True turn-key investment: 6-unit multi-family property offers strong rental potential in updated units and well maintained building and system. The unit mix is 2 x one-bedroom units and 4 x two-bedroom units. Each apartment has a private entrance and separately metered utility for tenant privacy, livability and fewer landlord expenses. A large rear parking lot provides ample off-street parking for residents, and shared laundry in the basement adds everyday convenience. Whether you're growing an existing portfolio or purchasing your first multifamily property, this well-maintained building is easy-to-own and easy-to-manage.
Multi-familyProperty Type
1980Year Built
10,018 sq ftLot Size
$375Price/Sq.Ft.
5 spacesParking
Listed by Briton Vitalius• Vitalius Real Estate Group, LLC
Listed by Christopher Sullivan• Vitalius Real Estate Group, LLC
North Deering, located between Back Cove and Presumpscot River, is a residential and wooded Portland neighborhood with broad conservation land and low-slung mid-century streetscapes. The neighborhood’s character concentrates around the Allen Avenue corridor near the Pine Tree Shopping Center, where everyday errands cluster beside a steady flow of local traffic. Ranches and split-levels mix with newer infill, while long tree lines and stone walls keep the pace quiet. Evergreen Cemetery reads like a landscaped park, and the Presumpscot River Trail adds a nature-forward routine. Community touchstones include the Portland Trails network, Riverside Golf Course, and the historic grounds of Evergreen Cemetery.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Vinyl flooring
Bedrooms
Six total rental units: four 2-bedroom units and two 1-bedroom units
Bathrooms
Six full bathrooms (one per unit)
Kitchen
All units include a refrigerator
Laundry & utility
Each unit has a dedicated electric meter, dedicated gas meter, and dedicated water heater
Flooring
Vinyl
Heating & cooling
Direct vent heater
Circuit breaker electrical system
Exterior features
Near town location
Level lot
Sidewalks
Paved road access
Home design
Multi-family property with 6 units
Two-story building (units on first and second levels noted)
Parking
Paved parking with 5–10 spaces
Construction
Wood frame construction with vinyl siding
Shingle roof
Built in 1980
Utilities
Public water
Public sewer
Utilities currently on
Gas water heater (rented)
Financial info
Gross income: $107,196
Operating expenses: $27,290
Individual actual rents reported per unit (examples): $2,070; $2,039; $1,824; $1,533; $1,467
Other
Zoning: B-2
Electricity and solar
View estimated energy costs and solar savings for this home
To provide appropriate locations for the development and operation of community centers offering a mixture of commercial uses, housing, and services serving the adjoining neighborhoods and the larger community. The variety, sites, and intensity of the permitted commercial uses in the B-2 zone are intended to be greater than those permitted in the B-1/B-1b zones. The zone provides a broad range of goods and services with a mixture of large and small buildings, such as grocery stores, shops and services located in major shopping centers and along arterial streets. Such establishments should be readily accessible by automobile, by pedestrians and by bicycle. Development in the B-2 zone should relate to the surrounding neighborhoods by design, orientation, and circulation patterns. The zone should provide locations for moderate to high-density housing in urban neighborhoods along arterials.
Permitted uses
Include but are not limited to:
Day care facility
General retail
Restaurant
Housing-Multiple units
Housing-Senior
Industrial
Hotel / motel
Mixed use
Office
Public service
Nov 18, 2022 • Final
Commercial/multi family (3+ units) additions
Addition
Apr 28, 2021 • Final
Electrical
Install a new electrical service upgrade.
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
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 88° expected this year, 18 days in 30 years
6/10 Wind Factor
60% 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 • 04103
Average low and high temperatures (°F)
30
16
33
15
44
28
53
37
64
48
76
57
80
64
78
58
72
54
62
43
49
33
35
20
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
89/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Portland. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.7 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 10 Adelaide St
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