OFF MARKET

Off Market Dec 2024 for $1.3M

—

•

6,672

sq ft

56 Federal St, Portland, ME 04101

About this home

Welcome to 56-58 Federal Street, ideally positioned between Portland's Munjoy Hill neighborhood and the Old Port area, right in the heart of the city's central business district. This six-unit property presents an exceptional investment opportunity in one of Portland's most coveted locations. Tenants cover their own heating and electricity expenses. The roof, featuring a durable rubber membrane, was replaced just five years ago, and a state-of-the-art on-demand hot water heater was installed in 2022. Imagine residing moments away from the Eastern Promenade, offering stunning vistas of Casco Bay, East End Beach, and a convenient boat launch, all seamlessly connected to the Eastern Trail. Nearby, within a half-mile radius, you'll find a vibrant array of neighborhood restaurants, cafes, music venues, and cultural hotspots. Maine Law School is located . 5 mile away and USM and UNE are within 2 miles. Enjoy easy access to an eclectic mix of breweries, boutiques, and eateries that define Portland's dynamic cultural scene. Embrace the lively pace of urban living and relish the myriad amenities of in-town life. Showing Time for group showings on 6/20 & 6/21 11:00 am-1:00 pm. Showings by appointment 10:00 am - 5:00 pm after 6/23.

Multi-familyProperty Type

1907Year Built

3,484 sq ftLot Size

$202Price/Sq.Ft.

Listed by Jaye Gorham • Portside Real Estate Group

Bought with Sean Pinette • Harborview Properties, Inc.

Redfin checked: a minute ago

•Source:MREIS #1593947

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 56 Federal St

Year

Property tax

Land + Additions

Assessment*

2024

$19,313 (+4.2%)

$199,700 + $1,087,000

$1,286,700

2023

$18,541 (+5.9%)

$199,700 + $1,087,000

$1,286,700

2022

$17,512 (+4.8%)

$199,700 + $1,087,000

$1,286,700

2021

$16,714 (+50.5%)

$199,700 + $1,087,000

$1,286,700

2020

$11,107

$64,800 + $411,700

$476,500

2019

$11,107 (+3.7%)

$64,800 + $411,700

$476,500

2018

$10,712 (+3.8%)

$64,800 + $411,700

$476,500

2017

$10,316 (+2.6%)

$64,800 + $411,700

$476,500

2016

$10,059 (+2.3%)

$64,800 + $411,700

$476,500

2015

$9,830 (+3.1%)

$64,800 + $411,700

$476,500

2014

$9,530

$64,800 + $411,700

$476,500

Tax history for 56 Federal St

Year

Property tax

Land + Additions

Assessment*

2024

$19,313 (+4.2%)

$199,700 + $1,087,000

$1,286,700

2023

$18,541 (+5.9%)

$199,700 + $1,087,000

$1,286,700

2022

$17,512 (+4.8%)

$199,700 + $1,087,000

$1,286,700

2021

$16,714 (+50.5%)

$199,700 + $1,087,000

$1,286,700

2020

$11,107

$64,800 + $411,700

$476,500

2019

$11,107 (+3.7%)

$64,800 + $411,700

$476,500

2018

$10,712 (+3.8%)

$64,800 + $411,700

$476,500

2017

$10,316 (+2.6%)

$64,800 + $411,700

$476,500

2016

$10,059 (+2.3%)

$64,800 + $411,700

$476,500

2015

$9,830 (+3.1%)

$64,800 + $411,700

$476,500

2014

$9,530

$64,800 + $411,700

$476,500

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

3,485 Sq. Ft.

Year renovated

—

Sq. Ft.

8,896

Year built

1915

Style

Multi-Family (5+ Unit)

County

Cumberland County

APN

111614

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 27, 2026.

