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60 Mellen Street

Portland, ME 04101
Baths
5
Square Ft.
3,952
Pending
Multifamily
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$850,000
Charming Parkside 5-unit multi family is the perfect first investment, or newest addition to your portfolio. Truly a 'plug & play' income property, the big things have been done. A new roof in 2017 and a new gas boiler in 2023 means headache free management from day one. The updated units have lots of character and personality, and the location is walkable to the plethora of amenities in Parkside, the West End and Downtown, a key to attracting high quality tenants and minimizing turnover. OPEN SHOWINGS: Wed 7/30 from 12 - 1pm. Please register through ShowingTime.
Market LogoCourtesy of Vitalius Real Estate Group, LLC 207-541-3755
Listing Snapshot
Days Online
79
Last Updated
Full Baths
5
Square Ft.
3,952
Lot Size
0.11 Acres
Year Built
1910
MLS Number
1629972
Additional Details
Property Access
Road Surface Type: "Paved"
Basement
Basement: "Finished", "Full", "Partial", "Exterior Only"
Building
Architectural Style: "Other", Building Area Total: 3,952, Construction Materials: "Shingle Siding", "Wood Frame", Number Of Units Total: 5, Year Built: 1910
Cooling
Cooling: "None"
Expenses
Operating Expense: $37,265
Floors
Flooring: "Wood", "Laminate"
Foundation
Foundation Details: "Stone", "Brick/Mortar"
Heating
Heating: "Hot Water", "Baseboard", Heating Included
Income
Gross Income: $102,562
Lot
Features: "Sidewalks", "Intown", "Near Turnpike/Interstate", "Near Public Transit", 0.11 acres, Area: 0.11, 4,792 square feet
Parking
Features: "1 - 4 Spaces", "Gravel"
Property
Parcel Number: PTLD-000048-E000013-000001, Zoning: RN-4
Roof
Roof: "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $9,878, Tax Lot: E-13
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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Monthly Payment
$0
30 Days Snapshot Of 04101
$909k
-2%
(avg) sold price
13
-23%
homes sold
31
-84%
(avg) days on market
Snapshot
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Fred Andrews
Designated Broker | CEO
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Schools In The Area

Source: Home Junction
Check out nearby schools with ratings and contact info.
Howard C Reiche Community School 207-874-8175 Public PK-5
East End Community School 207-874-8228 Public PK-5
King Middle School 207-874-8140 Public 6-8
Deering High School 207-874-8260 Public 9-12
Howard C Reiche Community School 207-874-8175 Public PK-5
East End Community School 207-874-8228 Public PK-5
Howard C Reiche Community School 207-874-8175 Public PK-5
East End Community School 207-874-8228 Public PK-5
King Middle School 207-874-8140 Public 6-8
Deering High School 207-874-8260 Public 9-12
Casco Bay High School 207-874-8160 Public 9-12

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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.