146 Sherman Street
Portland, ME 04101
$1,319,000
Listing Courtesy of: EXP Realty
207-650-6749
Prime 5-unit multifamily investment opportunity in Portland's desirable West End in Parkside. Featuring four 2-bedroom units and two 1-bedroom units, this income-producing property offers excellent tenant demand, and future upside potential. The current owner has offered the units to his employees at a discounted rental rate. Owner initiated process to legalize 6th unit with fire escape addition but was unable to resolve with the city. The property had a safety inspection completed by the city with the third floor broken up into two, two-bedroom units instead of one combined four-bedroom unit. Conveniently located minutes from Downtown Portland, Maine Medical Center, restaurants, shops, and public transportation. A rare opportunity to acquire a well-located multifamily asset.
Group showings:
Tuesday, June 23rd at 10am - 11:30am
Thursday, June 25th at 12pm - 1:00pm
All showings after group showings will be by appointment only. Allow at least 24 hours to notify tenants.
| Listing Id: | 1668085 |
|---|---|
| List Price: | $1,319,000 |
| Property Type: | Multi-Family |
| Status: | Active |
| Bathrooms Full: | 6 |
| Tax Annual Amount: | $12,664 |
| Lot Size Square Feet: | 4,356.0 |
| Lot Size Acres: | 0.1 |
| Architectural Style: | Colonial |
| Waterfront?: | No |
| City: | Portland |
| County Or Parish: | Cumberland |
| Postal Code: | 04101 |
| Year Built: | 1910 |
| Number Of Units Total: | 5 |
| Listing Key: | 27036f1f7d1a8aa60cd69205487f31cd |
| Above Grade Finished Area: | 5,650.0 |
| Bathrooms Total Integer: | 6 |
| Building Area Total: | 5,650.0 |
| Basement: | Interior Entry, Full, Unfinished, Brick/Mortar |
| Construction Materials: | Wood Frame, Vinyl Siding |
| Cooling: | None |
| Documents Change Timestamp: | 2026-06-19T16:35:51Z |
| Documents Count: | 6 |
| Directions: | Take Mellon Street to Sherman, which is a one-way street and ends at Deering Ave |
| Electric: | Circuit Breakers |
| Fireplaces Total: | 0 |
| Flooring: | Carpet, Vinyl, Wood |
| Foundation Details: | Block, Stone, Brick/Mortar |
| Garage Spaces: | 0.0 |
| Gross Income: | $120,000 |
| Heating?: | Yes |
| Heating: | Gas Natural, Baseboard, Forced Air, Hot Water, Zoned, Radiator |
| Interior Features: | Bathtub, Shower |
| Listing Contract Date: | 2026-06-19 |
| Lot Size Area: | 0.1 |
| Laundry Features: | Laundry - Coin |
| Lot Features: | Near Shopping, Near Turnpike/Interstate, Near Town, Near Railroad, Corner Lot, Open Lot, Rolling Slope, Sidewalks |
| Lot Size Units: | Acres |
| Levels: | Multi-Level |
| Status: | Active |
| Original List Price: | $1,319,000 |
| Operating Expense: | $51,257 |
| Parcel Number: | PTLD-000048-E000001-000001 |
| Parking Features: | No Driveway, None, Off Street |
| Postal Code Plus4: | 5211 |
| Road Surface Type: | Paved |
| Roof: | Pitched, Shingle |
| Security Features: | Fire System |
| State Or Province: | ME |
| Sign On Property?: | Yes |
| Tax Year: | 2026 |
| Water Source: | Public |
| Zoning: | R6 |
| Gas: | Natural - At Street |
| Lot Size Source: | Public Records |
| Sewer: | Public Sewer |
| Bathrooms Total Decimal: | 6.0 |
| Approval Status: | true |
| Utilities Utilities On: | Yes |
| Water Info Water View: | No |
| Building Info # Water Heaters: | 5 |
| Unit 1 Lease: | Yes |
| Unit 1 Level: | First |
| Unit 1 Security Deposit: | No |
| Unit 1 Monthly Rent: | 1500.0 |
| Unit 1 # Full Baths: | 1 |
| Unit 1 # Of Rooms: | 5 |
| Unit 1 Electric: | No |
| Unit 1 Heat: | No |
| Unit 1 Range: | Yes |
| Unit 1 Refrigerator: | Yes |
| Unit 1 Dedicated Electric Meter: | Yes |