Property details

Parking

Parking Information
Parking Features: No Parking, No Driveway

Interior

Bathroom Information
# of Baths (Full): 6

Basement Information
Basement Entry: Interior, Dirt Floor, Full, Unfinished

Interior Features
Interior Features: Walk-in Closets, 1st Floor Bedroom, Shower
Tankless Water Heater
Flooring: Wood, Tile, Laminate

Laundry Information
Laundry Features: Coin Laundry

Multi-Unit Information
# of Units Total: 6
# of 1 Bedroom Units: 1
# of 2 Bedroom Units: 3
# of 3 Bedroom Units: 2
Operating Expense: $30,543
Gross Income: $105,378

Unit 1 Information
# of Bedrooms: 2
Actual Rent: $1,287
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2 Information
# of Bedrooms: 3
Actual Rent: $1,410
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Level: Third
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3 Information
# of Bedrooms: 3
Actual Rent: $1,430
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Level: Third
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 4 Information
# of Bedrooms: 2
Actual Rent: $1,094.50
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 5 Information
# of Bedrooms: 2
Actual Rent: $1,760
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 6 Information
# of Bedrooms: 1
Actual Rent: $1,800
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes

Exterior

Building Information
Construction Materials: Vinyl Siding, Wood Frame
Foundation Details: Stone, Slab, Brick/Mortar
Roof: Membrane
Total Stories: 3
Total Building Area (Sq. Ft.): 6,672

Exterior Features
Patio & Porch Features: Deck
Fencing: Fenced

Property Information
Year Built: 1907
Above-Grade Finished Area (Sq. Ft.): 6,672
Levels: Multi-Level

Lot Information
Lot Size (Sq. Ft.): $3,484.80
Lot Size (Acres): 0.08
Lot Size Source: Public Records
Lot Features: Level, Sidewalks, Historic District, Intown, Near Public Beach, Near Shopping, Neighborhood, Near Public Transit
Road Surface Type: Paved
Zoning: IS-FBC

Financial

Tax Information
Annual Tax Amount: $18,541
Tax Year: 2023

Utilities

Utility Information
Has Heating
Heating: Heat Pump, Direct Vent Heater
Has Cooling
Cooling: Heat Pump
Electric: On Site, Circuit Breakers
Sewer: Public Sewer
Utilities: Utilities On
Utilities On: Yes
Water Source: Public
Water Heater: Gas, On Demand

Location

Location Information
Unparsed Address: 56 Federal Street, Portland, ME 04101
Directions: Franklin Arterial, left on Congress Street, right on India Street, first left is Federal Street.

Public facts

Beds: —
Baths: —
Sq. Ft.: 8,896
Stories: —
Lot Size: 3,485 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1915
Year Renovated: —
County: Cumberland County
APN: 111614

Home facts updated by county records on Jul 27, 2026

Around this home

Schools

East End Community School

Public PreK-5 • Assigned • 0.7mi

2/10

Lyman Moore Middle School

Public 6-8 • Assigned • 3.6mi

4/10

Deering High School

Public 9-12 • Assigned • 2.4mi

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

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?

Track this home’s value and nearby sales activity

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Home values near 56 Federal St

Data from public records.

Address	Redfin Estimate
50 Federal Street, Portland, ME 3 Beds \| 3 Baths \| 2610 Sq. Ft.	$1,356,253
46 Federal Street, Portland, ME 3 Beds \| 3 Baths \| 2420 Sq. Ft.	$1,260,739

Address	Redfin Estimate
66 Federal Street, Portland, ME 4 Beds \| 2 Baths \| 3054 Sq. Ft.	$712,322
40 Federal Street, Portland, ME 3 Beds \| 3 Baths \| 2420 Sq. Ft.	$1,250,560

Address	Redfin Estimate
52 Federal Street, Portland, ME 6 Beds \| 3.5 Baths \| 3846 Sq. Ft.	$1,280,067
44 Federal Street, Portland, ME 4 Beds \| 3 Baths \| 2420 Sq. Ft.	$1,440,117

Property information provided by MREIS when last listed in 2024. This data may not match . Learn more.

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