Located just a block away from Merrill Auditorium, and walkable to all of Downtown, the Old Port, waterfront, Bayside, this downtown 5-unit income property with great monthly rents features updated systems, newer roof and replacement windows, plus recent cosmetic work. Listed rents reflect most recent rents to date. Leased parking located nearby is available, ask the broker for details.
Multi-familyProperty Type
1915Year Built
2,178 sq ftLot Size
$162Price/Sq.Ft.
Listed by Briton Vitalius• Vitalius Real Estate Group, LLC
Listed by Christopher Sullivan• Vitalius Real Estate Group, LLC
Bought with Heather Mayer• Portside Real Estate Group
Step right into a great cash flow! Fully occupied non-smoking In-town 5-unit located 1-block from Merrill Auditorium. Seller has done work on each unit over the last 8 years. Gross Revenue $79,200 and expenses are $28,383. New roof in 2012
Year
Property tax
Land + Additions
Assessment*
2024
$9,809 (+4.2%)
$160,900 + $492,600
$653,500
2023
$9,417 (+5.9%)
$160,900 + $492,600
$653,500
2022
$8,894 (+4.8%)
$160,900 + $492,600
$653,500
2021
$8,489 (+13.2%)
$160,900 + $492,600
$653,500
2020
$7,499
$59,700 + $262,000
$321,700
2019
$7,499 (+3.7%)
$59,700 + $262,000
$321,700
2018
$7,232 (+3.8%)
$59,700 + $262,000
$321,700
2017
$6,965 (+2.6%)
$59,700 + $262,000
$321,700
2016
$6,791 (+2.3%)
$59,700 + $262,000
$321,700
2015
$6,637 (+3.2%)
$59,700 + $262,000
$321,700
2014
$6,434
$59,700 + $262,000
$321,700
Tax history for 53 Myrtle St
Year
Property tax
Land + Additions
Assessment*
2024
$9,809 (+4.2%)
$160,900 + $492,600
$653,500
2023
$9,417 (+5.9%)
$160,900 + $492,600
$653,500
2022
$8,894 (+4.8%)
$160,900 + $492,600
$653,500
2021
$8,489 (+13.2%)
$160,900 + $492,600
$653,500
2020
$7,499
$59,700 + $262,000
$321,700
2019
$7,499 (+3.7%)
$59,700 + $262,000
$321,700
2018
$7,232 (+3.8%)
$59,700 + $262,000
$321,700
2017
$6,965 (+2.6%)
$59,700 + $262,000
$321,700
2016
$6,791 (+2.3%)
$59,700 + $262,000
$321,700
2015
$6,637 (+3.2%)
$59,700 + $262,000
$321,700
2014
$6,434
$59,700 + $262,000
$321,700
*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
2,178 Sq. Ft.
Year renovated
—
Sq. Ft.
5,546
Year built
1915
Style
Multi-Family (5+ Unit)
County
Cumberland County
APN
111862
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
R6
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: No Parking, No Driveway
Interior
Bathroom Information
# of Baths (Full): 5
Basement Information
Basement Entry: Interior, Full
Interior Features
Flooring: Vinyl, Carpet
Multi-Unit Information
# of Units Total: 5
# of 2 Bedroom Units: 4
# of 4 Bedroom Units: 1
Operating Expense: $15,396
Gross Income: $124,800
Unit 1 Information
# of Bedrooms: 2
Actual Rent: $1,650
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 2 Information
# of Bedrooms: 2
Actual Rent: $2,100
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 3 Information
# of Bedrooms: 3
Actual Rent: $3,000
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Has Heat: Yes
Level: Third
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 4 Information
# of Bedrooms: 2
Actual Rent: $1,650
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Has Heat: Yes
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 5 Information
# of Bedrooms: 2
Actual Rent: $2,000
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Has Heat: Yes
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes
Exterior
Building Information
Construction Materials: Vinyl Siding, Wood Frame
Roof: Shingle
Total Building Area (Sq. Ft.): 5,546
Property Information
Year Built: 1915
Above-Grade Finished Area (Sq. Ft.): 5,546
Levels: Multi-Level
Lot Information
Lot Size (Sq. Ft.): $2,178
Lot Size (Acres): 0.05
Lot Size Source: Public Records
Lot Features: Level, Intown, Neighborhood
Road Surface Type: Paved
Zoning: R6
Financial
Tax Information
Annual Tax Amount: $7,499
Tax Year: 2020
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: Gas
Location
Location Information
Unparsed Address: 53 Myrtle Street, Portland, ME 04101
Public facts
Beds: —
Baths: —
Sq. Ft.: 5,546
Stories: —
Lot Size: 2,178 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1915
Year Renovated: —
County: Cumberland County
APN: 111862
Home facts updated by county records on Jul 27, 2026
Around this home
Schools
K - 12
Preschool & daycare
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
80
64
77
60
71
56
61
47
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.