SOLD OCT 15, 2025

Off Market Oct 2025 for $1M

$975,097

•

4,308

sq ft

51 Frederic St, Portland, ME 04102

About this home

Here is the 3-Unit in Portland's Libbytown neighborhood that you've been seeking! Fully occupied tenancy with an excellent rental history and immediate cash flow. -Apt 1 is a 3 bed 1 bath with private back deck, large yard, as well as private driveway for 3+ cars and has private basement access - would make an awesome owner occupied unit, or continue as a month-to-month furnished rental (great for nearby medical center professionals). -Apt 2 is a 3 bed 1 bath with recently refinished wood floors, new stainless steel appliances -Apt 3 is a spacious 4 bed 1 bath -All 3 units have updated natural gas heating systems and separate CMP accounts. Full roof replacement in 2024. Close in proximity to dining, shopping, breweries, Amtrak, professional sports and live music venues, and The Fore River trail system! Maine Medical Center, Northern Light Mercy Hospital, USM campus and UNE campus all within walking distance! GROUP SHOWING: 8/17 this coming Sunday 3-5

Multi-familyProperty Type

1914Year Built

3,920 sq ftLot Size

$226Est. Price/Sq.Ft.

1 spaceParking

Listed by Joel Turgo • Elevate Maine Realty

Bought with Laura Fassett • Coldwell Banker Realty

Redfin checked: a few seconds ago

•Source:MREIS #1634213

Redfin Estimate

$975,097

$25K since sold in October 2025$34K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 75.2% higher than the average sale price ($557K) of 6 comparable homes.

SOLD FEB 5, 2026
$600,000
A
6 beds2 baths2,390 sq ft
1542 Congress St, Portland, ME 04102
SOLD JUL 17, 2026
$675,000
B
4 beds2 baths2,004 sq ft
76 Edwards St, Portland, ME 04102
SOLD MAY 13, 2026
$615,000
C
6 beds2 baths1,968 sq ft
50 Atlantic Ave, South Portland, ME 04106
SOLD JUL 29, 2026
$499,000
D
3 beds3 baths1,781 sq ft
265 Lincoln St, South Portland, ME 04106
SOLD JUN 12, 2026
$475,000
E
3 beds2 baths1,588 sq ft
22 Davis St, Portland, ME 04102
SOLD JUN 8, 2026
$475,000
F
4 beds2 baths1,776 sq ft
15 Craigie St, Portland, ME 04102

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Earn from this home

Sell

$129,042

Est. take-home

List your home with Redfin and save $9,751

Market trends in 04102, ME

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

101.1%

+0.2% MoM

Median sale price

$642K

$42K MoM

Avg. days on market

31d

4 days MoM

Recently sold homes

5 MoM

New listings for sale

$325,000
3 beds1.5 baths1,036 sq ft
65 Dougherty Ct #203, Portland, ME 04102
$268,800
1 bed1 bath512 sq ft
65 Dougherty Ct #101, Portland, ME 04102
$619,000
3 beds2 baths1,372 sq ft
56 Four Winds Rd, Portland, ME 04102
$599,000
3 beds1.5 baths1,440 sq ft
29A Pine St, Portland, ME 04102
See all

Provided by Redfin

Sale history for 51 Frederic St

Date

Event

Price

MREIS #1634213

Oct 15, 2025

Sold

$1,000,000

$232/sq ft

Aug 14, 2025

Listed

$995,000

$231/sq ft

MREIS #1552888

Apr 29, 2023

Sold

$825,000

$192/sq ft

Feb 27, 2023

Listed

$750,000

$174/sq ft

+53

Located in the Libbytown neighborhood of Portland this 3 unit with a strong rental history and profitable income/expense statement offers tenants close proximity to restaurants, shopping, breweries and walking trails. Featuring 2 three bedroom and 1 four bedroom apartments the building has 3 updated natural gas heating systems and separate CMP accounts for each apartment. Access to the Fore River trail is at the end of the street, a mile or less away is Thompson's Point, Maine Medical and the USM campus. UNE is a short 3 miles away.

MREIS #732939

Jan 19, 2005

Listed

$469,000

$109/sq ft

Year

Property tax

Land + Additions

Assessment*

2024

$9,791 (+4.2%)

$138,600 + $513,700

$652,300

2023

$9,400 (+5.9%)

$138,600 + $513,700

$652,300

2022

$8,878 (+4.8%)

$138,600 + $513,700

$652,300

2021

$8,473 (+9.2%)

$138,600 + $513,700

$652,300

2020

$7,760

$66,500 + $266,400

$332,900

2019

$7,760 (+3.7%)

$66,500 + $266,400

$332,900

2018

$7,484 (+3.8%)

$66,500 + $266,400

$332,900

2017

$7,207 (+2.5%)

$66,500 + $266,400

$332,900

2016

$7,028 (+2.3%)

