Active under contract

40 Leland Street

Portland ME, 04103

$1,050,000


Active under contract

5 Baths

4,670 sqft

Multi-family

Built in 1900

Courtesy of Coldwell Banker Realty

Located on a large corner lot in the sought-after Deering Center area of Portland, this well-maintained 4-family property offers a unique opportunity for investors or homeowners seeking rental income potential. Within walking distance of Longfellow Elementary, Lincoln Middle School, and Deering High School, this property is perfectly positioned for convenience and community access.

Property Highlights:
* Large Corner Lot with ample outdoor space, offering privacy or additional landscaping.
* Separate Utilities: Each unit has its own electric meter, oil supply, heating system, and hot water heater, providing tenants with individual control over their utilities.
* Washer & Dryer Hookups for all units in the basement, making laundry a breeze for all residents.

Unit Details:
* Carriage House Unit: This charming, private unit features its own separate entrance and includes 3 bedrooms, 1.5 baths, and a cozy wood-burning fireplace, perfect for comfortable living.
* First Floor Unit: Versatile and adaptable, this unit can function as either a 2-bedroom or 3-bedroom, providing options to suit your needs.
* Second & Third Floor Units: Each unit offers 2 bedrooms, 1 bath, with spacious layouts and abundant natural light.

This property offers the best of both worlds with the potential for multi-family living or rental income, all within a vibrant Portland neighborhood. With its proximity to schools, parks, and local amenities, it's a fantastic investment in a prime location. Don't miss this opportunity to own a piece of Deering Center's growing community!

Note: One unit is owner occupied with 2 additional units occupied by owner's family hence the rent numbers.

1610574

MLS ID

December 3, 2024

Listed

December 13, 2024

Updated

Map

40 Leland Street
Portland ME, 04103

Interior Features

Total Stories

3


Total Bathrooms

5


Full Bathrooms

4


Half Bathrooms

1


Floor Description

Wood, Other


Fireplace

Yes


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Steam, Radiator, Hot Water, Baseboard

Exterior/Building Features

Lot Size

0.28 Acres


Lot Features

Corner Lot, Neighborhood


Architectual Style

Victorian


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Taxes

$12,215


Tax Frequency

Annually


Garage

No


Parking

5 - 10 Spaces, Paved, Common, Off Street


View

No


County

Cumberland


Water Source

Public


Pool

No


Zoning

R5

Listing History

Date

Event

Price

12/13/2024

Under contract

Listing Contact: 207-773-1990

Courtesy of  Coldwell Banker 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 8:30 PM UTC, 12/13/2024

 

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