Nestled on a quiet street near the Portland Trails, 67 University St offers an incredible investment opportunity. This charming 3-unit property is ideal for owner-occupied living, potential condo conversion or expansion, or as a valuable addition to your portfolio. The building features two spacious 2-bedroom, 1.5-bath units, and a cozy 1-bedroom, 1-bath unit. Each unit has separate propane tanks and individually metered electricity, ensuring convenience and efficiency. Adding to its appeal, the property comes with an approved grant from Efficiency Maine to install separate heat pumps for each unit, enhancing energy efficiency and comfort for residents. Each unit enjoys its own private patio, perfect for relaxing and enjoying the natural surroundings. Don't miss the chance to see it for yourself and explore its amazing potential!
Multi-familyProperty Type
1986Year Built
8,712 sq ftLot Size
$301Est. Price/Sq.Ft.
5 spacesParking
Listed by Douglas {Doug} Schauf Jr.• RE/MAX Oceanside
Bought with Ezra Koch• Keller Williams Realty
Bought with Melissa Richter• Keller Williams Realty
Price reduced! Plus a brand new roof. This is an incredible value. Gorgeous 2Br townhouse style units complete w/ full finished basements, 1.5 baths each & decks overlooking pvt wooded back yard. Laundry hk ups & plenty of parking make these units easy to rent or ideal to owner occupy. The 3rd unit is a modern ranch style 1BR w/ pvt patio. Very well maintained inside & out. Ideal investment property w/ plenty of cash flow or owner occupy and have a great affordable place to call home plus a stead income source.
MREIS #1158340
Mar 5, 2015
Listed
$439,000
$155/sq ft
Year
Property tax
Land + Additions
Assessment*
2024
$6,661 (+4.2%)
$64,200 + $379,600
$443,800
2023
$6,395 (+5.9%)
$64,200 + $379,600
$443,800
2022
$6,040 (+4.8%)
$64,200 + $379,600
$443,800
2021
$5,765 (−1.0%)
$64,200 + $379,600
$443,800
2020
$5,821
$64,200 + $185,500
$249,700
2019
$5,821 (+3.7%)
$64,200 + $185,500
$249,700
2018
$5,613 (+3.8%)
$64,200 + $185,500
$249,700
2017
$5,406 (+2.6%)
$64,200 + $185,500
$249,700
2016
$5,271 (+2.3%)
$64,200 + $185,500
$249,700
2015
$5,151 (+3.1%)
$64,200 + $185,500
$249,700
2014
$4,994
$64,200 + $185,500
$249,700
Tax history for 67 University St
Year
Property tax
Land + Additions
Assessment*
2024
$6,661 (+4.2%)
$64,200 + $379,600
$443,800
2023
$6,395 (+5.9%)
$64,200 + $379,600
$443,800
2022
$6,040 (+4.8%)
$64,200 + $379,600
$443,800
2021
$5,765 (−1.0%)
$64,200 + $379,600
$443,800
2020
$5,821
$64,200 + $185,500
$249,700
2019
$5,821 (+3.7%)
$64,200 + $185,500
$249,700
2018
$5,613 (+3.8%)
$64,200 + $185,500
$249,700
2017
$5,406 (+2.6%)
$64,200 + $185,500
$249,700
2016
$5,271 (+2.3%)
$64,200 + $185,500
$249,700
2015
$5,151 (+3.1%)
$64,200 + $185,500
$249,700
2014
$4,994
$64,200 + $185,500
$249,700
*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
5
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
9,148 Sq. Ft.
Year renovated
—
Sq. Ft.
2,352
Year built
1986
Style
Multi-Family (2-4 Unit)
County
Cumberland County
APN
121095
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
R5
Residential
To provide appropriate areas of the city for medium-density residential development characterized by singlefamily, two-family and low-intensity multifamily dwellings on individual lots; to ensure the stability of established medium-density neighborhoods by controlling residential conversions; and to provide for planned residential unit development on substantially-sized parcels.
Property details
Parking
Parking Information
Parking Features: 5 - 10 Spaces, Paved, On Site, Off Street, On Street
Interior
Bathroom Information
# of Baths (1/2): 2
# of Baths (Full): 3
Basement Information
Basement Entry: Interior, Full, Unfinished
Interior Features
Flooring: Tile, Laminate, Carpet
Multi-Unit Information
# of Units Total: 3
# of 1 Bedroom Units: 1
# of 2 Bedroom Units: 2
Operating Expense: $9,675
Gross Income: $63,840
Unit 1 Information
# of Bedrooms: 2
Actual Rent: $2,000
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 2 Information
# of Bedrooms: 1
Actual Rent: $1,300
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 3 Information
# of Bedrooms: 2
Actual Rent: $2,020
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Level: First
Refrigerator: Yes
Sewer: Yes
Water: No
Exterior
Building Information
Construction Materials: Vinyl Siding, Wood Frame
Foundation Details: Concrete Perimeter
Roof: Shingle
Total Building Area (Sq. Ft.): 2,829
Property Information
Year Built: 1986
Above-Grade Finished Area (Sq. Ft.): 2,361
Below-Grade Finished Area (Sq. Ft.): 468
Levels: Multi-Level
Lot Information
Lot Size (Sq. Ft.): $8,712
Lot Size (Acres): 0.2
Lot Size Source: Public Records
Lot Features: Well Landscaped, Level, Wooded, Near Shopping, Near Town, Neighborhood
Road Surface Type: Paved
Zoning: Res
Financial
Tax Information
Annual Tax Amount: $6,395
Tax Year: 2024
Utilities
Utility Information
Has Heating
Heating: Direct Vent Heater
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities: Utilities On
Utilities On: Yes
Water Source: Public
Water Heater: Electric
Location
HOA Information
Pets Allowed: No Restrictions
Location Information
Unparsed Address: 67 University Street, Portland, ME 04103
Public facts
Beds: 5
Baths: 4.0
Sq. Ft.: 2,352
Stories: 2.0
Lot Size: 9,148 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1986
Year Renovated: —
County: Cumberland County
APN: 121095
Home facts updated by county records on Jul 27, 2026
Around this home
Schools
Gerald E Talbot Community School
Public PreK-5 • Assigned • 1.2mi
3/10
Lyman Moore Middle School
Public 6-8 • Assigned • 1.2mi
4/10
Casco Bay High School
Public 9-12 • Assigned • 0.7mi
5/10
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
60% 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 • 04103
Average low and high temperatures (°F)
30
16
33
15
44
28
53
37
64
48
76
57
80
64
78
58
72
54
62
43
49
33
35
20
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.4 hours in
June and 4.2 hours in December, placing it below the
U.S. average for solar exposure.
8.4 hrs
4.2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$810,000 – $980,000
Reach more buyers when you sell with Redfin. Save up to $8,521 in fees.3 minutes to get started.
Get a free, detailed breakdown of how we calculated your estimate.