Multi-Family for Sale: 176-178 Massachusetts Avenue, Portland, ME 04102 SOLD

2 full baths
$655,000
$655,000
176-178 Massachusetts Avenue, Portland, ME 04102 SOLD
2 full baths
$655,000
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Selling Price: $655,000
Original List Price: $649,000
Sold at 100.9% of list price
Sold Date: 09/16/2024

Type Multi-Family
Style New Englander
Total Baths 2 full baths
Square Feet 1,690 sqft
Lot Size 0.11 acres
Year Built 1921
Taxes Paid $6,634

City Portland
County Cumberland

MLS 1599927
Status Closed
This charming two-family home is a fantastic opportunity for both homeowners and investors. Each unit has its own utilities, ensuring easy management and billing. The property offers flexible living arrangements, ideal for owner-occupants who want to live in one unit and rent out the other. It boasts a strong short-term Airbnb rental history with impressive returns, as well as an excellent long-term rental history - a great way to offset mortgage costs. The first floor features a cozy 1-bedroom unit, perfect for rental income or comfortable living. On the upper floors you will find a cheerful owner's unit featuring two levels of living space, two bedrooms (with potential for a third), an updated bathroom and kitchen, and a delightful sun porch. The house is filled with natural light and timeless period charm. The property boasts a charming backyard with a patio, ideal for outdoor enjoyment and privacy. It is situated in a highly desirable neighborhood, offering convenient access to the University of Southern Maine and Maine Law's campuses, as well as Portland's shops and restaurants. Additionally, it is just minutes from Doherty Field and the popular outdoor Kiwanis Pool. This exceptional two-family property offers the perfect blend of comfort, convenience, and investment potential. Rental history and expenses are available upon request for potential rental income. It's a rare find in a desirable area, making it a must-see for anyone looking to invest in real estate or find a new place to call home. Open House: Sunday, 8/11 11am-1pm.

Room Features

Basement Description Full, Unfinished, Interior Entry

Lot & Building Features

Cooling None
Tax Year 2024
Taxes Paid $6,634

Unit Features

Unit 1 Full Baths 1
Unit 1 of Bedrooms 1
Unit 1 of Rooms 4
Unit 2 Full Baths 1
Unit 2 of Bedrooms 2
Unit 2 of Rooms 5

Price History of 176-178 Massachusetts Avenue, Portland, ME

Date Name Price Difference
08/09/2024 Listing Price $655,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 176-178 Massachusetts Avenue, Portland, ME

Location Map Street View
Photo of Diane Bitsack
Direct: 603-493-1592
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by Legacy Properties Sotheby's International Realty, Heather Shields 207-780-8900
Sold by Portside Real Estate Group, Cynthia DeWitt 207-536-4222
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20%
1.012879389313%
6.75%
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Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Legacy Properties Sotheby's International Realty

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.