OFF MARKET

Off Market Jun 2022 for $3.1M

—

•

15,620

sq ft

41 Chestnut St, Portland, ME 04101

About this home

- 16 exempt, value-add units for sale on Portland's peninsula. - Exempt from City of Portland Rental Control Ordinance - Multi-Family building comprised of 16 units totaling 12,496± SF - Spacious and efficient layout, all units with three-bedrooms on 4-stories - Exceptional cash-flow opportunity at an opportune time to invest in a growing neighborhood on Portland's peninsula - Professionally managed building protected by code-compliant, centrally monitored alarm and sprinkler system - Walkable to Old Port, Downtown Business District District and Whole Foods/Bayside Area - Projected Cap Rate: 9.22% - Sale Price: $2,995,000

Multi-familyProperty Type

1900Year Built

4,356 sq ftLot Size

$202Price/Sq.Ft.

1 spaceParking

Listed by Timothy Millett • Porta & Company

Bought with David Holman • RE/MAX Riverside

Redfin checked: 3 minutes ago

•Source:MREIS #1520688

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

$400,000
3 beds1 bath1,519 sq ft
187 Congress St, Portland, ME 04101
$339,000
1 bed1 bath938 sq ft
99 Silver St Unit 2-11, Portland, ME 04101
$425,000
1 bed1 bath935 sq ft
21 Chestnut St #606, Portland, ME 04101
$645,000
1 bed1 bath851 sq ft
716 Chandler's Wharf #716, Portland, ME 04101
$199,000
1 bed1 bath448 sq ft
58 Portland St #3, Portland, ME 04101
$2,595,000
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
$1,299,000
3 beds2 baths1,485 sq ft
58 Cumberland Ave #5, Portland, ME 04101
$425,000
1 bed1 bath718 sq ft
45 Eastern Promenade Unit 11A, Portland, ME 04101
$569,000
1 bed1 bath845 sq ft
22 Hancock St #211, Portland, ME 04101
See all

Provided by Redfin

Sale history for 41 Chestnut St

Year

Property tax

Land + Additions

Assessment*

2024

$37,258 (+4.2%)

$221,100 + $2,261,100

$2,482,200

2023

$35,769 (+5.9%)

$221,100 + $2,261,100

$2,482,200

2022

$33,783 (+4.8%)

$221,100 + $2,261,100

$2,482,200

2021

$32,244 (+44.0%)

$221,100 + $2,261,100

$2,482,200

2020

$22,396

$67,600 + $893,200

$960,800

2019

$22,396 (+3.7%)

$67,600 + $893,200

$960,800

2018

$21,599 (+3.8%)

$67,600 + $893,200

$960,800

2017

$20,801 (+2.6%)

$67,600 + $893,200

$960,800

2016

$20,282 (+2.3%)

$67,600 + $893,200

$960,800

2015

$19,821 (+3.1%)

$67,600 + $893,200

$960,800

2014

$19,216

$67,600 + $893,200

$960,800

Tax history for 41 Chestnut St

Year

Property tax

Land + Additions

Assessment*

2024

$37,258 (+4.2%)

$221,100 + $2,261,100

$2,482,200

2023

$35,769 (+5.9%)

$221,100 + $2,261,100

$2,482,200

2022

$33,783 (+4.8%)

$221,100 + $2,261,100

$2,482,200

2021

$32,244 (+44.0%)

$221,100 + $2,261,100

$2,482,200

2020

$22,396

$67,600 + $893,200

$960,800

2019

$22,396 (+3.7%)

$67,600 + $893,200

$960,800

2018

$21,599 (+3.8%)

$67,600 + $893,200

$960,800

2017

$20,801 (+2.6%)

$67,600 + $893,200

$960,800

2016

$20,282 (+2.3%)

$67,600 + $893,200

$960,800

2015

$19,821 (+3.1%)

$67,600 + $893,200

$960,800

2014

$19,216

$67,600 + $893,200

$960,800

*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
Permits

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

4,356 Sq. Ft.

Year renovated

—

Sq. Ft.

15,620

Year built

1900

Style

Multi-Family (5+ Unit)

County

Cumberland County

APN

111850

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 27, 2026.

RN-6

R-7

Residential Neighborhood Zone

To provide areas of the city, predominantly on the peninsula, for a dense residential neighborhood environment of townhouse and multi-family dwellings. Select nonresidential uses may also be permitted in the RN-6 zone

Zone overlays

Compact Urban Residential Overlay

Permitted uses

Include but are not limited to:

Marina
Cemetery
Park & open space

Oct 15, 2023 • Final

Commercial/multi family (3+ units) alterations

Renovate bathrooms in apartment units.

