OFF MARKET

Off Market Jan 2024 for $1.2M

—

•

7,056

sq ft

1 Sherman St, Portland, ME 04101

About this home

A classic peninsula building that's clean, organized, well run & turnkey. This fully rented 8 unit offers 4 One bedroom apartments, 3 Two bedroom apartments and a third floor Three bedroom penthouse apartment with skylights and views. Convenient location near Deering Oaks Park, mostly all updated units, newer windows, brand new natural gas furnace, insulated & dry full basement, clean hallways, easy vinyl siding, managed coin operated laundry on site, hardwood floors & some charming features that all come together to make living as well as owning easeful, comfortable & enjoyable. Separated electrical & natural gas for cook stoves. Some off street parking. A unique and great opportunity to start or grow your investment portfolio with a solid, well maintained and stable property.

Multi-familyProperty Type

1910Year Built

4,791 sq ftLot Size

$177Price/Sq.Ft.

1 spaceParking

Listed by Leanne Barschdorf Nichols • Keller Williams Realty

Bought with Lauren Jones • F.O. Bailey Real Estate

Redfin checked: a minute ago

•Source:MREIS #1579386

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 04101, ME

Last updated August 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

97.9%

0.5% MoM

Median sale price

$725K

$26K MoM

Avg. days on market

37d

9 days MoM

Recently sold homes

1 MoM

New listings for sale

$1,195,000
7 beds6 baths5,472 sq ft
273 State St, Portland, ME 04101
$349,000
1 bed1 bath500 sq ft
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OPEN TODAY, 4PM TO 6PM
$795,000
2 beds1.5 baths1,177 sq ft
75 St Lawrence St #1, Portland, ME 04101
$630,000
1 bed1 bath956 sq ft
99 Federal St #301, Portland, ME 04101
$595,000
2 beds1 bath920 sq ft
80 Vesper St #2, Portland, ME 04101
3D WALKTHROUGH
$875,000
2 beds2 baths1,001 sq ft
58 Cumberland Ave #1, Portland, ME 04101
$399,000
1 bed1 bath565 sq ft
10 Exchange St #307, Portland, ME 04101
$595,000
2 beds2 baths1,730 sq ft
45 Eastern Promenade Unit 8F & 8G, Portland, ME 04101
See all

Provided by Redfin

Sale history for 1 Sherman St

Year

Property tax

Land + Additions

Assessment*

2024

$18,021 (−6.3%)

$224,200 + $976,400

$1,200,600

2023

$19,223 (+5.9%)

$224,200 + $1,109,800

$1,334,000

2022

$18,156 (+4.8%)

$224,200 + $1,109,800

$1,334,000

2021

$17,329 (+45.5%)

$224,200 + $1,109,800

$1,334,000

2020

$11,909

$67,800 + $443,100

$510,900

2019

$11,909 (+3.7%)

$67,800 + $443,100

$510,900

2018

$11,485 (−1.4%)

$67,800 + $443,100

$510,900

2017

$11,643 (+2.6%)

$67,800 + $470,000

$537,800

2016

$11,353 (+2.3%)

$67,800 + $470,000

$537,800

2015

$11,095 (+3.2%)

$67,800 + $470,000

$537,800

2014

$10,756

$67,800 + $470,000

$537,800

Tax history for 1 Sherman St

Year

Property tax

Land + Additions

Assessment*

2024

$18,021 (−6.3%)

$224,200 + $976,400

$1,200,600

2023

$19,223 (+5.9%)

$224,200 + $1,109,800

$1,334,000

2022

$18,156 (+4.8%)

$224,200 + $1,109,800

$1,334,000

2021

$17,329 (+45.5%)

$224,200 + $1,109,800

$1,334,000

2020

$11,909

$67,800 + $443,100

$510,900

2019

$11,909 (+3.7%)

$67,800 + $443,100

$510,900

2018

$11,485 (−1.4%)

$67,800 + $443,100

$510,900

2017

$11,643 (+2.6%)

$67,800 + $470,000

$537,800

2016

$11,353 (+2.3%)

$67,800 + $470,000

$537,800

2015

$11,095 (+3.2%)

$67,800 + $470,000

$537,800

2014

$10,756

$67,800 + $470,000

$537,800

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

4,792 Sq. Ft.

Year renovated

—

Sq. Ft.

8,190

Year built

1910

Style

Multi-Family (5+ Unit)

County

Cumberland County

APN

112734

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 27, 2026.

Residential

To set aside areas on the peninsula for housing characterized primarily by multi-family dwellings at a high density providing a wide range of housing for differing types of households; to conserve the existing housing stock and residential character of neighborhoods by controlling the scale and external impacts of professional offices and other nonresidential uses; and to encourage new housing development consistent with the compact lot development pattern typically found on the peninsula.

