OFF MARKET

Off Market Mar 2023 for $1.4M

—

•

5,225

sq ft

264 State St, Portland, ME 04101

About this home

The ''Charles Tobie House'' represents a rare opportunity to purchase one of Portland's most stately and admired multi-units. This 13-Unit proudly sits on the corner of State and Sherman Street and is ideally located in the Parkside neighborhood of Portland. Located between USM and Maine Medical Center, the ability to command top rents is assured! This property features a large off-street parking lot, coin-op laundry, separate/metered utilities, and a city monitored fire alarm system with fire suppression. There is a large value-add opportunity for the next owner and plenty of charming details still intact. 2 of the 13 Units have been left vacant allowing an opportunity for the next owner to renovate or simply lease at a higher rate. This property is now offered BELOW appraised value - one of very few (if any) properties in Portland offering equity at closing! This is an opportunity not to be missed. For a video walk-thru go to YouTube and enter the property address.

Multi-familyProperty Type

1900Year Built

4,791 sq ftLot Size

$268Price/Sq.Ft.

5 spacesParking

Listed by William {Will} Van Wickler • Keller Williams Realty

Contact: (207) 232-8877

Bought with Mackenzie Simpson • Porta & Company

Redfin checked: 3 minutes ago

•Source:MREIS #1544862

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 04101, ME

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.0%

0.3% MoM

Median sale price

$708K

$17K MoM

Avg. days on market

29d

14 days MoM

Recently sold homes

9 MoM

New listings for sale

OPEN TODAY, 10AM TO 12PM
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1 bed1 bath938 sq ft
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21 Chestnut St #606, Portland, ME 04101
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716 Chandler's Wharf #716, Portland, ME 04101
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58 Portland St #3, Portland, ME 04101
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8 beds8 baths7,969 sq ft
133 Free St, Portland, ME 04101
$390,000
1 bed1 bath630 sq ft
99 Silver St Unit 3-7, Portland, ME 04101
OPEN TODAY, 10AM TO 11:30AM
$1,299,000
3 beds2 baths1,485 sq ft
58 Cumberland Ave #5, Portland, ME 04101
$425,000
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45 Eastern Promenade Unit 11A, Portland, ME 04101
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1 bed1 bath845 sq ft
22 Hancock St #211, Portland, ME 04101
$1,575,000
8 beds7 baths4,654 sq ft
80 Wilson St, Portland, ME 04101
See all

Provided by Redfin

Sale history for 264 State St

Year

Property tax

Land + Additions

Assessment*

2024

$19,693 (+4.2%)

$227,800 + $1,084,200

$1,312,000

2023

$18,906 (+5.9%)

$227,800 + $1,084,200

$1,312,000

2022

$17,856 (+4.8%)

$227,800 + $1,084,200

$1,312,000

2021

$17,043 (+25.5%)

$227,800 + $1,084,200

$1,312,000

2020

$13,580

$68,100 + $514,500

$582,600

2019

$13,580 (+3.7%)

$68,100 + $514,500

$582,600

2018

$13,097 (+3.8%)

$68,100 + $514,500

$582,600

2017

$12,613 (+2.6%)

$68,100 + $514,500

$582,600

2016

$12,299 (+2.3%)

$68,100 + $514,500

$582,600

2015

$12,019 (+3.1%)

$68,100 + $514,500

$582,600

2014

$11,652

$68,100 + $514,500

$582,600

Tax history for 264 State St

Year

Property tax

Land + Additions

Assessment*

2024

$19,693 (+4.2%)

$227,800 + $1,084,200

$1,312,000

2023

$18,906 (+5.9%)

$227,800 + $1,084,200

$1,312,000

2022

$17,856 (+4.8%)

$227,800 + $1,084,200

$1,312,000

2021

$17,043 (+25.5%)

$227,800 + $1,084,200

$1,312,000

2020

$13,580

$68,100 + $514,500

$582,600

2019

$13,580 (+3.7%)

$68,100 + $514,500

$582,600

2018

$13,097 (+3.8%)

$68,100 + $514,500

$582,600

2017

$12,613 (+2.6%)

$68,100 + $514,500

$582,600

2016

$12,299 (+2.3%)

$68,100 + $514,500

$582,600

2015

$12,019 (+3.1%)

$68,100 + $514,500

$582,600

2014

$11,652

$68,100 + $514,500

$582,600

*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

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

5,227 Sq. Ft.

