Pending

176-178 Massachusetts Avenue

Portland ME, 04102

$649,000


Pending

2 Baths

1,690 sqft

Multi-family

Built in 1921

Courtesy of Legacy Properties Sotheby's International Realty

This charming two-family home is a fantastic opportunity for both homeowners and investors. Each unit has its own utilities, ensuring easy management and billing. The property offers flexible living arrangements, ideal for owner-occupants who want to live in one unit and rent out the other. It boasts a strong short-term Airbnb rental history with impressive returns, as well as an excellent long-term rental history - a great way to offset mortgage costs. The first floor features a cozy 1-bedroom unit, perfect for rental income or comfortable living. On the upper floors you will find a cheerful owner's unit featuring two levels of living space, two bedrooms (with potential for a third), an updated bathroom and kitchen, and a delightful sun porch. The house is filled with natural light and timeless period charm. The property boasts a charming backyard with a patio, ideal for outdoor enjoyment and privacy. It is situated in a highly desirable neighborhood, offering convenient access to the University of Southern Maine and Maine Law's campuses, as well as Portland's shops and restaurants. Additionally, it is just minutes from Doherty Field and the popular outdoor Kiwanis Pool. This exceptional two-family property offers the perfect blend of comfort, convenience, and investment potential. Rental history and expenses are available upon request for potential rental income. It's a rare find in a desirable area, making it a must-see for anyone looking to invest in real estate or find a new place to call home. Open House: Sunday, 8/11 11am-1pm.

1599927

MLS ID

August 9, 2024

Listed

September 13, 2024

Updated

Map

176-178 Massachusetts Avenue
Portland ME, 04102

Interior Features

Total Stories

3


Total Bathrooms

2


Full Bathrooms

2


Interior Features

1 st Floor Bedroom, Bathtub, One-Floor Living, Other, Pantry, Storage


Laundry Description

Washer Hookup


Floor Description

Wood, Tile, Laminate, Carpet


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Steam, Hot Water, Direct Vent Heater

Exterior/Building Features

Lot Size

0.11 Acres


Lot Features

Level, Open Lot, Sidewalks, Intown, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Public Transit, Near Railroad


Architectual Style

New Englander


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Taxes

$6,634


Tax Frequency

Annually


Garage

Yes


Garage Spaces

2


Parking

1 - 4 Spaces, Paved, Common, Detached, Off Street, Storage


View

No


County

Cumberland


Water Source

Public


Pool

No


Zoning

R5

Listing History

Date

Event

Price

8/12/2024

Pending

Listing Contact: 207-596-4050

Courtesy of  Legacy Properties Sotheby's International Realty

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2024 Maine Real Estate Information System, Inc. All Rights Reserved. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Lifestyle Properties shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 1:29 PM UTC, 9/13/2024

 

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