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About the Listing 1898 - 008752
Investor Opportunity on Munjoy Hill | Fully Leased 4-Unit Asset | 2 Buildings | Partial Casco Bay Views Rare opportunity to acquire a fully leased four-unit, two-building investment property in Portland's highly desirable Munjoy Hill neighborhood. Situated on a single lot with partial Casco Bay views from every unit, this 10-bedroom, 3,000+ SF property offers stable in-place income, strong tenant demand, and long-term upside in one of the city's most sought-after locations. All four units are leased at full market rates, providing immediate cash flow. The property has been owned and thoughtfully improved over the past 19 years, with major capital upgrades that enhance value and reduce near-term expense exposure, including new roofs on both buildings, updated kitchens and baths, casement windows, heating improvements, fresh paint, and newer carpeting. The unit mix is highly rentable and offers broad appeal. The two lower units each feature 2BR/1BA layouts above grade plus finished basement space ideal for an additional bedroom, office, family room, or bonus area. The two upper units offer bright 2BR/1BA layouts with strong natural light and bay-view outlooks. Three of the four units include in-unit laundry, with potential to add laundry to the fourth unit. Outdoor amenities further support tenant demand, including private garden spaces for both buildings and balcony decks for the upper units. On-street parking is readily available on St. Lawrence and Fore Street plus one on-site space. Parking garages close-by provide space during snow bans. The location adds to the investment story, just minutes from the Eastern Prom, Downtown Portland, and the Roux Institute at Northeastern University. Munjoy Hill's walkable mix of cafés, restaurants, shops, waterfront access, and park land continues to support strong rental demand and long-term appreciation. A stabilized, turnkey multi-unit property with views, meaningful upgrades and full market-rate occupancy.
Listing Highlights
Status
Active
Days on Site
36
Property Type
Multi-Family
MLS ®
1651128
Year Built
1983
Total Square Footage
3,304
Lot/Acreage
0.07
Interior Details
- Bedrooms: 0
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Direct Vent Heater,Baseboard
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft: 2604
- Below Ground Sq Ft: 700
- Basement: Interior,Walk-Out Access,Brick/Mortar,Finished,Full
- Other: 1st Floor Bedroom,Bathtub,Shower,Storage
- Water: Public
Exterior Details
- Lot Description: Well Landscaped,Open,Level,Sidewalks,Intown,Near Public Beach,Near Shopping,Near Turnpike/Interstate,Neighborhood,Near Public Transit
- Garage Capacity: N/A
- Zoning: RN-4
- Roof: Shingle
- Others:
- Sewer: Public Sewer
- Parking Features: 1 - 4 Spaces,Paved,On Site,On Street
Financial Details
- Tax Amount: $14,027
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 25
Payment Calculator
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Questions About..
6 - 8 Saint Lawrence St Portland, ME 04101
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