52 Pine Street, Portland, ME 04102 - Spectrum Real Estate

$899,000

This beautifully updated 3-unit apartment building offers the opportunity to own a strong income-producing property in one of Portland's most desirable neighborhoods. This West End address offers immediate access to award-winning restaurants, boutiques, and downtown events—all just moments from your door. Tucked along a quiet, tree-lined street, the location blends neighborhood charm with urban convenience. Reserved off-street parking—three dedicated spaces—adds incredible value. Purchased in 2024 and thoughtfully renovated throughout, the building preserves its historic character while offering refreshed interiors. Each unit features refinished original hardwood floors (no more carpet!), updated kitchens with new countertops, cabinetry, and appliances—including sleek range hoods—plus freshly retiled bathrooms in two units with new vanities and custom shower glass. Every apartment and the shared hallway has been professionally painted, lending a fresh, cohesive look throughout. The basement includes a new washer and dryer for shared use, and the parking area has been regraded for easier access and improved drainage. Whether you're an investor looking for a turnkey rental in Portland's thriving market or an owner-occupant hoping to live in one unit while renting the others to offset your mortgage, this is a rare chance to own a piece of Portland's West End—where historic charm meets elevated,… Read MoreRead Less

Courtesy of Legacy Properties Sotheby's International Realty 207-780-8900

Listing Snapshot

Days Online

Last Updated

Jul 31, 2025

Full Baths

Square Ft.

2,695

Lot Size

0.05 Acres

Year Built

1875

MLS Number

1631269

Additional Details

Property Access

Road Surface Type: "Paved"

Basement

Basement: "Interior", "Full", "Unfinished"

Building

Architectural Style: "Other", "New Englander", "Victorian", Building Area Total: 2,695, Construction Materials: "Vinyl Siding", "Wood Frame", Number Of Units Total: 3, Year Built: 1875, 3 stories, 3 total stories

Cooling

Cooling: "None"

Expenses

Operating Expense: $15,476

Fireplaces

Building includes fireplace, 1 total fireplace

Floors

Flooring: "Wood", "Tile"

Foundation

Foundation Details: "Brick/Mortar"

Heating

Heating: "Radiator", "Radiant", Heating Included

Income

Gross Income: $79,200

Interior Features

Features: "1st Floor Bedroom", "Attic", "One-Floor Living", "Shower", "Storage"

Lot

Features: "Level", "Sidewalks", "Intown", "Near Golf Course", "Near Public Beach", "Near Shopping", "Near Turnpike/Interstate", "Near Town", "Neighborhood", "Retail Strip", "Near Public Transit", "Near Railroad", 0.05 acres, Area: 0.05, 2,178 square feet

Owner Pays

Owner Name: 52 Pine Street LLC

Parking

Features: "1 - 4 Spaces", "Common", "On Site", "Off Street"

Property

Parcel Number: PTLD-000056-C000024-000001, Zoning: B-1

Roof

Roof: "Shingle"

Sewer

Sewer: "Public Sewer"

Taxes

Annual Amount: $10,707, Tax Lot: 024

Utilities

Electric: "Circuit Breakers", Water Source: "Public"

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Selling price

Down payment

Term (years)

Interest rate (%)

Monthly Payment

30 Days Snapshot Of 04102

$827k

(avg) sold price

-9%

homes sold

+77%

(avg) days on market

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52 Pine Street

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