Spacious and versatile 3-unit multi-family in a convenient Portland location offering strong appeal for both owner-occupants and investors alike. Located at 26 Presumpscot Street, this well-positioned property presents an excellent opportunity to offset living expenses with rental income or expand an investment portfolio in one of Southern Maine's most desirable markets. Each unit offers functional layouts with comfortable living spaces, abundant natural light, and separate living areas that provide flexibility for a variety of needs. The property features ample off-street parking, outdoor space, and easy access to downtown Portland, Back Cove trails, local restaurants, shopping, and major commuter routes.
Multi-familyProperty Type
1900Year Built
5,227 sq ftLot Size
$262Price/Sq.Ft.
5 spacesParking
Listed by Sydney Harrison• Town & Shore Real Estate
East Deering, located between Back Cove and Casco Bay, is a residential and waterfront Portland neighborhood with working-harbor edges and pocket parks. The neighborhood’s character concentrates around the Veranda Street corridor near Payson Park, where corner markets, takeout counters, and everyday errands set a steady, local rhythm. Community touchstones include the historic Tate House Museum, the Portland Yacht Club, and the Portland Trails network threading along the water. Housing ranges from compact capes and mid-century ranches to newer infill, often on quiet, tree-lined blocks. Shoreline views and salt-air breezes shape daily routines, while trail connections link to the peninsula and beyond.
Provided by Walk Score and Local Logic
Offer insights
26 Presumpscot St · $725,000
$726K and above
75% chance or better to win
Why $726K+ is a strong offer
DAYS ON MARKET
61 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
Interior features
Carpet, tile, vinyl and wood flooring
Full basement with bulkhead and interior entry
Bedrooms
Three units: one 1-bedroom (third level), one 2-bedroom (second level), one 3-bedroom (first level)
Bathrooms
Three full bathrooms (one per unit)
Kitchen
Each unit includes a refrigerator
Laundry & utility
Each unit has its own water heater
Dedicated gas meter for all units; dedicated electric meters for the 1-bedroom and 3-bedroom units
Flooring
Carpet
Tile
Vinyl
Wood
Heating & cooling
Heating present: baseboard, direct vent furnace, forced air and hot water systems
On-site electric with circuit breakers
Exterior features
Intown corner lot on level terrain
Zoned R5
Home design
Wood-frame multi-level building with three stories
Shingle roof
Built in 1900
Parking
Common gravel parking providing approximately 5–10 spaces
Construction
Wood frame construction with asbestos noted
Three total stories
Utilities
Public water
Public sewer
Financial info
Three-unit multi-family property
Gross income reported at $70,800
Operating expenses reported at $12,000
Actual rents by unit: $1,400 (1-bedroom, third level), $2,100 (2-bedroom, second level), $2,400 (3-bedroom, first level)
Electricity and solar
View estimated energy costs and solar savings for this home
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.
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 87° expected this year, 17 days in 30 years
6/10 Wind Factor
61% 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
93/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 23% for direct sun exposure in Portland. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.3 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 26 Presumpscot St
$729,524
$4,524 over list price of $725K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $685K to $902K.