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About the Listing 2384 - 015305,023300
Fantastic investment opportunity—a three-unit multifamily property at 7 Cherry Street—offers strong rental potential in one of Maine's most desirable and consistently growing markets. Located just minutes from downtown, the Old Port, restaurants, amenities, and major commuter routes, this property attracts high-quality tenants and ensures steady demand year-round. With functional layouts and a solid rental history, this building is an ideal addition to any investor's portfolio or a great first acquisition for someone entering the Portland multifamily market, checking all the boxes whether you seek stable cash flow, long-term appreciation, or a value-add opportunity.
Listing Highlights
Status
Active
Days on Site
13
Property Type
Multi-Family
MLS ®
1644239
Year Built
1875
Total Square Footage
2,923
Lot/Acreage
0.18
County
Cumberland
Interior Details
- Bedrooms: 0
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating: Hot Water,Direct Vent Heater,Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2923
- Below Ground Sq Ft: 0
- Basement: Walk-Out Access,Full,Exterior Only,Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Level,Sidewalks,Intown,Near Turnpike/Interstate,Near Public Transit
- Garage Capacity: N/A
- Zoning: R6
- Roof: Shingle
- Others:
- Sewer: Public Sewer
- Parking Features: 5 - 10 Spaces,Paved
Financial Details
- Tax Amount: $8,536
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
7 Cherry St Portland, ME 04102
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