Permitted uses

Include but are not limited to:

Housing-Single unit
Housing-Multiple units
Housing-Other
Bed & breakfast
Lodging & hospitality-Other
Cemetery
Park & open space

Property details

Parking

Parking Information
Parking Features: 1 - 4 Spaces, Gravel, Common, On Site, Off Street, On Street

Interior

Bathroom Information
# of Baths (Full): 8

Basement Information
Basement Entry: Walk-Out Access, Brick/Mortar, Dirt Floor, Full, Exterior Only, Unfinished

Interior Features
Flooring: Wood, Vinyl, Laminate, Carpet

Laundry Information
Laundry Features: Coin Laundry

Multi-Unit Information
# of Units Total: 8
# of 1 Bedroom Units: 4
# of 2 Bedroom Units: 3
# of 3 Bedroom Units: 1
Operating Expense: $47,076
Gross Income: $141,264

Unit 1 Information
# of Bedrooms: 1
Actual Rent: $1,450
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2 Information
# of Bedrooms: 3
Actual Rent: $1,905
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: Third
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3 Information
# of Bedrooms: 1
Actual Rent: $1,275
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 4 Information
# of Bedrooms: 2
Actual Rent: $1,519
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 5 Information
# of Bedrooms: 2
Actual Rent: $1,800
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: Third
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 6 Information
# of Bedrooms: 1
Actual Rent: $1,651
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 7 Information
# of Bedrooms: 2
Actual Rent: $1,065
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 8 Information
# of Bedrooms: 1
Actual Rent: $1,107
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes

Exterior

Building Information
Construction Materials: Vinyl Siding, Wood Frame
Foundation Details: Brick/Mortar
Roof: Shingle
Total Stories: 3
Total Building Area (Sq. Ft.): 7,056

Property Information
Year Built: 1910
Above-Grade Finished Area (Sq. Ft.): 7,056
Levels: Multi-Level

Lot Information
Lot Size (Sq. Ft.): $4,791.60
Lot Size (Acres): 0.11
Lot Size Source: Public Records
Lot Features: Open, Corner Lot, Sidewalks, Intown, Near Shopping, Neighborhood, Near Public Transit
Road Surface Type: Paved
Zoning: R6

Financial

Tax Information
Annual Tax Amount: $19,222
Tax Year: 2023

Utilities

Utility Information
Has Heating
Heating: Zoned, Radiator, Hot Water, Baseboard
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities: Utilities On
Utilities On: Yes
Water Source: Public
Water Heater: Gas, Off Heating System

Location

School Information
High School District: Portland Public Schools

Location Information
Unparsed Address: 1 Sherman Street, Portland, ME 04101
Directions: From Deering Oaks Park take State Street to left onto Cumberland Ave to Left onto High Street to left onto Sherman, 1-3 Sherman Street on Right, on corner of High and Sherman. Park on Street.

Public facts

Beds: —
Baths: —
Sq. Ft.: 8,190
Stories: —
Lot Size: 4,792 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1910
Year Renovated: —
County: Cumberland County
APN: 112734

Home facts updated by county records on Jul 27, 2026

Around this home

Schools

Howard C Reiche Community School

Public PreK-5 • Assigned • 0.4mi

3/10

Deering High School

Public 9-12 • Assigned • 1.8mi

2/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

5/10 Heat Factor

7 days above 87° expected this year, 18 days in 30 years

6/10 Wind Factor

65% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Portland, ME • 04101

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.5 hours in June and 4.3 hours in December, placing it below the U.S. average for solar exposure.

8.5 hrs

4.3 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

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New listings for sale in 04101

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273 State St, Portland, ME 04101

$349,000

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156 York St #3, Portland, ME 04101

OPEN TODAY, 4PM TO 6PM

$795,000

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75 St Lawrence St #1, Portland, ME 04101

$630,000

1 bed1 bath956 sq ft

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$595,000

2 beds1 bath920 sq ft

80 Vesper St #2, Portland, ME 04101

3D WALKTHROUGH

$875,000

2 beds2 baths1,001 sq ft

58 Cumberland Ave #1, Portland, ME 04101

$399,000

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Home values near 1 Sherman St

Data from public records.

Address	Redfin Estimate
11 Sherman St, Portland, ME 11 Beds \| 5 Baths \| 5854 Sq. Ft.	—
8 Sherman St, Portland, ME 18 Beds \| - Baths \| 6450 Sq. Ft.	—

Address	Redfin Estimate
5 Sherman St, Portland, ME 13 Beds \| 5.5 Baths \| 5460 Sq. Ft.	$1,210,866
17 Sherman St, Portland, ME 8 Beds \| 7 Baths \| 4602 Sq. Ft.	—

Address	Redfin Estimate
17 Sherman St, Portland, ME 8 Beds \| 0.5 Baths \| - Sq. Ft.	$961,681
5 Sherman St, Portland, ME 10 Beds \| 5.5 Baths \| 5460 Sq. Ft.	$1,273,910

Property information provided by MREIS when last listed in 2023. This data may not match . Learn more.

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