8 Unit building on Peninsula with strong cash flow. Fully occupied + basement storage rental. Create further upside by converting to Natural Gas & separate electric in 4 remaining units. Excellent investment opportunity. Income & expenses on request.
Multi-familyProperty Type
1900Year Built
4,791 sq ftLot Size
$54Price/Sq.Ft.
1 spaceParking
Listed by Michael O'Conno• RE/MAX By The Bay
Bought with Briton Vitalius• Vitalius Real Estate Group, LLC
*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
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
4,792 Sq. Ft.
Year renovated
—
Sq. Ft.
8,815
Year built
1900
Style
Multi-Family (5+ Unit)
County
Cumberland County
APN
114000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
R6
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, Paved
Interior
Bathroom Information
# of Baths (Full): 8
Basement Information
Basement Entry: Full, Unfinished
Interior Features
Flooring: Wood
Multi-Unit Information
# of Units Total: 8
# of 1 Bedroom Units: 2
# of 2 Bedroom Units: 6
Operating Expense: $35,882
Gross Income: $89,220
Unit 1 Information
Actual Rent: $875
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Refrigerator: Yes
Sewer: No
Water: No
Unit 2 Information
Actual Rent: $900
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Refrigerator: Yes
Sewer: No
Water: No
Unit 3 Information
Actual Rent: $950
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Refrigerator: Yes
Sewer: No
Water: No
Unit 4 Information
Actual Rent: $950
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Refrigerator: Yes
Sewer: No
Water: No
Unit 5 Information
Actual Rent: $875
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Refrigerator: Yes
Sewer: No
Water: No
Unit 6 Information
Actual Rent: $875
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Refrigerator: Yes
Sewer: No
Water: No
Exterior
Building Information
Construction Materials: Vinyl Siding, Shingle Siding, Wood Frame
Foundation Details: Brick/Mortar
Roof: Fiberglass
Total Building Area (Sq. Ft.): 8,815
Exterior Features
Patio & Porch Features: Porch
Property Information
Year Built: 1900
Above-Grade Finished Area (Sq. Ft.): 8,815
Lot Information
Lot Size (Sq. Ft.): $4,791.60
Lot Size (Acres): 0.11
Lot Size Source: Public Records
Lot Features: Sidewalks, Intown, Near Shopping, Neighborhood
Zoning: R-6
Financial
Tax Information
Annual Tax Amount: $9,660
Utilities
Utility Information
Has Heating
Heating: Steam
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities On: No
Water Source: Public
Water Heater: Off Heating System
Location
Location Information
Unparsed Address: 108 Sherman Street, Portland, ME 04101
Directions: State Street to right on Sherman Street.
Public facts
Beds: —
Baths: —
Sq. Ft.: 8,815
Stories: —
Lot Size: 4,792 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1900
Year Renovated: —
County: Cumberland County
APN: 114000
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 • 1.7mi
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 88° expected this year, 18 days in 30 years
6/10 Wind Factor
64% 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)
31
18
33
18
44
30
52
39
63
49
74
58
80
64
77
60
71
56
61
46
50
36
36
22
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.