Outstanding investment opportunity in Portland! This 1900-built high performing 3-unit property sits on a unique double city lot. Offering unmatched yard space and parking options just off Forest Ave. The property features a stellar, high-demand rental mix: a 4-bedroom, 3-bedroom, and 1-bedroom unit. Step inside the recently updated downstairs unit 1 to find granite countertops, new cabinets and a new range. Unit 2 upstairs has ample space as a split level 4-bedroom unit. Unbeatable location--walking distance to Deering Oaks Park, the Back Bay trails, USM, and local dining. Perfect for an owner-occupant or a savvy investor looking for a strong-performing asset in a highly walkable neighborhood.
Deering Center, located between Back Cove and Riverton, is a residential and civic Portland neighborhood with a collegiate edge and a leafy, park-lined street grid. The neighborhood’s character concentrates around the Stevens Ave–Woodford St corridor, where corner markets, coffee counters, and small professional storefronts set a steady, lived-in rhythm. Brick Colonials, classic Capes, and early-20th-century multifamilies define the blocks, with sidewalks that link daily errands to green space. The University of New England’s Portland Campus adds lecture-hall energy and a polished institutional presence. Longfellow Arboretum and Baxter Woods bring quiet trails and canopy shade into the middle of town. Local pillars such as Pat’s Meat Market, Woodford Food & Beverage, and the Portland Conservatory of Music help anchor the neighborhood’s routines.
Provided by Walk Score and Local Logic
Offer insights
16 Hartley St · $935,000
$934K and above
75% chance or better to win
Why $934K+ is a strong offer
DAYS ON MARKET
50 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
Laminate, tile, vinyl and wood flooring
Bedrooms
Three 3-bedroom units and one 1-bedroom unit configuration across the building (individual units described below)
Unit breakdown: one 3-bedroom (first level), one 1-bedroom (second level), one 4-bedroom (second level)
Bathrooms
Each unit has one full bathroom (three full baths total listed)
Kitchen
Refrigerator included in each unit
Laundry & utility
Each unit has electric service; dedicated electric meters for all units
Each unit has a dedicated water heater
Flooring
Laminate, tile, vinyl and wood flooring
Heating & cooling
Heating present: baseboard, direct vent furnace/heater, and hot water systems
Electric service via circuit breakers
Exterior features
Level lot located near shopping, town and public transit
Paved road frontage
Home design
Wood-frame building with vinyl siding
Two-story building
Pitched shingle composition roof
Parking
On-site paved parking with 5–10 spaces, off-street and common parking
Construction
Built in 1900
Wood frame construction with vinyl siding
Composition shingle pitched roof
Two total stories
Utilities
Public water and public sewer
Gas on-demand water heater
Utilities currently on
Financial info
Property is a 3-unit multifamily
Gross income reported: $98,280
Operating expenses reported: $12,098.40
Example unit rents: Unit 1 (3-bed, first level) actual rent $3,150; Unit 2 (1-bed, second level) actual rent $1,590; Unit 3 (4-bed, second level) actual rent $3,450
Electricity and solar
View estimated energy costs and solar savings for this home
Incredible owner occupied opportunity. This is a very large building on a double city lot. There is a lot of potential for a great urban oasis here. This property is close proximity to Deering Center, Back Cove, Baxter Park and all of Forest Avenue. Large 3 Family building on double lot. 16 and 18 Hartley Street. Large 4 bedroom and 3 bedroom, and a 1 bedroom apartment currently. 1st floor 3 bedroom has been updated with a new kitchen and paint. It is currently vacant while for sale. the 4 bedroom and 1 bedroom are rented. There are options for expansion. Check with city of Portland to confirm.
MREIS #1597262
Jul 17, 2024
Listed
$799,000
$197/sq ft
Year
Property tax
Land + Additions
Assessment*
2024
$10,108 (+4.2%)
$99,900 + $573,500
$673,400
2023
$9,704 (+5.9%)
$99,900 + $573,500
$673,400
2022
$9,165 (+4.8%)
$99,900 + $573,500
$673,400
2021
$8,747 (+19.5%)
$99,900 + $573,500
$673,400
2020
$7,319
$94,400 + $219,600
$314,000
2019
$7,319 (+3.7%)
$94,400 + $219,600
$314,000
2018
$7,059 (+3.8%)
$94,400 + $219,600
$314,000
2017
$6,798 (+2.5%)
$94,400 + $219,600
$314,000
2016
$6,629 (+28.6%)
$94,400 + $219,600
$314,000
2015
$5,153 (+3.1%)
$94,400 + $155,400
$249,800
2014
$4,996
$94,400 + $155,400
$249,800
Public record
Public record
Zoning
Permits
Beds
6
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
0.29 Acres
Year renovated
—
Finished Sq. Ft.
4,053
Unfinished Sq. Ft.
—
Total Sq. Ft.
4,053
Year built
1900
Style
Multi-Family (2-4 Unit)
County
Cumberland County
APN
120329
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 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.
Aug 30, 2021 • Final
Commercial/multi family (3+ units) alterations
Remodel
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.
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 88° expected this year, 17 days in 30 years
6/10 Wind Factor
60% 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
80
64
78
58
72
54
62
43
49
33
35
20
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 17% for direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.8 hrs
5.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 16 Hartley St
$887,520
$47K under list price of $935K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $625K to $920K.