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Tom Landry

landryteam@benchmarkmaine.com +1(207) 775-0248

Listed by Marguerite Gilfoil Coldwell Banker Realty

$ 1,050,000

Est. payment -/mo

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Active

583 Washington AVE #3 Portland, ME 04103

3 Baths

4,107 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,107 sqft

Price per Sqft $255

Subdivision Na

MLS Listing ID 1682008

Full Baths 3

HOA Y/N No

Year Built 1900

Tax Year 2026

Lot Size 6156.000 Acres

Acres 6156.0

Source Maine Listings

Land Area 4107

Property Description

A classic Portland triple decker in the East Deering neighborhood, offering a rare dual opportunity: strong rental income for investors, or immediate move-in potential for owner-occupants (second floor has been left vacant) looking to offset their mortgage with rental income. The numbers: a strong existing rent roll of $8,240 per month, plus coin-operated laundry income of $1k per year, with 11 off-street parking spaces on site — a major advantage in Portland. Built in 1900 and spanning 4,107 total square feet, all three units share an unusually generous layout, each with three bedrooms, one bathroom, a living room, dining room, kitchen, pantry, private storage, and outdoor porches for 2 of the units — giving tenants comfortable, functional living space that's increasingly hard to find. Hardwood floors run throughout, and updated kitchens add lasting value across all three units. The building has been well maintained, with all major systems — including the roof and complete building rewiring — updated and/or in good working order, offering real peace of mind for the next owner. Location is a standout, just minutes from I-295 and downtown with a bus stop close by for easy commuting. Back Cove's scenic running trail and the new Roux Institute campus are both within walking distance, putting green space and everyday amenities right at your doorstep. Whether you're an investor seeking dependable cash flow or a buyer ready to live in one unit while tenants help cover the mortgage, this classic triple decker delivers on both fronts.

Location

State ME

County Cumberland

Community Na

Zoning R-5

Direction Between Veranda and Presumpscot Streets North side

Rooms

Basement Exterior Entry, Interior Entry, Bulkhead, Finished, Full

Interior

Interior Features 1st Floor Bedroom, Bathtub, Pantry, Shower, Storage

Heating Oil, Steam

Cooling None

Flooring Tile, Hardwood

Equipment Cable, Internet Access Available

Furnishings Negotiable

Window Features Double Pane Windows

Laundry Laundry - Coin

Exterior

Parking Features Paved, 11 - 20 Spaces

Fence Fenced

Waterfront Description Nearby

Roof Type Membrane

Porch Porch

Garage No

Exclusions none

Building

Lot Description Near Shopping, Near Turnpike/Interstate, Neighborhood, Suburban, Sidewalks, Landscaped, Near Public Transit

Story 3

Entry Level Multi-Level

Foundation Granite

Water Public

Architectural Style Victorian

Level or Stories 3

Schools

School District Portland Public Schools

Others

Tax ID 583WashingtonAvenuePortland04103

Virtual Tour https://www.propertypanorama.com/instaview/mreis/1682008

Tom Landry

Broker

+1(207) 775-0248

Tom Landry

583 Washington AVE #3 Portland, ME 04103

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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583 Washington AVE #3