Closed

571 Cumberland Avenue

Portland ME, 04101

$1,420,000


Closed

12 Baths

8,126 sqft

Multi-family

Built in 1884

Courtesy of Legacy Properties Sotheby's International Realty

12 unit investment opportunity in desirable downtown Portland location! 571 Cumberland Avenue is a professionally managed 12 unit building with four units per level in 11 studio and 1 one bedroom layouts. Units have high ceilings, large windows, steam radiators, and a mix of hardwood flooring and carpet. Built in 1884, this building maintains historic charm with updated features including a central fire alarm system, basement storage, coin-op laundry, upgraded electrical with separate meters, replacement windows, and 3-4 off-street parking spaces. Conveniently located near Maine Medical Center, the Historic West End neighborhood, Tandem Coffee and Bakery, Bramhall, and Hadlock Field.

1530655

MLS ID

March 16, 2024

Updated

Map

571 Cumberland Avenue
Portland ME, 04101

Interior Features

Bathrooms

12 Baths


Interior Features

Storage


Laundry Description

Laundry - Coin


Floor Description

Wood, Carpet


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Steam, Radiator

Exterior/Building Features

Lot Size

0.9 Acres


Lot Features

Corner Lot, Level, Sidewalks, Intown


Architectual Style

Multi-Level


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Taxes

$17,008


Tax Frequency

Annually


Garage

No


Parking

1 - 4 Spaces, Gravel, On Site


View

No


County

Cumberland


Water Source

Public


Pool

No


Zoning

R6


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

10/13/2023

Sold

$1,420,000

Listing Contact: 207-450-1529

Bought with Keller Williams Realty and Listed by 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 Linda MacDonald shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 2:23 AM UTC, 3/16/2024

 

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