115 Clark Street , Portland, ME 04102

$1,099,000
  • 115 Clark Street , Portland, ME 04102 Main Photo

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Active
BEDS0 BATHS3 full SQUARE FEET2,784 MLS#1685200
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

SELLER FINANCING AVAILABLE! An exceptional opportunity to own a beautifully maintained, income-producing three-unit property in Portland's highly desirable West End. Whether you're an investor looking for an established rental property or a future owner-occupant seeking the benefits of rental income, 115 Clark Street offers a rare combination of location, quality, and flexibility. Pride of ownership is evident throughout, with thoughtfully updated interiors, inviting living spaces, and three distinctive residences that offer character, comfort, and functionality. The property is fully occupied with established tenants, generating $91,500 in current annual rental income. Each residence offers its own appeal, including two units with loft spaces, a furnished apartment, and two outdoor decks. Five off-street parking spaces are a standout advantage in this sought-after neighborhood, complemented by shared on-site laundry and a convenient location just moments from the restaurants, coffee shops, galleries, and vibrant cultural scene that make Portland's West End so desirable. For investors, the property offers established income, documented operating expenses, and potential rental upside. For buyers dreaming of living in Portland while building equity, the three-unit configuration presents an appealing future owner-occupancy opportunity, subject to existing tenancy arrangements. Opportunities combining this level of care, an exceptional West End location, five off-street parking spaces, and available seller financing don't come along every day. Live in it, invest in it, or make it part of your long-term portfolio. 115 Clark Street is ready for its next chapter.

115 Clark Street | MLS# 1685200

This multi-family property located at 115 Clark Street , Portland, ME 04102 is currently listed for sale with an asking price of $1,099,000. Search Portland real estate on www.spragueandcurtis.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Bulkhead, Interior Entry, Sump Pump, Unfinished
Heating: Gas Natural, Oil, Baseboard, Forced Air, Hot Water, Zon
Home Style: Other
Lot Size: 0.07 Acres
Roof Type: Shingle
Taxes: $11,679
Year Built: 1884

Feature Descriptions

Amenities: Main Level, Laundry - Coin, Security System
Electric: Circuit Breakers
Exterior: Wood Frame, Asbestos, Wood Siding
Flooring: Carpet, Tile, Wood
Lot: Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Corner Lot, Level, Landscaped
Parking: Common, Paved,5 - 10 Spaces, Off Site
Road Surface: Paved
Sewer: Public Sewer
SQ FT Above Grade: 2784
SQ FT Below Grade: 0
Water: Public

Listed By / Shown By

Listed By

Agency Name: Signature Homes Real Estate Group, LLC
Agency Phone: 207-885-0500

Shown By

Agency Title: Sprague and Curtis Real Estate
Agency Phone: 207-623-1123

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Estimated Payment

$ 3,739.69 per month $2,445.90 Principal & Interest $973.25 Property Tax $320.54 Homeowner's Insurance

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