115 Clark St, Portland, ME 04102

$1,099,000
3
BA
2,784
SqFt

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Listing courtesy of Signature Homes Real Estate Group, LLC.

List Price
$1,099,000
MLS#
1685200
Status
ACTIVE
Type
Multifamily
City
Portland
County
Cumberland
Bathrooms
3
Living Area
2,784
Lot Size
3,049
Year Built
1884

Property Description

SELLER FINANCING AVAILABLE! An exceptional opportunity to own a beautifully maintained, income-producing three-unit property in Portland's highly desirable West End. Whether you're an investor looking for an established rental property or a future owner-occupant seeking the benefits of rental income, 115 Clark Street offers a rare combination of location, quality, and flexibility. Pride of ownership is evident throughout, with thoughtfully updated interiors, inviting living spaces, and three distinctive residences that offer character, comfort, and functionality. The property is fully occupied with established tenants, generating $91,500 in current annual rental income. Each residence offers its own appeal, including two units with loft spaces, a furnished apartment, and two outdoor decks. Five off-street parking spaces are a standout advantage in this sought-after neighborhood, complemented by shared on-site laundry and a convenient location just moments from the restaurants, coffee shops, galleries, and vibrant cultural scene that make Portland's West End so desirable. For investors, the property offers established income, documented operating expenses, and potential rental upside. For buyers dreaming of living in Portland while building equity, the three-unit configuration presents an appealing future owner-occupancy opportunity, subject to existing tenancy arrangements. Opportunities combining this level of care, an exceptional West End location, five off-street parking spaces, and available seller financing don't come along every day. Live in it, invest in it, or make it part of your long-term portfolio. 115 Clark Street is ready for its next chapter.

Additional Information

Living Area
2,784
Electric
Circuit Breakers
Water
Public
Basement
Bulkhead, Interior Entry, Sump Pump, Unfinished
Cooling
None
Year Built
1884
Acres
0.07
Roof
Shingle
Style
Other
Courtesy Of Listing Office
Signature Homes Real Estate Group, LLC

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