This 5 unit is an incredible investment opportunity in a great in-town location, close to Maine Medical and Mercy. Lovely private fenced in yard, lots of natural light, parking for each unit, hardwood floors and many more amenities. Recent improvements include new fire panel, fire wall in the basement and new dryer. Accessible location to the farmers market, back cove, all the restaurants and shopping Portland has to offer, as well as I-295. Don't miss out on this profitable investment opportunity!
Multi-familyProperty Type
1910Year Built
5,662 sq ftLot Size
$151Price/Sq.Ft.
Listed by Christopher Lavoie• Keller Williams Realty
LOWER PRICE AND BETTER RENTS!! Perfect building for an investor. Great opportunity on this 5 unit located in town. Private yard, parking for each unit, hardwood floors, granite, pocket doors and many more amenities.
MREIS #1372024
Nov 8, 2018
Price Changed
$845,000
$144/sq ft
Sep 27, 2018
Listed
$875,000
$149/sq ft
Year
Property tax
Land + Additions
Assessment*
2024
$13,566 (+4.2%)
$230,600 + $673,200
$903,800
2023
$13,024 (+5.9%)
$230,600 + $673,200
$903,800
2022
$12,301 (−1.5%)
$230,600 + $673,200
$903,800
2021
$12,489 (+53.3%)
$230,600 + $730,800
$961,400
2020
$8,147
$68,400 + $281,100
$349,500
2019
$8,147 (+3.7%)
$68,400 + $281,100
$349,500
2018
$7,857 (+3.8%)
$68,400 + $281,100
$349,500
2017
$7,567 (+2.6%)
$68,400 + $281,100
$349,500
2016
$7,378 (+2.3%)
$68,400 + $281,100
$349,500
2015
$7,210 (+3.1%)
$68,400 + $281,100
$349,500
2014
$6,990
$68,400 + $281,100
$349,500
Tax history for 11 Sherman St
Year
Property tax
Land + Additions
Assessment*
2024
$13,566 (+4.2%)
$230,600 + $673,200
$903,800
2023
$13,024 (+5.9%)
$230,600 + $673,200
$903,800
2022
$12,301 (−1.5%)
$230,600 + $673,200
$903,800
2021
$12,489 (+53.3%)
$230,600 + $730,800
$961,400
2020
$8,147
$68,400 + $281,100
$349,500
2019
$8,147 (+3.7%)
$68,400 + $281,100
$349,500
2018
$7,857 (+3.8%)
$68,400 + $281,100
$349,500
2017
$7,567 (+2.6%)
$68,400 + $281,100
$349,500
2016
$7,378 (+2.3%)
$68,400 + $281,100
$349,500
2015
$7,210 (+3.1%)
$68,400 + $281,100
$349,500
2014
$6,990
$68,400 + $281,100
$349,500
*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
5,663 Sq. Ft.
Year renovated
—
Sq. Ft.
5,854
Year built
1910
Style
Multi-Family (5+ Unit)
County
Cumberland County
APN
112732
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
Oct 25, 2025 • Final
Excavation permit - utility pole installation
Grading
Mar 19, 2024 • Final
Hvac
Install a natural gas steam boiler.
HVAC
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.
Property details
Parking
Parking Information
Parking Features: Paved, Off Street
Interior
Virtual Tour
Bathroom Information
# of Baths (Full): 5
Basement Information
Basement Entry: Interior, Full, Unfinished
Interior Features
Flooring: Wood, Vinyl, Tile
Multi-Unit Information
# of Units Total: 5
# of 1 Bedroom Units: 1
# of 2 Bedroom Units: 2
# of 3 Bedroom Units: 2
Operating Expense: $22,784
Gross Income: $88,000
Unit 1 Information
# of Bedrooms: 3
Actual Rent: $1,500
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: Second
Refrigerator: Yes
Sewer: No
Water: Yes
Unit 2 Information
# of Bedrooms: 3
Actual Rent: $1,950
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: Third
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 3 Information
# of Bedrooms: 2
Actual Rent: $1,300
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 4 Information
# of Bedrooms: 1
Actual Rent: $1,200
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 5 Information
# of Bedrooms: 2
Actual Rent: $1,300
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Level: Basement
Refrigerator: Yes
Sewer: Yes
Water: Yes
Exterior
Building Information
Construction Materials: Vinyl Siding, Wood Frame
Roof: Shingle
Total Building Area (Sq. Ft.): 5,854
Property Information
Year Built: 1910
Above-Grade Finished Area (Sq. Ft.): 5,854
Levels: Multi-Level
Lot Information
Lot Size (Sq. Ft.): $5,662.80
Lot Size (Acres): 0.13
Lot Size Source: Public Records
Lot Features: Sidewalks, Intown, Neighborhood
Zoning: R6
Financial
Tax Information
Annual Tax Amount: $8,147
Tax Year: 2020
Utilities
Utility Information
Has Heating
Heating: Steam, Direct Vent Heater
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities: Utilities On
Utilities On: Yes
Water Source: Public
Water Heater: On Demand, Tankless
Location
Location Information
Unparsed Address: 11 Sherman Street, Portland, ME 04101
Public facts
Beds: —
Baths: —
Sq. Ft.: 5,854
Stories: —
Lot Size: 5,663 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1910
Year Renovated: —
County: Cumberland County
APN: 112732
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 88° 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)
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.