| Unit 1 Dedicated Gas Meter: | Yes |
| Unit 1 Dedicated Water Heater: | No |
| Unit 1 Sewer: | Yes |
| Unit 1 Water: | Yes |
| Unit 2 # Full Baths: | 1 |
| Unit 2 # Of Rooms: | 5 |
| Unit 2 Lease: | Yes |
| Unit 2 Level: | Second |
| Unit 2 Security Deposit: | Yes |
| Unit 2 Monthly Rent: | 1500.0 |
| Unit 2 Electric: | No |
| Unit 2 Heat: | No |
| Unit 2 Range: | Yes |
| Unit 2 Refrigerator: | Yes |
| Unit 2 Dedicated Gas Meter: | Yes |
| Unit 2 Dedicated Electric Meter: | Yes |
| Unit 2 Dedicated Water Heater: | No |
| Unit 2 Sewer: | Yes |
| Unit 2 Water: | Yes |
| Unit 3 # Of Rooms: | 4 |
| Unit 3 Lease: | Yes |
| Unit 3 Level: | First |
| Unit 3 Security Deposit: | Yes |
| Unit 3 Monthly Rent: | $1,600 |
| Unit 3 # Full Baths: | 1 |
| Unit 3 Electric: | No |
| Unit 3 Heat: | No |
| Unit 3 Range: | Yes |
| Unit 3 Dedicated Gas Meter: | Yes |
| Unit 3 Dedicated Electric Meter: | Yes |
| Unit 3 Dedicated Water Heater: | Yes |
| Unit 3 Refrigerator: | Yes |
| Unit 3 Sewer: | Yes |
| Unit 3 Water: | Yes |
| Unit 4 # Of Rooms: | 4 |
| Unit 4 Lease: | Yes |
| Unit 4 Level: | Second |
| Unit 4 Security Deposit: | Yes |
| Unit 4 Monthly Rent: | $1,700 |
| Unit 4 # Full Baths: | 1 |
| Unit 4 Dedicated Water Heater: | Yes |
| Unit 4 Electric: | No |
| Unit 4 Heat: | No |
| Unit 4 Range: | Yes |
| Unit 4 Dedicated Gas Meter: | Yes |
| Unit 4 Dedicated Electric Meter: | Yes |
| Unit 4 Refrigerator: | Yes |
| Unit 4 Sewer: | Yes |
| Unit 4 Water: | Yes |
| Unit 5 # Of Rooms: | 6 |
| Unit 5 Lease: | Yes |
| Unit 5 Level: | Third |
| Unit 5 Security Deposit: | Yes |
| Unit 5 Monthly Rent: | $3,700 |
| Unit 5 # Full Baths: | 2 |
| Unit 5 Dedicated Gas Meter: | Yes |
| Unit 5 Dedicated Water Heater: | Yes |
| Unit 5 Electric: | Yes |
| Unit 5 Dedicated Electric Meter: | Yes |
| Unit 5 Heat: | Yes |
| Unit 5 Range: | Yes |
| Unit 5 Refrigerator: | Yes |
| Unit 5 Sewer: | Yes |
| Unit 5 Water: | Yes |
| Units # Of 1 Bd Units: | 2 |
| Units # Of 2 Bd Units: | 2 |
| Units # Of 4+ Bd Units: | 1 |
| Property Information Surveyed: | Unknown |
| Property Information Seasonal: | No |
| Property Information Deed/conveyance Type Offered: | Warranty |
| Property Information Color: | Tan |
| Property Information Deed: | All |
| Property Information Deed Restrictions: | Unknown |
| Property Information 2 Detached Houses On 1 Lot: | No |
| Property Information Sq Ft Source: | Public Records |
| Location Information Page: | 127-128/All |
| Location Information Zoning Overlay: | No |
| Location Information Tree Growth Y/n: | No |
| Contract Information List Price/sq Ft: | $233 |
| Contract Information Comp Listing: | No |
| Remarks Internal Remarks/contingency: | This property is recognized by code enforcement as a 5 unit. It was inspected by the city and currently used as a 6 unit. The owner initiated the process of legalizing the 6th unit but was told that the fire escape would have to be enclosed and attached to the building. Units 146-3 was not photographed but similar to 148-3. Please do not disturb chickens in side yard. |
| Remarks Showing Remarks: | First showings will be group showings: Tuesday, June 23rd at 10am - 11:30am Thursday, June 25th at 12pm - 1:00pm After group showings, by appointment only. Please contact listing agent to schedule. At least 24 hour notice required. |
| Amenities: | Bathtub, Laundry - Coin, Shower |
| Roads: | Paved, Public |
| Vehicle Storage: | No Vehicle Storage |
| Water Heater: | Gas |
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.
Maine Real Estate Information System, Inc. data last updated on October 08, 2026 05:26 PM - ET
Property Last Updated: October 08, 2026 05:26 PM - ET
