105 Sherman ST, Portland, ME 04101
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105 Sherman ST, Portland, ME 04101
105 Sherman ST, Portland, ME 04101
105 Sherman ST, Portland, ME 04101
105 Sherman ST, Portland, ME 04101
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Tom Landry

Tom Landry

+1(207) 775-0248
Listed by Amanda Wheeler U&R Real Estate
$ 1,250,000
Est. payment /mo
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105 Sherman ST Portland, ME 04101

6 Baths

5,253 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,253 sqft

Price per Sqft $237

Subdivision Parkside

MLS Listing ID 1682792

Full Baths 6

HOA Y/N No

Year Built 1910

Tax Year 2025

Lot Size 4,356 Sqft

Acres 0.1

Source Maine Listings

Land Area 5253

Property Description

An incredible investment opportunity in the heart of Portland, 105 Sherman Street is a well-maintained 6-unit apartment building with an established property management history, a 7.28% cap rate, and strong rental performance. Each of the six units offers an oversized 1 bedroom, 1 bath layout, while leased parking spaces generate additional income each month. Whether you're an experienced investor looking to add a solid multifamily asset to your portfolio or a new investor ready to get started, this property offers an exciting opportunity in one of Maine's strongest rental markets. The building has benefited from significant improvements over the years, including a new roof and exterior siding in 2015, renovations to Units 2, 3, 5, and 6 between 2015 and 2019, and a new front porch and boiler in 2026. With established management already in place and a strong rental history, much of the groundwork has been done for the next owner. The location is hard to beat, with easy access to the Old Port, Arts District, Maine Medical Center, Deering Oaks, Hadlock Field, Thompson's Point, and Portland's incredible restaurants, breweries, shops, and entertainment. With downtown amenities close by and convenient access to I-295 and major commuter routes, 105 Sherman Street combines location, rental history, and thoughtful improvements into a compelling Portland investment.

Location

State ME

County Cumberland

Community Parkside

Zoning R6

Direction GPS accurate

Rooms

Basement Interior Entry, Walk-Out Access, Daylight, Full

Interior

Interior Features 1st Floor Bedroom, Storage

Heating Gas Natural, Steam

Cooling None

Flooring Carpet, Laminate, Tile, Vinyl, Wood

Equipment Cable, Internet Access Available

Fireplace No

Exterior

Parking Features Gravel, 5 - 10 Spaces, Off Street

Roof Type Pitched,Rolled/Hot Mop,Shingle

Porch Porch

Garage No

Building

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

Story 3

Foundation Stone, Brick/Mortar

Water Public

Architectural Style New Englander

Level or Stories 3

Others

Tax ID PTLD-000048-C000025-000001

Maine MLS (MREIS) IDX
Tom Landry

Tom Landry

Broker

+1(207) 775-0248

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105 Sherman ST