Remodel

Apr 21, 2023 • Final

Electrical

Remove and replace electrical service panels in multiple residential units.

Electrical

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.

Property details

Parking

Parking Information
Parking Features: Paved, 1 - 4 Spaces

Interior

Bathroom Information
# of Baths (Full): 16

Basement Information
Basement Entry: Walk-Out Access, Daylight, Full

Interior Features
Flooring: Carpet, Vinyl, Wood

Multi-Unit Information
# of Units Total: 16
# of 3 Bedroom Units: 16
Operating Expense: $143,093.74
Gross Income: $419,136

Unit 1 Information
# of Bedrooms: 3
Actual Rent: $1,596
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2 Information
# of Bedrooms: 3
Actual Rent: $1,887
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3 Information
# of Bedrooms: 3
Actual Rent: $1,498
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: Third
Refrigerator: No
Sewer: Yes
Water: Yes

Unit 4 Information
# of Bedrooms: 3
Actual Rent: $1,650
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 5 Information
# of Bedrooms: 3
Actual Rent: $1,887
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 6 Information
# of Bedrooms: 3
Actual Rent: $1,887
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 7 Information
# of Bedrooms: 3
Actual Rent: $2,183
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: Upper
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 8 Information
# of Bedrooms: 3
Actual Rent: $1,887
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: Third
Refrigerator: No
Sewer: Yes
Water: Yes

Unit 9 Information
# of Bedrooms: 3
Actual Rent: $1,887
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 10 Information
# of Bedrooms: 3
Actual Rent: $2,183
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: Four +
Refrigerator: Yes
Sewer: Yes
Water: Yes

Exterior

Building Information
Construction Materials: Wood Frame, Aluminum Siding
Foundation Details: Brick/Mortar
Roof: Flat, Membrane
Total Stories: 4
Total Building Area (Sq. Ft.): 15,620

Property Information
Security Features: Fire System, Fire Sprinkler System
Year Built: 1900
Above-Grade Finished Area (Sq. Ft.): 12,496
Below-Grade Finished Area (Sq. Ft.): 3,124
Levels: Multi-Level

Lot Information
Lot Size (Sq. Ft.): $4,356
Lot Size (Acres): 0.1
Lot Size Source: Public Records
Lot Features: Intown, Neighborhood, Level
Road Surface Type: Paved
Zoning: R6

Waterfront Information
Water Body Name: Casco Bay
Water Body Type: Cove
Water View: Yes

Financial

Tax Information
Annual Tax Amount: $32,244
Tax Year: 2021

Utilities

Utility Information
Has Heating
Heating: Baseboard
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities: Utilities On
Utilities On: Yes
Water Source: Public
Water Heater: Gas

Location

Location Information
Unparsed Address: 41 Chestnut Street, Portland, ME 04101

Public facts

Beds: —
Baths: —
Sq. Ft.: 15,620
Stories: —
Lot Size: 4,356 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1900
Year Renovated: —
County: Cumberland County
APN: 111850

Home facts updated by county records on Jul 27, 2026

Around this home

Schools

Howard C Reiche Community School

Public PreK-5 • Assigned • 0.8mi

3/10

Deering High School

Public 9-12 • Assigned • 2.0mi

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 87° expected this year, 19 days in 30 years

6/10 Wind Factor

67% 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?

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Home values near 41 Chestnut St

Data from public records.

Address	Redfin Estimate
49 Chestnut Street, Portland, ME 4 Beds \| 4 Baths \| 2724 Sq. Ft.	—
37 Chestnut Street, Portland, ME 4 Beds \| 2 Baths \| 2292 Sq. Ft.	$721,004

Address	Redfin Estimate
54 Chestnut Street, Portland, ME 10 Beds \| 4 Baths \| 4143 Sq. Ft.	$1,010,841
21 Chestnut Street Unit 204, Portland, ME 2 Beds \| 1 Baths \| 895 Sq. Ft.	$540,930

Address	Redfin Estimate
55 Chestnut Street, Portland, ME 7 Beds \| 4 Baths \| 3900 Sq. Ft.	—
21 Chestnut Street Unit 405, Portland, ME 2 Beds \| 1 Baths \| 1090 Sq. Ft.	$568,523

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

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