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Tom Landry

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

Listed by Ann Cianchette Keller Williams Realty

$ 800,000

Est. payment -/mo

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117 Allen AVE Portland, ME 04103

3 Baths

3,438 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,438 sqft

Price per Sqft $232

MLS Listing ID 1682904

Full Baths 3

HOA Y/N No

Year Built 1912

Tax Year 2026

Lot Size 0.290 Acres

Acres 0.29

Source Maine Listings

Land Area 3438

Property Description

Investors, this one checks all the boxes for an income property or for owner-occupied living. This stately 1912 Victorian with three fully leased apartments in Portland's North Deering neighborhood generates $74,400 in gross annual income. The building offers TWO 2BR/1BA units ($2,400/month on the first floor and $2,100/month on the 2nd floor), and a 1BR/1BA third-floor unit ($1,700/month), each with separate utilities. Landlord pays water & sewer for all. The 3rd-floor unit is income-controlled by the City of Portland - seller currently pays the unit's utilities. Unit 2 is leased through the end of 2026. Units 1 & 3 have leases in place through 10/1/2027. Period charm abounds, with two fireplaces, a large front porch, built-in cabinetry, and original molding, complemented by thoughtful modern updates. 2021 updates include the first-floor kitchen-new cabinets, a butcher block island, and new appliances, including a natural gas range, an added doorway to the dining room, a replaced ceiling in the middle bedroom, and fresh paint throughout unit 1. In 2022, a new sewer line was installed along with a new heater for the second-floor front stairwell. In 2024, the second floor was repainted, its kitchen floor was refinished, and washer/dryers were added for units 2 and 3, so each unit has its own laundry set (landlord owned.) In 2025, an electric hot water heater for the 2nd floor and updated sprinkler system electrics were installed. In 2026, the exterior was painted, a new storm door was installed, landscaping was completed, and the interior stairs were freshly painted. Set on a level 0.29-acre lot near Yale Street, the property also includes a detached 2-car garage, a storage shed and ample off-street parking. Enjoy a convenient location close to UNE's Dental School, shopping, public transit, and great restaurants, with easy access to I-95, I-295, and the airport. This well-maintained, fully occupied investment property is ready for you!

Location

State ME

County Cumberland

Zoning RN3

Direction From Forest Ave heading north turn onto Allen Avenue. Property is 0.3 miles on the right.

Rooms

Other Rooms Shed(s)

Basement Doghouse, Interior Entry, Walk-Out Access, Full, Unfinished

Interior

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

Heating Electric, Oil, Heat Pump, Hot Water, Steam

Cooling Heat Pump

Flooring Laminate, Tile, Vinyl, Wood

Fireplaces Number 2

Equipment Cable

Furnishings Unfurnished

Fireplace Yes

Window Features Double Pane Windows

Laundry Washer Hookup

Exterior

Parking Features Common, Paved, 5 - 10 Spaces, On Site, Off Street, Detached

Garage Spaces 2.0

View Scenic

Roof Type Pitched,Shingle

Porch Porch

Garage Yes

Building

Lot Description Intown, Near Country Club, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Suburban, Level, Open Lot, Sidewalks, Near Public Transit

Story 2

Foundation Block, Granite

Water Public

Architectural Style Victorian

Level or Stories 3

Schools

School District Portland Public Schools

Others

Tax ID PTLD-000436-A000003-000001

Tom Landry

Broker

+1(207) 775-0248

Tom Landry

117 Allen AVE Portland, ME 04103

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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117 Allen AVE