605 Washington Avenue

Portland, ME 04103
Baths
2
Square Ft.
2,612
$725,000
Check out this amazing investment opportunity on Portland's Washington Ave offering two spacious 4-bedroom/1-bath units. Each 1,000+ square foot apartment contains large bedrooms, flexible living/dining layouts, and classic period details ready for your finishing touch. A full walk-up attic, served by two existing staircases, presents excellent potential for an additional unit or expanded living space (buyer to verify with the City of Portland). The full basement is perfect for storage and utilities and has blown insulation, two newer natural gas wall hung boilers, and washer/dryer hookups. The garage is in fair condition and currently provides convenient extra storage for tenants or the property owner. Lots of off street parking can be found outside on the nearly completely fenced in lot. This in-town location close to restaurants, coffee, transit, and parks makes for a strong addition to any investors portfolio or a great setup for enjoyable owner occupancy. Tenants will appreciate a convenient bus stop outside of the Washington Avenue entrance. Solid bones, big bedrooms, and an uncommon upside with the attic space. Bring your vision and add value in one of Portland's most convenient corridors.
Market LogoCourtesy of Maine Real Estate Co 800-971-8860
Listing Snapshot
Days Online
33
Last Updated
Full Baths
2
Square Ft.
2,612
Lot Size
0.16 Acres
Year Built
1905
MLS Number
1635440
Additional Details
Property Access
Road Surface Type: "Paved"
Basement
Basement: "Brick/Mortar", "Full", "Bulkhead", "Unfinished"
Building
Architectural Style: "New Englander", Building Area Total: 2,612, Construction Materials: "Vinyl Siding", "Aluminum Siding", "Wood Frame", Number Of Units Total: 2, Year Built: 1905
Cooling
Cooling: "None"
Expenses
Operating Expense: $9,147
Exterior Features
Patio And Porch Features: "Deck", "Porch", Patio And Porch Features: "Deck", "Porch"
Fence
Fencing: "Fenced"
Floors
Flooring: "Laminate", "Carpet"
Foundation
Foundation Details: "Brick/Mortar"
Garage
Garage Included, 2 garage spaces
Heating
Heating: "Hot Water", Heating Included
Income
Gross Income: $72,000
Interior Features
Features: "Bathtub", "Shower"
Laundry
Features: "Washer Hookup"
Lot
Features: "Corner Lot", "Level", "Sidewalks", "Near Shopping", "Near Turnpike/Interstate", "Near Town", "Near Public Transit", 0.16 acres, Area: 0.16, 6,970 square feet
Parking
Features: "5 - 10 Spaces", "Gravel", "Detached", "Off Street"
Property
Parcel Number: PTLD-000428-L000001-000001, Zoning: RN3
Roof
Roof: "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $7,522, Tax Lot: 1
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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SOurce: Home Junction
Monthly Payment
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30 Days Snapshot Of 04103
$620k
-11%
(avg) sold price
26
0%
homes sold
21
-16%
(avg) days on market
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Fred Andrews
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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.