Exceptional investment opportunity in Portland's highly desirable Deering Center/Rosemont neighborhood. This well-maintained multi-family property features three established units plus fully finished space with strong potential for a fourth unit (buyer to verify approvals and permitted use with city). Owner occupied since 2007, and the units are currently exempt from the rent increase limits imposed by the City of Portland for 3-4 unit buildings. the property offers a rare combination of off-street parking, a garage and a spacious backyard, providing added convenience and outdoor enjoyment for tenants and owners alike. Ideally situated within walking distance to the University of New England (UNE), the University of Southern Maine (USM), Rosemont Market, neighborhood shops, restaurants and everyday amenities. Outdoor enthusiasts will appreciate easy access to Evergreen Woods and its extensive network of approximately four miles on scenic walking and hiking trails. Whether you are an owner-occupant seeking supplemental income or an investor looking to expand your portfolio in one of Portland's most sought-after neighborhoods, this property offers outstanding versatility location and future upside.
Multi-familyProperty Type
1879Year Built
9,583 sq ftLot Size
$240Price/Sq.Ft.
1 car garageParking
Listed by Anthony {Tony} Galli• Greater Portland Realty
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
268 Concord St W · $885,000
$878K and above
75% chance or better to win
Why $878K+ is a strong offer
DAYS ON MARKET
139 days
The average home goes pending in 40 days.
SALE-TO-LIST
98.3%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Carpet, tile and wood flooring
Unfinished full basement with interior entry
Bedrooms
One 1-bedroom unit (third level)
Two 2-bedroom units (one on second level, one on first level)
Bathrooms
Three full bathrooms (one in each unit)
Kitchen
All units include a refrigerator
Laundry & utility
Each unit has dedicated water heater
Dedicated electric meters for all units; two units have dedicated gas meters
Water heater options include gas and oil (tank); water source is public
Flooring
Carpet
Tile
Wood
Heating & cooling
Baseboard heating
Direct vent furnace
Circuit breaker electrical system
Exterior features
Deck and patio
Fenced yard
Near shopping, neighborhood setting, sidewalks and near public transit
Paved road frontage
Home design
Wood-frame building with vinyl and wood siding
Three-story building
Built in 1879
Zoned RN-3
Parking
Attached garage with 1 garage space
Paved on-site parking and on-street parking (1–4 spaces available)
Construction
Wood frame construction with vinyl and wood siding
Brick/mortar foundation
Shingle roof
Originally built in 1879
Utilities
Public water
Public sewer
Utilities currently on
HOA & community
No dogs allowed
Financial info
Three-unit multifamily property operating expense listed as $16,000
Other
Property address: 268 Concord Street W, Portland, ME 04103
Directions: Stevens Ave. to Concord St. West
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 88° expected this year, 17 days in 30 years
6/10 Wind Factor
59% 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°
44°
49°
33°
35°
20°
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
71/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.5 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 268 Concord St W
$848,151
$37K under list price of $885K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $680K to $880K.