1 North Street

Portland, ME 04101

$2,450,000
Price
6
Beds
6
Baths
4,136 Sq. Ft.
$592 / Sq. Ft.
4,136
Sq. Ft.
$592
per Sq. Ft.
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Description

Outstanding is an understatement when describing this remarkable mixed use multi-unit offering. Located at the center of Portland's vibrant, eclectic and uber desirable Munjoy Hill/ East End, locations don't get better than this. Walk Score calls this a 'walker's paradise' with everything you want and need within blocks. Located in a B1 zone, the property is home to a mix of residential and commercial uses. The corner commercial unit is home to Belleville (BLVL), an acclaimed and thriving bakery...Outstanding is an understatement when describing this remarkable mixed use multi-unit offering. Located at the center of Portland's vibrant, eclectic and uber desirable Munjoy Hill/ East End, locations don't get better than this. Walk Score calls this a 'walker's paradise' with everything you want and need within blocks. Located in a B1 zone, the property is home to a mix of residential and commercial uses. The corner commercial unit is home to Belleville (BLVL), an acclaimed and thriving bakery and coffee shop. The 5 remaining units are condo-ready-quality and fully updated 1 bedroom, 1 bath residential apartments. Each unit is bathed in natural light and each looks out onto local landmarks (neighboring homes and the Portland Observatory), the city skyline and even toward the setting sun over Back Cove. Units enjoy separate utilities, super-efficient heat and hot water and each rent is at-market. Over the past decade the current owners have gone unit by unit to update everything from the foundation to the roof to create something outstanding. Just outside the door you are instantly in the heart of the East End and a short walk to inner Washington Ave, the Old Port, in-town, Portland Foreside, East End beach, Eastern Promenade and more. With NOI of $140K and a 5.6 CAP Rate this is not only a worry-free addition to the portfolio, it is highly profitable. Shown by appointment Monday through Friday between 10AM and 5PM with 24+ hours notice.

Property Details for 1 North Street

Waterfront
No
ArchitecturalStyle
Mansard
Garage Spaces
.00
Garage
No
Zoning
B1
Subdivision Name
Munjoy Hill
LISTING UPDATED: 09/18/2024 10:06 AM

Property Details for 1 North Street

StatusActive
MLS #1597248
Days on Market92
Taxes$16,144 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built1904
Lot Size0.07 AC / 3,049 SF
CountyCumberland County

Building Information for 1 North Street

Stories3Residences6Year Built1904Building Size-Lot Size0.07 AC / 3,049 SF

Property Information for 1 North Street

Summary
Location and General Information
  • Road Surface Type: Paved
  • Directions: Corner of North Street & Congress Street. Belleville Building / Across from Portland Observatory
  • Town: Portland
  • State/Province: ME
  • Zip Code: 04101
  • County: Cumberland
  • Geo Latitude: 43.665889
  • Geo Longitude: -70.248199
  • Tax Lot: 7
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Sidewalks: Yes
  • Site:Well Landscaped: Yes
  • Location:Business District: Yes
  • Location:Intown: Yes
  • Location:Near Country Club: Yes
  • Location:Near Golf Course: Yes
  • Location:Near Public Beach: Yes
  • Location:Near Railroad: Yes
  • Location:Near Shopping: Yes
  • Location:Near Town: Yes
  • Location:Near Turnpike/Interstate: Yes
  • Location:Neighborhood: Yes
  • Location:Rural: Yes
  • Transportation:Major Road Access: Yes
  • Transportation:Near Airport: Yes
  • Transportation:Public Transport Access: Yes
  • Transportation:Rail Available: Yes
  • Recreational Water:Nearby: Yes
  • Recreational Water:Public: Yes
Parking
  • Parking Features: 1 - 4 Spaces, Paved, On Site, Off Street
  • Attached Garage: No
Taxes and HOA Information
  • Tax Book Number: 33282
  • Tax Block: B
  • Tax Map Number: 14
  • Tax Year: 2024
  • Parcel Number: 1-5NorthStreetPortland04101
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $16,144.00
  • Restrictions:Other Restrictions: Yes
School Information
  • School District: Portland Public Schools
Property
Green Features
  • Energy Efficiency:Ceiling Fans: Yes
Heating and Cooling
  • Water Heater:Gas: Yes
  • Water Heater:Tank: Yes
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 4136.0
  • Lot Size Acres: 0.07
  • Source of Acreage: Public Records
  • Building Area Total: 4136.0
  • Lot Size Area: 0.07
  • Lot Size Units: Acres
  • Lot Size Square Feet: 3049.2
  • Bathrooms Full: 6
  • Bathrooms Half: 0
  • Street Number: 1
  • Property Information:Surveyed: Unknown
  • Property Information:Seasonal: No
  • Property Information:Owner Occupied: No
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed/Conveyance Type Offered: Warranty
  • Property Information:Deed: All
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Property Information:2 Detached Houses on 1 Lot: No
  • Property Information:Total Half Baths: .00
  • Property Information:Color: Gray
  • Property Information:Source of Road Frontage: Public Records
Parking
  • Driveway:Paved: Yes
Property and Assessments
  • Sign on Property: Yes
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Year Built: 1904
Utilities
  • Electric: Circuit Breakers
  • Sewer: Yes
  • Water Source: Public
  • Utilities:Utilities On: Yes
  • Gas:Natural - On Site: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Aluminum Siding, Wood Frame
  • # Fireplaces: 0
  • Fireplace: No
  • Vehicle Storage:No Vehicle Storage: Yes
  • Roof: Pitched, Shingle
  • Patio and Porch Features:Deck: Yes
Interior Features
  • Basement: Bulkhead, Full, Exterior Entry, Interior Entry, Unfinished
  • Flooring: Wood, Vinyl, Tile, Carpet
  • Interior Features: 1st Floor Bedroom, Bathtub, One-Floor Living, Other, Storage
  • Cooling: None, A/C Units
  • Heating: Direct Vent Heater
  • Foundation Details: Granite, Pillar/Post/Pier, Concrete Perimeter, Brick/Mortar
  • Laundry Features: Washer Hookup
  • # Stories: 3
  • # Floors: 3
  • Bathrooms Total (Integer): 6
  • Bathrooms Total (Decimal): 6.00
  • Bathrooms Total (Notational): 6.00
  • Cooling YN: No
  • Heating YN: Yes
Multi Family
Income & Expenses Information
  • Gross Income: $183,947.00
  • Operating Expenses: $47,006.00
Multi-Family Information
  • Number of Units: 6
  • Building Info:# Fireplaces: 0
  • Building Info:# Stories: 3
  • Building Info:# Floors: 3
  • Building Info:# Heating Units: 7
  • Building Info:# Water Heaters: 6
Unit 1
  • Unit 1:Lease: No
  • Unit 1:Level: First
  • Unit 1:Security Deposit: No
  • Unit 1:Monthly Rent: $3,400.00
  • Unit 1:# Full Baths: 1.00
  • Unit 1:# of Half Baths: .00
  • Unit 1:# of Rooms: 3.00
  • Unit 1:# of Bedrooms: 1.00
  • