438-440 St. John Street

Portland, ME 04102
Baths
3
Square Ft.
3,610
$860,000
Located in the Oakdale section of Portland, Maine, this three-unit property offers a single family home and a duplex on the same lot. 438-440 St John St presents a strong investment opportunity with immediate income. Each unit offers a three-bedroom layout, appealing to a wide range of tenants and supporting consistent demand. The building boasts a solid rental history and is currently fully occupied, providing reliable cash flow from day one. Tenants enjoy comfortable, practical living spaces, and valuable off-street parking - a highly desirable amenity in Portland. Residents benefit from easy access to USM, Hadlock Field, The Expo, Deering Oaks Park, local shops, dining, and transportation options. The property has been well cared for over the years, with an opportunity for the next owner to add value through exterior paint and minor repairs. Whether you're expanding your portfolio or seeking a turnkey multi-family investment with upside potential, this property delivers stability, location, and long-term value. Showings by appointment only, please reach out for additional information.
Market LogoCourtesy of Coldwell Banker Realty 207-282-5988
Listing Snapshot
Days Online
14
Last Updated
Full Baths
3
Square Ft.
3,610
Lot Size
0.12 Acres
Year Built
1900
MLS Number
1661478
Additional Details
Property
Zoning: R5, Parcel Number: PTLD-000066-F000014-000001
Roof
Roof: "Shingle"
Basement
Basement: "Interior", "Unfinished"
Building
Architectural Style: "Other", Building Area Total: 3,610, Construction Materials: "Wood Frame", "Wood Siding", Number Of Units Total: 3, Year Built: 1900
Cooling
Cooling: "None"
Expenses
Operating Expense: $23,381
Floors
Flooring: "Hardwood", "Laminate", "Tile"
Heating
Heating: "Oil", "Hot Water", Heating Included
Income
Gross Income: $76,992
Lot
Features: "Level", "Sidewalks", "Intown", 0.12 acres, Area: 0.12, 5,227 square feet
Parking
Features: "Paved", "Common", "5 - 10 Spaces"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $9,829, Tax Lot: 14
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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30 Days Snapshot Of 04102
$646k
+33%
(avg) sold price
14
+16%
homes sold
27
+8%
(avg) days on market
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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.