$66,500 + $266,400

$332,900

2015

$6,868 (+3.2%)

$66,500 + $266,400

$332,900

2014

$6,658

$66,500 + $266,400

$332,900

Tax history for 51 Frederic St

Year

Property tax

Land + Additions

Assessment*

2024

$9,791 (+4.2%)

$138,600 + $513,700

$652,300

2023

$9,400 (+5.9%)

$138,600 + $513,700

$652,300

2022

$8,878 (+4.8%)

$138,600 + $513,700

$652,300

2021

$8,473 (+9.2%)

$138,600 + $513,700

$652,300

2020

$7,760

$66,500 + $266,400

$332,900

2019

$7,760 (+3.7%)

$66,500 + $266,400

$332,900

2018

$7,484 (+3.8%)

$66,500 + $266,400

$332,900

2017

$7,207 (+2.5%)

$66,500 + $266,400

$332,900

2016

$7,028 (+2.3%)

$66,500 + $266,400

$332,900

2015

$6,868 (+3.2%)

$66,500 + $266,400

$332,900

2014

$6,658

$66,500 + $266,400

$332,900

*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

4,356 Sq. Ft.

Year renovated

—

Sq. Ft.

4,308

Year built

1914

Style

Multi-Family (2-4 Unit)

County

Cumberland County

APN

115748

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: 1 - 4 Spaces, Off Street, On Street

Interior

Bathroom Information
# of Baths (Full): 3

Basement Information
Basement Entry: Interior, Bulkhead, Full, Sump Pump, Unfinished

Interior Features
Furnished: Partially
Flooring: Wood, Vinyl, Tile

Multi-Unit Information
# of Units Total: 3
# of 3 Bedroom Units: 2
# of 4 Bedroom Units: 1
Operating Expense: $18,036
Gross Income: $122,880

Unit 1 Information
# of Bedrooms: 4
Actual Rent: $3,210
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: Yes
Has Heat: Yes
Level: Third
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2 Information
# of Bedrooms: 3
Actual Rent: $3,000
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: Yes
Has Heat: Yes
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3 Information
# of Bedrooms: 3
Actual Rent: $4,000
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes

Exterior

Building Information
Construction Materials: Vinyl Siding, Wood Frame
Roof: Flat, Membrane
Total Building Area (Sq. Ft.): 4,308

Property Information
Year Built: 1914
Above-Grade Finished Area (Sq. Ft.): 4,308

Lot Information
Lot Size (Sq. Ft.): $3,920.40
Lot Size (Acres): 0.09
Lot Size Source: Public Records
Lot Features: Level, Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood, Near Public Transit, Near Railroad
Zoning: R6

Waterfront Information
Water Body Name: Fore River
Water Body Type: Bay
Water View: Yes

Financial

Tax Information
Annual Tax Amount: $9,791
Tax Year: 2024

Utilities

Utility Information
Has Heating
Heating: Hot Water, Forced Air, Baseboard
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities: Utilities On
Utilities On: Yes
Water Source: Public
Water Heater: Electric, Gas, Heat Pump, Off Heating System

Location

School Information
High School District: Portland Public Schools

Location Information
Unparsed Address: 51 Frederic Street, Portland, ME 04102
Directions: Congress Street, right onto Frederic Street. 51 is near the end on the right.

Public facts

Beds: 9
Baths: 3.0
Sq. Ft.: 4,308
Stories: 3.0
Lot Size: 4,356 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1914
Year Renovated: —
County: Cumberland County
APN: 115748

Home facts updated by county records on Jul 27, 2026

Around this home

Schools

Howard C Reiche Community School

Public PreK-5 • Assigned • 0.9mi

3/10

Deering High School

Public 9-12 • Assigned • 1.4mi

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

4/10 Heat Factor

7 days above 88° expected this year, 17 days in 30 years

6/10 Wind Factor

63% 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 • 04102

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

Estimated sale price

$927,000 – $1.12M

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Home values near 51 Frederic St

Data from public records.

Address	Redfin Estimate
35 Frederic St, Portland, ME 4 Beds \| 2 Baths \| 2980 Sq. Ft.	$728,642
47 Frederic St, Portland, ME 9 Beds \| 3 Baths \| 3570 Sq. Ft.	$894,870

Address	Redfin Estimate
40 Frederic St, Portland, ME 2 Beds \| 1 Baths \| 1075 Sq. Ft.	$459,187
31 Frederic St, Portland, ME 7 Beds \| 5 Baths \| 5564 Sq. Ft.	—

Address	Redfin Estimate
30 Frederic St, Portland, ME 8 Beds \| 4 Baths \| 4088 Sq. Ft.	—
44 Frederic St, Portland, ME 2 Beds \| 1 Baths \| 625 Sq. Ft.	$384,040

Property information provided by MREIS when last listed in 2025. This data may not match . Learn more.

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