Oversized units, strong cash flow, and an unbeatable Portland location--10 Deane Street is the kind of multifamily opportunity that's becoming increasingly difficult to find. Situated in Portland's highly desirable Oakdale neighborhood, this duplex offers exceptional flexibility for both investors and owner-occupants. Unit 1 features 3 bedrooms and 1.5 bathrooms, while the expansive second unit offers 4-5 bedrooms and 2 full bathrooms across two levels--a rare layout that stands out in today's market. Generating over $60,000 in annual Net Operating Income, the property is fully occupied by long-term tenants-at-will, providing immediate income with the flexibility to execute your own long-term strategy. While the units have been well lived in, they present an excellent opportunity to build additional equity through future cosmetic updates as turnover occurs. Just minutes from the University of Southern Maine, Maine Medical Center, Hadlock Field, Fitzpatrick Stadium, Deering Oaks Park, downtown Portland, and countless local restaurants, breweries, and shops, the location continues to support strong long-term rental demand and exceptional quality of life. Whether you're looking to expand your portfolio or offset your mortgage with rental income while living in one of Portland's most sought-after neighborhoods, this is an opportunity you won't want to miss. * * Open Houses: * * Saturday, July 11 from 11:00 AM-1:00 PM and Sunday, July 12 from 1:00 PM-3:00 PM.
Oakdale, located between Back Cove and Deering Oaks Park, is a residential and academic Portland neighborhood with leafy side streets and a steady campus-day rhythm. The neighborhood’s character concentrates around the Forest Avenue and Bedford Street corridor, where corner markets, coffee counters, and small eateries keep sidewalks active. The University of Southern Maine’s Portland campus anchors the area, with the Abromson Community Education Center and the Osher Map Library & Smith Center for Cartographic Education adding a cultural note. Early-20th-century houses and compact apartment buildings line the blocks, with porches and mature trees shaping the streetscape. Back Cove’s shoreline path frames the north edge with long water views and a commuter-friendly loop. Deering Oaks Park adds lawns, ponds, and seasonal events that spill into nearby streets.
Provided by Walk Score and Local Logic
Offer insights
10 Deane St · $740,000
$740K and above
75% chance or better to win
Why $740K+ is a strong offer
DAYS ON MARKET
68 days
The average home goes pending in 18 days.
SALE-TO-LIST
99.4%
Most homes are selling 1% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Unfurnished
Double-pane windows
Bedrooms
One 3-bedroom unit on the first level
One 4-bedroom unit on the second level
Bathrooms
Three full bathrooms (building total)
Unit 1: one full bath and one half bath
Unit 2: two full baths
Kitchen
Both units include a refrigerator
Laundry & utility
Unit 2 has a dedicated water heater
Building water heater: tank, off heating system
Dedicated electric meters for both units
Flooring
Vinyl flooring
Wood flooring
Heating & cooling
Baseboard heating
Hot water heating
Circuit breaker electrical system
Exterior features
Porch
Level lot with sidewalks
Intown location near turnpike/interstate and public transit
Paved road
Home design
Wood-frame construction with vinyl siding
Three-story building
Built in 1900
Zoned R5
Parking
Common parking and on-street parking
Construction
Shingle roof
Utilities
Public water
Public sewer
Utilities currently not marked as on
HOA & community
No pet restrictions
Financial info
Two-unit building
Gross income: $77,484
Operating expenses: $17,025.50
Unit 1 actual rent: $2,457
Unit 2 actual rent: $4,000
Electricity and solar
View estimated energy costs and solar savings for this home
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.
Historical weather
Portland, ME • 04102
Average low and high temperatures (°F)
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72
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61
44
50
34
35
21
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Feb
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Sun exposure
80/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.8 hrs
4.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 10 Deane St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $625,000 and $1,383,350.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $625K to $1.4M.