6 - 8 Saint Lawrence ST Portland, ME 04101
4 Baths
3,304 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,304 sqft
Price per Sqft $393
Subdivision Munjoy Hill
MLS Listing ID 1651128
Full Baths 4
HOA Y/N No
Year Built 1983
Lot Size 3,049 Sqft
Acres 0.07
Source Maine Listings
Land Area 3304
Property Description
Rare opportunity to acquire a fully leased four-unit, two-building investment property in Portland's highly desirable Munjoy Hill neighborhood. Situated on a single lot with partial Casco Bay views from every unit, this 10-bedroom, 3,000+ SF property offers stable in-place income, strong tenant demand, and long-term upside in one of the city's most sought-after locations. All four units are leased at full market rates, providing immediate cash flow. The property has been owned and thoughtfully improved over the past 19 years, with major capital upgrades that enhance value and reduce near-term expense exposure, including new roofs on both buildings, updated kitchens and baths, casement windows, heating improvements, fresh paint, and newer carpeting. The unit mix is highly rentable and offers broad appeal. The two lower units each feature 2BR/1BA layouts above grade plus finished basement space ideal for an additional bedroom, office, family room, or bonus area. The two upper units offer bright 2BR/1BA layouts with strong natural light and bay-view outlooks. Three of the four units include in-unit laundry, with potential to add laundry to the fourth unit. Outdoor amenities further support tenant demand, including private garden spaces for both buildings and balcony decks for the upper units. On-street parking is readily available on St. Lawrence and Fore Street plus one on-site space. Parking garages close-by provide space during snow bans.
The location adds to the investment story, just minutes from the Eastern Prom, Downtown Portland, and the Roux Institute at Northeastern University. Munjoy Hill's walkable mix of cafés, restaurants, shops, waterfront access, and park land continues to support strong rental demand and long-term appreciation. A stabilized, turnkey multi-unit property with views, meaningful upgrades and full market-rate occupancy.
Location
State ME
County Cumberland
Community Munjoy Hill
Zoning RN-4
Direction Congress or Eastern Promenade to St Lawrence Street. 6-8 St Lawrence Street are the two multi-families immediately on turning onto St Lawrence Street when coming from Fore St. Sign on property. Parking on street readily available.
Body of Water Casco Bay
Rooms
Basement Interior Entry, Walk-Out Access, Finished, Full, Brick/Mortar
Interior
Interior Features 1st Floor Bedroom, Bathtub, Shower, Storage
Heating Electric, Gas Natural, Baseboard, Direct Vent Heater
Cooling None
Flooring Carpet, Tile, Vinyl, Wood
Equipment Cable, Internet Access Available
Furnishings Unfurnished
Fireplace No
Laundry Washer Hookup
Exterior
Parking Features Paved, 1 - 4 Spaces, On Site, On Street
Fence Fenced
Utilities Available Utilities On
Roof Type Shingle
Porch Deck, Porch
Garage No
Building
Lot Description Intown, Near Public Beach, Near Turnpike/Interstate, Neighborhood, Level, Open Lot, Sidewalks, Landscaped, Near Public Transit
Story 2
Entry Level Multi-Level
Foundation Poured Concrete, Brick/Mortar
Water Public
Architectural Style Other
Level or Stories 2
Schools
School District Portland Public Schools
Others
Tax ID PTLD-000016-J000010-000001
