Across from the famous Red's Dairy Freeze sits a charming red 3-unit multi-family. Each unit has 2 bedrooms and 1 bath, there is parking for each unit, plus a new heating system and new roof. The sunny third floor unit is currently vacant so that a buyer can move right in or lease it out as they please. The first and second floor offer spacious, double parlor layouts, and decks off the front. Just across the bridge from Portland, this location is just a few minutes from a variety of beaches, breweries, and bakeries! * * * If you're having a hard time finding a house in your budget, start with a multi-family! Did you know there is a new 5% down loan available to first time multi-family buyers? Ask your local lender for more info. * * *
Multi-familyProperty Type
1905Year Built
4,791 sq ftLot Size
$264Est. Price/Sq.Ft.
1 spaceParking
Listed by Briton Vitalius• Vitalius Real Estate Group, LLC
Listed by Christopher Sullivan• Vitalius Real Estate Group, LLC
Bought with Tiffany Libb Pamela Starnes• Signature Homes Real Estate Group, LLC
The charm of yesteryear and the potential of investment! This well-maintained multi-unit features three two-bedroom, one-bath units and parking for six cars!. First and second-floor units each have in unit laundry hook-ups and porchs, along with a fireplace, hardwood floors, and columns separating the living/dining space. Third floor unit has laundry hook up in the basement. Close to all South Portland amenities, low-maintenance lot, great for an investor or owner-occupied. Third floor unit is vacant.
Year
Property tax
Land + Additions
Assessment*
2024
$9,183 (+16.9%)
$242,600 + $453,100
$695,700
2023
$7,858 (+3.0%)
$172,900 + $382,800
$555,700
2022
$7,626 (+5.9%)
$146,300 + $343,800
$490,100
2021
$7,204 (+6.2%)
$146,300 + $343,800
$490,100
2020
$6,784 (+3.4%)
$124,600 + $218,900
$343,500
2019
$6,561 (+3.2%)
$124,600 + $218,900
$343,500
2018
$6,355 (+2.8%)
$124,600 + $218,900
$343,500
2017
$6,183 (+4.6%)
$124,600 + $218,900
$343,500
2016
$5,912 (+1.7%)
$115,100 + $218,900
$334,000
2015
$5,812 (+1.8%)
$115,100 + $218,900
$334,000
2014
$5,711 (+2.4%)
$115,100 + $218,900
$334,000
2013
$5,578
$115,100 + $218,900
$334,000
Tax history for 178 Cottage Rd
Year
Property tax
Land + Additions
Assessment*
2024
$9,183 (+16.9%)
$242,600 + $453,100
$695,700
2023
$7,858 (+3.0%)
$172,900 + $382,800
$555,700
2022
$7,626 (+5.9%)
$146,300 + $343,800
$490,100
2021
$7,204 (+6.2%)
$146,300 + $343,800
$490,100
2020
$6,784 (+3.4%)
$124,600 + $218,900
$343,500
2019
$6,561 (+3.2%)
$124,600 + $218,900
$343,500
2018
$6,355 (+2.8%)
$124,600 + $218,900
$343,500
2017
$6,183 (+4.6%)
$124,600 + $218,900
$343,500
2016
$5,912 (+1.7%)
$115,100 + $218,900
$334,000
2015
$5,812 (+1.8%)
$115,100 + $218,900
$334,000
2014
$5,711 (+2.4%)
$115,100 + $218,900
$334,000
2013
$5,578
$115,100 + $218,900
$334,000
*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
3
Stories
2
Lot width
—
Lot depth
—
Lot size
4,792 Sq. Ft.
Year renovated
—
Sq. Ft.
2,918
Year built
1905
Style
Multi-Family (2-4 Unit)
County
Cumberland County
APN
235596
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
A
Residential District
To provide residential areas within the City of South Portland of medium density in a manner which will promote a wholesome living environment. To this end residential development shall not exceed 4 du per net residential acre and may preferably occur in accordance with the provisions of Sec. 1501 et seq. of this Chapter.