Seller offering a RATE BUY DOWN! This lovely duplex in Portland's East Deering neighborhood is a great fit for investors, live in one unit and rent the other, or have a family compound. Each unit has 2 bedrooms and 1 full bathroom, plus washer and dryer hookups in the bathroom. If your an owner occupant the Portland rent control rules are more lenient than if it was a non owner occupied. Built in 1984, the home features a new roof in 2015 and monitor heaters added in 2022. Each unit has its own electric meter, water heater, and separate K1 tank for heating fuel, keeping expenses lower for the owner. The layout in both units is simple and comfy, making it easy for tenants or owners to feel right at home. Located near Back Cove and Payson Park, outdoor fun is close by, and you're just minutes from great food spots, coffee shops, and downtown Portland. Whether you're getting started, downsizing, or adding to your rental portfolio, this home is a smart and easy choice.
Multi-familyProperty Type
1984Year Built
7,840 sq ftLot Size
$392Est. Price/Sq.Ft.
5 spacesParking
Listed by John Krouse• EXP Realty
Bought with John Fitzsimons• Portside Real Estate Group
*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
4
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
7,840
Year renovated
—
Sq. Ft.
1,764
Year built
1984
Style
Multi-Family (2-4 Unit)
County
Cumberland County
APN
132121
Parking Spaces
5
Basement
No
Accessible
No
HOA Dues
—
Garage
No
Features
—
Last updated by owner on Aug 10, 2026.
R5
Residential
To provide appropriate areas of the city for medium-density residential development characterized by singlefamily, two-family and low-intensity multifamily dwellings on individual lots; to ensure the stability of established medium-density neighborhoods by controlling residential conversions; and to provide for planned residential unit development on substantially-sized parcels.
Dec 7, 2025 • Final
Electrical
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.
Property details
Parking
Parking Information
Parking Features: 5 - 10 Spaces, Paved
Interior
Virtual Tour
Bathroom Information
# of Baths (Full): 2
Interior Features
Flooring: Vinyl, Carpet
Multi-Unit Information
# of Units Total: 2
# of 2 Bedroom Units: 2
Operating Expense: $9,675.31
Gross Income: $45,732
Unit 1 Information
# of Bedrooms: 2
Actual Rent: $1,756
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 2 Information
# of Bedrooms: 2
Actual Rent: $2,055
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes
Exterior
Building Information
Construction Materials: Vinyl Siding, Wood Frame
Foundation Details: Slab
Roof: Shingle
Total Building Area (Sq. Ft.): 1,764
Property Information
Year Built: 1984
Above-Grade Finished Area (Sq. Ft.): 1,764
Lot Information
Lot Size (Sq. Ft.): $7,840.80
Lot Size (Acres): 0.18
Lot Size Source: Public Records
Lot Features: Level, Near Shopping, Near Turnpike/Interstate, Near Town
Zoning: RN-3
Financial
Tax Information
Annual Tax Amount: $5,276
Tax Year: 2024
Utilities
Utility Information
Has Heating
Heating: Direct Vent Heater
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities: Utilities On
Utilities On: Yes
Water Source: Public
Water Heater: Electric
Location
Location Information
Unparsed Address: 121 Providence Street, Portland, ME 04103
Directions: GPS Friendly
Public facts
Beds: 4
Baths: 2.0
Sq. Ft.: 1,764
Stories: 2.0
Parking Spaces: 5
Basement: No
Accessible: No
Lot Size: 7,840 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1984
Year Renovated: —
County: Cumberland County
APN: 132121
HOA Dues: —
Garage: No
Features: —
Home facts updated by owner on Aug 10, 2026
Around this home
Schools
Presumpscot School
Public PreK-5 • Assigned • 0.2mi
5/10
Lyman Moore Middle School
Public 6-8 • Assigned • 1.9mi
4/10
Casco Bay High School
Public 9-12 • Assigned • 1.8mi
5/10
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 87° expected this year, 18 days in 30 years
6/10 Wind Factor
62% 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
81
63
78
58
72
54
62
43
49
33
35
20
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.4 hours in
June and 4.2 hours in December, placing it below the
U.S. average for solar exposure.
8.4 hrs
4.2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$657,000 – $796,000
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