Presenting a rare opportunity to acquire a distinguished 10-unit multi-family property in Portland's highly desirable Congress Street corridor steps from Longfellow Square. Comprised of two separately deeded buildings, 209 and 211 State Street are part of the historic John W. Munger Block, an architecturally significant brick property constructed in 1855 that showcases the timeless character and craftsmanship that define Portland's historic district. Ideally situated along one of Portland's most recognizable residential corridors, the property is within walking distance of the city's renowned restaurants, shops, medical facilities, transportation options, and waterfront attractions. The location continues to attract strong rental demand from professionals, healthcare workers, and residents seeking an urban lifestyle in one of Maine's most dynamic markets. Investors will appreciate the flexibility afforded by the property's separate deeds, creating potential future disposition, financing, or portfolio management opportunities. The combination of historic character, strong tenant appeal, off-street parking, and a premier Portland location makes 209-211 State Street a compelling long-term investment opportunity. All showings after the group showings are by appointment only.
Arts District, located between Congress Street and the Portland Waterfront, is a cultural and walkable Portland neighborhood with gallery-lined blocks and brick-and-granite streetscapes. The neighborhood’s character concentrates around Congress Street near Monument Square, where museums, indie boutiques, coffee counters, and marquee-lit theaters keep the sidewalks busy. The Portland Museum of Art, Merrill Auditorium, and SPACE Gallery act as community pillars for exhibitions, concerts, and film. Historic commercial buildings mix with converted lofts and newer mid-rise residences, giving the streets a studio-and-showroom feel. Pocket parks and the nearby waterfront add open-air breaks between openings and performances. Dining and nightlife cluster along Congress and Exchange, with late hours and a polished, creative edge.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Tile, vinyl, and wood flooring
Full basement with bulkhead and interior entry
Bedrooms
Ten-unit building: four 1-bedroom units and six 2-bedroom units (individual unit levels vary)
Bathrooms
Eleven full bathrooms total in the building
Kitchen
Most units include a refrigerator
Laundry & utility
Units have varying electric and heating setups; multiple units have dedicated electric meters
Water heaters are not dedicated per-unit in listed unit types
Flooring
Tile
Vinyl
Wood
Heating & cooling
Heating present throughout the building
Heating types include baseboard, direct vent furnace, hot water, and zoned systems
Circuit breaker electrical system
Exterior features
Located in a historic district and in-town setting
Near shopping and sidewalks
Paved road frontage
Home design
Multi-level building
Located at 209-211 State Street, Portland, near the intersection of State and Congress Streets, steps from Longfellow Square
Parking
On-site paved parking
Leased spaces available
Off-street parking with 5–10 spaces, including tandem arrangements
Construction
Original construction 1855
Masonry, wood frame and brick construction
Membrane, shingle and slate roofing
Utilities
Public water
Public sewer
Electric service with circuit breakers
Water heaters: electric and off heating system
Financial info
Ten total residential units
Gross income reported at $220,416
Operating expenses reported at $80,516
Individual unit rents vary (examples): $950 to $2,500 depending on unit
Electricity and solar
View estimated energy costs and solar savings for this home
Exquisite Venetian Gothic style architecture and intricate detail throughout adorn this 2 deeded, duplex building with 12ft ceilings, gated yard and parking. Excellent rental history in a convenient location near Longfellow square. Condo conversion opportunity with large attic space and roof deck expansion potential. Drive-thru Driveway between State and Vernon Pl Streets with room for 11 cars stacked.
Year
Property tax
Land + Additions
Assessment*
2024
$12,245 (+4.2%)
$217,600 + $598,200
$815,800
2023
$11,756 (+5.9%)
$217,600 + $598,200
$815,800
2022
$11,103 (+4.8%)
$217,600 + $598,200
$815,800
2021
$10,597 (+15.9%)
$217,600 + $598,200
$815,800
2020
$9,145
$146,000 + $246,300
$392,300
2019
$9,145 (+3.7%)
$146,000 + $246,300
$392,300
2018
$8,819 (+3.8%)
$146,000 + $246,300
$392,300
2017
$8,493 (+2.6%)
$146,000 + $246,300
$392,300
2016
$8,281 (+2.3%)
$146,000 + $246,300
$392,300
2015
$8,093 (+3.1%)
$146,000 + $246,300
$392,300
2014
$7,846
$146,000 + $246,300
$392,300
Public record
Public record
Zoning
Beds
5
Baths
3
Stories
3
Lot width
—
Lot depth
—
Lot size
3,920 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
4,220
Unfinished Sq. Ft.
—
Total Sq. Ft.
4,220
Year built
1855
Style
Multi-Family (2-4 Unit)
County
Cumberland County
APN
113758
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 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
79
64
76
61
71
56
61
46
50
36
36
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
78/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 209-211 State St
There isn’t enough information to generate an accurate estimate at this time. Learn More