160 Washington AVE Active Save Request In-Person Tour Request Virtual Tour
Portland,ME 04101
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 4,732 sqft
Price per Sqft $315
Subdivision Munjoy Hill
MLS Listing ID 1622196
Style Other,Colonial
Full Baths 5
Year Built 1985
Annual Tax Amount $11,167
Tax Year 2024
Lot Size 6,534 Sqft
Property Description
Turnkey 5-Unit Investment in Prime Munjoy Hill Location! Seasoned investors know the value of location, layout, and low-maintenance assets—this property checks all the boxes. Situated at the base of Munjoy Hill, one of Portland's most desirable and appreciating neighborhoods, this well-maintained five-unit building offers a solid, income-generating opportunity. All five units are two-bedrooms, a consistently high-demand layout that attracts long-term tenants. Interiors are efficiently designed, with spacious living areas, functional kitchens, and ample natural light—units that rent easily and retain well.
The building has been well cared for, minimizing deferred maintenance and immediate capex needs. Off-street parking adds a competitive edge in this urban market, boosting tenant satisfaction and retention. The location is a key asset: walkable to local dining, coffee shops, artisan retail, and the Eastern Promenade. Public transportation access and proximity to downtown further broaden the tenant pool. This is an ideal opportunity for investors looking to expand or diversify with a plug-and-play multifamily in a high-demand submarket. Whether you're growing a portfolio or executing a 1031 exchange, this Munjoy Hill asset delivers dependable performance and long-term upside.
Location
State ME
County Cumberland
Zoning B2B
Interior
Heating Zoned,Hot Water,Forced Air,Baseboard
Cooling None
Flooring Vinyl,Laminate,Carpet
Equipment Internet Access Available,Cable
Laundry Laundry - Coin
Exterior
Parking Features 5 - 10 Spaces,Paved,Common,Off Street
Utilities Available 1
View Y/N No
Roof Type Composition,Pitched,Shingle
Building
Lot Description Rolling/Sloping,Open,Intown,Near Public Beach,Near Shopping,Near Public Transit
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Wood Frame
Schools
School District Portland Public Schools