Charming 2 unit Investment Property with positive cash flow!! Each unit boasts original hardwood floors, multiple bedrooms and its own laundry room. Don't miss this amazing opportunity to own a piece of Portland!
Multi-familyProperty Type
1902Year Built
4,791 sq ftLot Size
$189Est. Price/Sq.Ft.
1 spaceParking
Listed by Jeffrey Mateja• Keller Williams Realty
Listed by Katherine Azimi• Keller Williams Realty
Bought with Nicholas Clark• Portside Real Estate Group
Bought with Brent Sawyer• Portside Real Estate Group
*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
9
Baths
3
Stories
3
Lot width
—
Lot depth
—
Lot size
4,792 Sq. Ft.
Year renovated
—
Sq. Ft.
4,580
Year built
1902
Style
Multi-Family (2-4 Unit)
County
Cumberland County
APN
114025
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
Dec 20, 2025 • Final
Excavation permit - utility pole installation
Grading
Apr 17, 2025 • Final
Excavation permit - utility pole installation
Grading
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: 1 - 4 Spaces, Common
Interior
Bathroom Information
# of Baths (Full): 2
Basement Information
Basement Entry: Interior, Walk-Out Access, Full
Interior Features
Flooring: Wood, Tile, Laminate, Carpet
Laundry Information
Laundry Features: Washer Hookup
Multi-Unit Information
# of Units Total: 2
# of 4 Bedroom Units: 2
Operating Expense: $23,292.54
Gross Income: $72,000
Unit 1 Information
# of Bedrooms: 5
Actual Rent: $3,500
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 2 Information
# of Bedrooms: 4
Actual Rent: $2,500
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes
Exterior
Building Information
Construction Materials: Vinyl Siding, Wood Frame
Roof: Shingle
Total Building Area (Sq. Ft.): 4,874
Property Information
Year Built: 1902
Above-Grade Finished Area (Sq. Ft.): 4,874
Levels: Multi-Level
Lot Information
Lot Size (Sq. Ft.): $4,791.60
Lot Size (Acres): 0.11
Lot Size Source: Public Records
Lot Features: Sidewalks, Intown, Neighborhood
Zoning: R-6
Financial
Tax Information
Annual Tax Amount: $6,648
Tax Year: 2020
Utilities
Utility Information
Has Heating
Heating: Steam, Radiator, Baseboard
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities: Utilities On
Utilities On: Yes
Water Source: Public
Water Heater: Off Heating System
Location
HOA Information
Pets Allowed: No Restrictions
Location Information
Unparsed Address: 62-64 Sherman Street, Portland, ME 04101
Public facts
Beds: 9
Baths: 3.0
Sq. Ft.: 4,580
Stories: 3.0
Lot Size: 4,792 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1902
Year Renovated: —
County: Cumberland County
APN: 114025
Home facts updated by county records on Jul 27, 2026
Around this home
Schools
Howard C Reiche Community School
Public PreK-5 • Assigned • 0.4mi
3/10
Deering High School
Public 9-12 • Assigned • 1.8mi
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 88° expected this year, 18 days in 30 years
6/10 Wind Factor
64% 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
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.
8.5 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$878,000 – $1.06M
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