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About this home
SELLER FINANCING AVAILABLE! An exceptional opportunity to own a beautifully maintained, income-producing three-unit property in Portland's highly desirable West End. Whether you're an investor looking for an established rental property or a future owner-occupant seeking the benefits of rental income, 115 Clark Street offers a rare combination of location, quality, and flexibility. Pride of ownership is evident throughout, with thoughtfully updated interiors, inviting living spaces, and three distinctive residences that offer character, comfort, and functionality. The property is fully occupied with established tenants, generating $91,500 in current annual rental income. Each residence offers its own appeal, including two units with loft spaces, a furnished apartment, and two outdoor decks. Five off-street parking spaces are a standout advantage in this sought-after neighborhood, complemented by shared on-site laundry and a convenient location just moments from the restaurants, coffee shops, galleries, and vibrant cultural scene that make Portland's West End so desirable. For investors, the property offers established income, documented operating expenses, and potential rental upside. For buyers dreaming of living in Portland while building equity, the three-unit configuration presents an appealing future owner-occupancy opportunity, subject to existing tenancy arrangements. Opportunities combining this level of care, an exceptional West End location, five off-street parking spaces, and available seller financing don't come along every day. Live in it, invest in it, or make it part of your long-term portfolio. 115 Clark Street is ready for its next chapter.
Multi-familyProperty Type
1884Year Built
3,049 sq ftLot Size
$377Price/Sq.Ft.
5 spacesParking
Listed by Katherine Azimi Ashley Lutkoff• Signature Homes Real Estate Group, LLC
Listed by Jennifer Fecteau• Signature Homes Real Estate Group, LLC
West End, located between Congress Street and the Fore River, is a historic and residential Portland neighborhood with brick rowhouses and leafy side streets. The neighborhood’s character concentrates around the Congress Street corridor near Longfellow Square, where corner cafes, galleries, and small restaurants line the blocks. The Portland Museum of Art and the Maine College of Art & Design set a cultural cadence nearby. Victoria Mansion anchors the area’s architectural identity with ornate 19th-century detail. Streets of restored Victorians and compact apartment buildings shape a walkable, porch-and-stoop streetscape. Western Promenade frames daily routines with broad lawns and bay views.
Provided by Walk Score and Local Logic
Market insights
115 Clark St · $1,049,000
DAYS ON MARKET
15 days
The average home goes pending in 40 days.
SALE-TO-LIST
98.3%
Most homes are selling 2% below list price.
LIST PRICE
$1,099,000
Median list price in this area is $617,430. (44% lower than this home)
PRICE DROP
1 price drop
21% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Unfinished basement with bulkhead, interior entry, and sump pump
Bedrooms
4 bedrooms across 3 units: two 1-bedroom units and one 2-bedroom unit
Bathrooms
3 full bathrooms
Kitchen
Refrigerators in all 3 units
Laundry & utility
Main-level coin laundry
Flooring
Carpet, tile, and wood flooring
Heating & cooling
Baseboard, forced-air, and hot-water heating
Zoned heating
Exterior features
Porch
Corner lot with level terrain
Near shopping, the turnpike/interstate, and town
Home design
Multi-level
Parking
Common, paved parking with 5–10 spaces; off-site parking
Security
Security system
Construction
Built in 1884
Wood-frame construction with wood siding and asbestos
Shingle roof
Utilities
Public water and public sewer
Circuit-breaker electrical system
Water heater off the heating system
Utilities on
Dedicated electric and gas meters in all 3 units
Financial info
3 units: two 1-bedroom units and one 2-bedroom unit
Gross income: $91,500
Operating expenses: $23,370.73
Unit 1 rent: $2,950
Unit 2 rent: $2,500
Unit 3 rent: $2,175
Electricity and solar
View estimated energy costs and solar savings for this home
This meticulously maintained West End 3-unit is a rare find: a turn-key multi-family on the Portland peninsula that can work for an investor or an owner who wants to live downtown. Walkable to the arts district, downtown and the Old Port, the location can't be beat. The rental rates shown ($2,200, $1,800, $2,300) are actual and tenants are excellent. Experienced owners understand the value of purchasing an impeccably managed and maintained property. Please review the list of property details to preview the level of attention that has been paid by the 35 year owner.
Year
Property tax
Land + Additions
Assessment*
2024
$10,262 (+4.2%)
$281,100 + $402,600
$683,700
2023
$9,852 (+5.9%)
$281,100 + $402,600
$683,700
2022
$9,305 (+4.8%)
$281,100 + $402,600
$683,700
2021
$8,881 (+31.4%)
$281,100 + $402,600
$683,700
2020
$6,760
$113,300 + $176,700
$290,000
2019
$6,760 (+3.7%)
$113,300 + $176,700
$290,000
2018
$6,519 (+3.8%)
$113,300 + $176,700
$290,000
2017
$6,279 (+2.6%)
$113,300 + $176,700
$290,000
2016
$6,122 (+2.3%)
$113,300 + $176,700
$290,000
2015
$5,983 (+3.2%)
$113,300 + $176,700
$290,000
2014
$5,800
$113,300 + $176,700
$290,000
Public record
Public record
Zoning
Beds
4
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
3,049 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
2,784
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,784
Year built
1884
Style
Multi-Family (2-4 Unit)
County
Cumberland County
APN
114759
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
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
4/10 Heat Factor
7 days above 86° 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, 2 days in 30 years
Provided by First Street
Historical weather
Portland, ME • 04102
Average low and high temperatures (°F)
30
17
33
16
44
29
53
37
63
48
75
58
81
63
78
59
72
54
61
45
50
34
35
21
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
85/ 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.
8.8 hrs
5.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 115 Clark St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $785,000 and $1,295,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $785K to $1.3M.