Exceptional investment opportunity in Portland's highly desirable Deering Center/Rosemont neighborhood. This well-maintained multi-family property features three established units plus fully finished space with strong potential for a fourth unit (buyer to verify approvals and permitted use with city). Owner occupied since 2007, and the units are currently exempt from the rent increase limits imposed by the City of Portland for 3-4 unit buildings. the property offers a rare combination of off-street parking, a garage and a spacious backyard, providing added convenience and outdoor enjoyment for tenants and owners alike. Ideally situated within walking distance to the University of New England (UNE), the University of Southern Maine (USM), Rosemont Market, neighborhood shops, restaurants and everyday amenities. Outdoor enthusiasts will appreciate easy access to Evergreen Woods and its extensive network of approximately four miles on scenic walking and hiking trails. Whether you are an owner-occupant seeking supplemental income or an investor looking to expand your portfolio in one of Portland's most sought-after neighborhoods, this property offers outstanding versatility location and future upside.

Broker for this Listing:

Tony Galli &

Karla Galli- Mulkern

tony@greaterportlandrealty.com

karla@greaterportlandrealty.com

268 Concord Street W

Portland, ME 04103

$917,500 | MLS #1669373 | Active (New Listing)
Listed by: Greater Portland Realty
Source: Maine Listings

Property Type
Multi-Family (3 units) | Year Built: 1879 | Zoning: RN-3 | Exterior Color: Gray/White | 3 stories

Dimensions
Finished Living Area: 3,688 sq ft (all above grade) | Lot Size: 0.22 acres | List Price per sq ft: $248.78

Unit Mix
3 units: one 1-bedroom and two 2-bedroom (5 bedrooms and 3 full baths total). Owner-occupied since 2007. Units currently exempt from the City of Portland's rent-increase limits for 3-4 unit buildings. Fully finished additional space with potential for a fourth unit (buyer to verify approvals and permitted use with the city).

Unit 1 (First floor): 2 BR / 1 BA, 4 rooms, $1,850/mo
Unit 2 (Second floor): 2 BR / 1 BA, 4 rooms, rent not specified in MLS detail
Unit 3 (Third floor): 1 BR / 1 BA, 3 rooms, $1,350/mo

Income & Expenses (per MLS)
Gross Income: $55,200 | Operating Expenses: $16,000 | Net Operating Income: $39,200 (derived) | Implied cap rate approx. 4.3% (derived, NOI / list price).

Interior Features & Systems
Separate electric meters per unit (circuit breakers). Heat System: Baseboard and Direct Vent Furnace. Heat Fuel: Natural Gas. Water Heaters: Gas / Off Heating System / Oil, tank. Cooling: None. Flooring: Carpet, Tile, Wood. Basement: Full, Unfinished (interior entry). Range and refrigerator in each unit.

Lot & Exterior Features
0.22 acre lot, open with sidewalks. Off-street parking plus on-street; paved driveway (1 to 4 spaces). 1-car attached garage. Spacious fenced backyard. Deck and patio. Wood frame construction with vinyl and wood siding. Foundation: Brick/Mortar. Roof: Shingle. Roads: Paved, Public. Major road access and public transport access. No water frontage or water view. Restriction noted: no dogs allowed.

Location
Portland, Cumberland County. Deering Center / Rosemont neighborhood. Walkable to the University of New England (UNE), University of Southern Maine (USM), Rosemont Market, and neighborhood shops and restaurants. Easy access to Evergreen Woods and roughly four miles of walking and hiking trails.

Utilities
Water: Public. Sewer: Public Sewer. Gas: Natural, at street. Electric: Circuit Breakers (separate unit meters).

Quick Summary
Property Type: Multi-Family (3 units)
Price: $917,500
Living Area: 3,688 sq ft
Lot Size: 0.22 acres
Unit Mix: 1x 1BR + 2x 2BR (5 BR / 3 BA total)
Gross Income: $55,200
Operating Expenses: $16,000
Garage: 1-car attached
Year Built: 1879
Heating: Natural gas (baseboard, direct vent furnace)
Water / Sewer: Public / Public
Taxes (2025): $10,669
Zoning: RN-3
MLS #: 1669373