Year renovated

—

Sq. Ft.

5,652

Year built

1900

Style

Multi-Family (5+ Unit)

County

Cumberland County

APN

113989

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 27, 2026.

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

Property details

Parking

Parking Information
Parking Features: 5 - 10 Spaces, Paved, Off Street

Interior

Bathroom Information
# of Baths (Full): 13

Basement Information
Basement Entry: Walk-Out Access, Brick/Mortar, Finished, Exterior Only

Interior Features
Flooring: Wood, Vinyl, Tile, Laminate
Other Equipment: Other Equipment, Internet Access Available

Laundry Information
Laundry Features: Coin Laundry

Multi-Unit Information
# of Units Total: 13
# of 1 Bedroom Units: 13
Operating Expense: $62,464
Gross Income: $126,528

Unit 1 Information
Actual Rent: $856
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2 Information
# of Bedrooms: 1
Actual Rent: $850
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3 Information
Actual Rent: $700
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 4 Information
# of Bedrooms: 1
Actual Rent: $1,050
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 5 Information
# of Bedrooms: 1
Actual Rent: $920
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Level: Third
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 6 Information
Actual Rent: $650
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Level: Third
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 7 Information
Actual Rent: $750
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 8 Information
# of Bedrooms: 1
Actual Rent: $1,168
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 9 Information
Actual Rent: $600
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Level: Third
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 10 Information
Actual Rent: $800
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Level: Third
Refrigerator: Yes
Sewer: Yes
Water: Yes

Exterior

Building Information
Construction Materials: Brick, Masonry
Foundation Details: Brick/Mortar
Roof: Slate
Total Stories: 4
Total Building Area (Sq. Ft.): 5,225

Property Information
Security Features: Sprinkler, Fire System
Year Built: 1900
Above-Grade Finished Area (Sq. Ft.): 5,225
Green Energy Efficient: Water Heater

Lot Information
Lot Size (Sq. Ft.): $4,791.60
Lot Size (Acres): 0.11
Lot Size Source: Public Records
Lot Features: Corner Lot, Sidewalks, Historic District, Intown, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town
Road Surface Type: Paved
Zoning: R6

Financial

Tax Information
Annual Tax Amount: $17,043
Tax Year: 2021

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: Gas, Tank

Location

Location Information
Unparsed Address: 264 State Street, Portland, ME 04101
Directions: I-295 S/US-1 S to State St (one way) - Property is on the corner of State and Sherman. GPS Friendly

Public facts

Beds: —
Baths: —
Sq. Ft.: 5,652
Stories: —
Lot Size: 5,227 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1900
Year Renovated: —
County: Cumberland County
APN: 113989

Home facts updated by county records on Jul 27, 2026

Around this home

Schools

Howard C Reiche Community School

Public PreK-5 • Assigned • 0.4mi

3/10

Deering High School

Public 9-12 • Assigned • 1.8mi

2/10

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 88° 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, 1 days in 30 years

Provided by First Street

Historical weather

Portland, ME • 04101

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.5 hours in June and 4.3 hours in December, placing it below the U.S. average for solar exposure.

8.5 hrs

4.3 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

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OPEN TODAY, 10AM TO 11:30AM

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Home values near 264 State St

Data from public records.

Address	Redfin Estimate
263 State St, Portland, ME 4 Beds \| 1.5 Baths \| 2799 Sq. Ft.	$837,375
276 State St Apt 1, Portland, ME 2 Beds \| 1.5 Baths \| 1146 Sq. Ft.	$523,718

Address	Redfin Estimate
256 State St, Portland, ME 3 Beds \| 2 Baths \| 1865 Sq. Ft.	$773,783
276 State St Apt 3, Portland, ME 2 Beds \| 1 Baths \| 1040 Sq. Ft.	$387,520

Address	Redfin Estimate
272 State St, Portland, ME 7 Beds \| 7 Baths \| 4454 Sq. Ft.	—
265 State St, Portland, ME 4 Beds \| 2.5 Baths \| 2787 Sq. Ft.	$956,009

Property information provided by MREIS when last listed in 2022. This data may not match . Learn more.

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