15 Russell Street
Portland, ME 04102
$350,000
Listing Courtesy of: Keller Williams Realty
207-754-9311
Prime Portland Investment Opportunity! Calling all investors, contractors, and visionaries. Located in a highly desirable Portland neighborhood, this 2-unit duplex at 15 Russell Street offers a rare chance to bring a multi-family property back to life. Priced aggressively this building is a true blank canvas awaiting a complete top-to-bottom renovation. Whether you are looking to execute a full condo-conversion, design a premium owner-occupied multi-family, or add a high-yield rental asset to your portfolio, the potential here is unmatched. The property requires extensive rehabilitation and is being sold strictly as-is, making it an ideal candidate for cash buyers or 203k/construction financing. Capitalize on Portland's exceptionally strong rental market and severe inventory shortage. Properties with this level of value-add potential are increasingly rare. Bring your architect, your contractor, and your imagination to unlock the immense equity waiting within these walls.
| Listing Id: | 1683359 |
|---|---|
| List Price: | $350,000 |
| Property Type: | Multi-Family |
| Status: | Active |
| Bathrooms Full: | 2 |
| Tax Annual Amount: | $7,434 |
| Lot Size Square Feet: | 2,613.6 |
| Lot Size Acres: | 0.06 |
| Architectural Style: | Other |
| Waterfront?: | No |
| City: | Portland |
| County Or Parish: | Cumberland |
| Postal Code: | 04102 |
| Year Built: | 1910 |
| Number Of Units Total: | 2 |
| Listing Key: | b80f16630be1bd86a5b243ebe2469f18 |
| Above Grade Finished Area: | 2,209.0 |
| Bathrooms Total Integer: | 2 |
| Building Area Total: | 2,209.0 |
| Basement: | Interior Entry, Partial, Brick/Mortar |
| Construction Materials: | Wood Frame, Vinyl Siding |
| Cooling: | None |
| Documents Change Timestamp: | 2026-10-06T17:40:15Z |
| Documents Count: | 5 |
| Electric: | Circuit Breakers |
| Flooring: | Carpet, Vinyl, Wood |
| Foundation Details: | Pillar/Post/Pier, Brick/Mortar |
| Heating?: | Yes |
| Heating: | Oil, Steam |
| Listing Contract Date: | 2026-10-06 |
| Lot Size Area: | 0.06 |
| Lot Features: | Intown, Near Shopping, Sidewalks |
| Lot Size Units: | Acres |
| Levels: | Multi-Level |
| Status: | Active |
| Original List Price: | $350,000 |
| Parcel Number: | PTLD-000054-C000012-000001 |
| Parking Features: | No Driveway, None |
| Postal Code Plus4: | 3107 |
| Road Surface Type: | Paved |
| Roof: | Fiberglass |
| State Or Province: | ME |
| Structure Type: | Duplex |
| Tax Year: | 2025 |
| Water Source: | Public |
| Zoning: | Residential |
| Gas: | No Gas |
| Lot Size Source: | Public Records |
| Sewer: | Public Sewer |
| Bathrooms Total Decimal: | 2.0 |
| Approval Status: | true |
| Water Info Water View: | No |
| Unit 1 Lease: | No |
| Unit 1 Level: | First |
| Unit 1 Security Deposit: | No |
| Unit 1 Monthly Rent: | 0.0 |
| Unit 1 # Full Baths: | 1 |
| Unit 1 Electric: | No |
| Unit 1 Heat: | No |
| Unit 1 Range: | Yes |
| Unit 1 Refrigerator: | Yes |
| Unit 1 Dedicated Electric Meter: | No |
| Unit 1 Dedicated Gas Meter: | No |
| Unit 1 Dedicated Water Heater: | No |
| Unit 1 Sewer: | Yes |
| Unit 1 Water: | Yes |
| Unit 2 # Full Baths: | 1 |
| Unit 2 Lease: | No |
| Unit 2 Level: | Second |
| Unit 2 Security Deposit: | No |
| Unit 2 Monthly Rent: | 0.0 |
| Unit 2 Electric: | No |
| Unit 2 Heat: | No |
| Unit 2 Range: | Yes |
| Unit 2 Refrigerator: | Yes |
| Unit 2 Dedicated Gas Meter: | No |
| Unit 2 Dedicated Electric Meter: | No |
| Unit 2 Dedicated Water Heater: | No |
| Unit 2 Sewer: | Yes |
| Unit 2 Water: | Yes |
| Units # Of 2 Bd Units: | 2 |
| Property Information Surveyed: | No |
| Property Information Seasonal: | No |
| Location Information Page: | 126 |
| Location Information Zoning Overlay: | No |
| Location Information Tree Growth Y/n: | No |
| Contract Information List Price/sq Ft: | $158 |
| Contract Information Comp Listing: | No |
| Structure Type 2: | Duplex |
| Roads: | Paved, Public |
| Vehicle Storage: | No Vehicle Storage |
| Water Heater: | Off Heating System |
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




