment property in one of Southern Maine's most desirable markets....
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Home facts
- Year built:1920
- Listing ID #:1665990
- Updated:June 07, 2026 at 08:52 PM
Rooms and interior
- Total bathrooms:3
- Full bathrooms:2
- Flooring:Carpet, Linoleum, Luxury Vinyl
- Basement Description:Brick/Mortar, Exterior Entry, Full, Interior Entry, Unfinished
- Living area:3,630 sq. ft.
Heating and cooling
- Heating:Electric, Heat Pump, Heating
Structure and exterior
- Roof:Shingle
- Year built:1920
- Building area:3,630 sq. ft.
- Lot area:0.16 Acres
- Lot Features:Business District, Corner Lot, Landscaped, Level, Near Shopping, Near Town, Near Turnpike/Interstate, Sidewalks
- Architectural Style:Colonial
- Construction Materials:Vinyl Siding, Wood Frame
- Exterior Features:Porch
- Foundation Description:Brick/Mortar, Poured Concrete
- Levels:Multi Level
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$895,000
- Price per sq. ft.:$246.56
- Tax amount:$9,062 (2025)
Features and amenities
- Laundry features:Main Level, Upper Level
Parking
- Parking description:1 - 4 Spaces, Assigned, Common, Off street, On Street, Paved
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