Turnkey six unit building in the heart of Portland! This large building has parking lot for 8 cars included, a brand new rubber roof was installed 2 months ago, a fully operational laundry is set up in basement. The property has been professionally managed for the past two years and generates $88,000.00 in revenue annually.
Downtown multi family investment. On site parking. Fully tenanted. NOI $55,000. 8% cap rate.
MREIS #1246094
Dec 15, 2015
Listed
$1,745,000
$250/sq ft
MREIS #1027407
Aug 24, 2011
Listed
$449,000
$64/sq ft
Year
Property tax
Land + Additions
Assessment*
2024
$12,205 (+4.2%)
$163,300 + $649,800
$813,100
2023
$11,717 (+5.9%)
$163,300 + $649,800
$813,100
2022
$11,066 (+4.8%)
$163,300 + $649,800
$813,100
2021
$10,562 (+62.3%)
$163,300 + $649,800
$813,100
2020
$6,508
$60,000 + $219,200
$279,200
2019
$6,508 (+3.7%)
$60,000 + $219,200
$279,200
2018
$6,276 (+3.8%)
$60,000 + $219,200
$279,200
2017
$6,045 (+2.6%)
$60,000 + $219,200
$279,200
2016
$5,894 (+2.3%)
$60,000 + $219,200
$279,200
2015
$5,760 (+3.2%)
$60,000 + $219,200
$279,200
2014
$5,584
$60,000 + $219,200
$279,200
Tax history for 52 Myrtle St
Year
Property tax
Land + Additions
Assessment*
2024
$12,205 (+4.2%)
$163,300 + $649,800
$813,100
2023
$11,717 (+5.9%)
$163,300 + $649,800
$813,100
2022
$11,066 (+4.8%)
$163,300 + $649,800
$813,100
2021
$10,562 (+62.3%)
$163,300 + $649,800
$813,100
2020
$6,508
$60,000 + $219,200
$279,200
2019
$6,508 (+3.7%)
$60,000 + $219,200
$279,200
2018
$6,276 (+3.8%)
$60,000 + $219,200
$279,200
2017
$6,045 (+2.6%)
$60,000 + $219,200
$279,200
2016
$5,894 (+2.3%)
$60,000 + $219,200
$279,200
2015
$5,760 (+3.2%)
$60,000 + $219,200
$279,200
2014
$5,584
$60,000 + $219,200
$279,200
*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
2,178 Sq. Ft.
Year renovated
—
Sq. Ft.
6,976
Year built
1915
Style
Multi-Family (5+ Unit)
County
Cumberland County
APN
111855
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
R6
R-7
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.
Zone overlays
Compact Urban Residential Overlay
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
Dec 20, 2022 • Final
Condo conversion
Convert apartments into condominiums.
Addition
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: 5 - 10 Spaces, Paved, Common, Off Street
Interior
Bathroom Information
# of Baths (Full): 6
Basement Information
Basement Entry: Interior, Full, Unfinished
Interior Features
Interior Features: Bathtub
Flooring: Wood, Tile, Laminate, Carpet
Multi-Unit Information
# of Units Total: 6
# of 2 Bedroom Units: 3
# of 3 Bedroom Units: 3
Gross Income: $88,800
Unit 1 Information
# of Bedrooms: 2
Actual Rent: $1,000
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Refrigerator: No
Sewer: No
Water: No
Unit 2 Information
# of Bedrooms: 3
Actual Rent: $1,300
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 3 Information
# of Bedrooms: 3
Actual Rent: $1,400
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 4 Information
# of Bedrooms: 2
Actual Rent: $1,350
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Refrigerator: No
Sewer: No
Water: No
Unit 5 Information
# of Bedrooms: 3
Actual Rent: $1,200
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 6 Information
# of Bedrooms: 2
Actual Rent: $1,150
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Refrigerator: No
Sewer: No
Water: No
Exterior
Building Information
Construction Materials: Vinyl Siding, Block, Wood Frame
Foundation Details: Block, Stone, Brick/Mortar
Roof: Flat, Tar/Gravel
Total Stories: 3
Total Building Area (Sq. Ft.): 6,976
Property Information
Year Built: 1915
Above-Grade Finished Area (Sq. Ft.): 6,976
Levels: Multi-Level
Lot Information
Lot Size (Sq. Ft.): $1,742.40
Lot Size (Acres): 0.04
Lot Size Source: Public Records
Lot Features: Level, Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate, Near Public Transit
Zoning: R7
Financial
Tax Information
Annual Tax Amount: $6,044
Tax Year: 2017
Utilities
Utility Information
Has Heating
Heating: Steam, Radiator
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities On: No
Water Source: Public
Water Heater: Gas, Other Water Heater, Tank
Location
Location Information
Unparsed Address: 52 Myrtle Street, Portland, ME 04101
Directions: Cumberland Avenue to Myrtle to #52 on the left
Public facts
Beds: —
Baths: —
Sq. Ft.: 6,976
Stories: —
Lot Size: 2,178 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1915
Year Renovated: —
County: Cumberland County
APN: 111855
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)
31
18
33
18
44
30
52
39
63
49
74
58
79
64
76
61
71
56
61
46
50
36
36
22
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.