Portland Multi Family Homes for Sale

A multi-family home is a residential property that contains two or more separate living units within one building. In Portland, ME, these can range from duplexes and triplexes to larger apartment-style buildings. Each unit typically has its own kitchen, bathroom, and living space.

Multi-family homes are popular because they offer both housing and investment opportunities. Portland’s growing rental market makes these properties attractive for buyers who want to live in one unit and rent out the others, helping offset mortgage costs.

• Rental Income: Generate passive income by renting out additional units.

• Affordability: Rental income can reduce your effective housing costs.

• Investment Growth: Portland’s housing market has shown steady appreciation.

• Flexibility: You can live in one unit and rent the others, or rent out all units.

Yes. Financing depends on the number of units:

• 2–4 units: Often qualify for conventional residential loans, FHA loans, or VA loans (if eligible).

• 5+ units: Typically require commercial real estate loans.

• Location: Proximity to downtown, universities, and major employers.

• Condition of the property: Older homes may require more maintenance.

• Zoning and regulations: Portland has local zoning rules and rental regulations that buyers should review.

• Tenant demand: High rental demand in certain neighborhoods ensures steady occupancy.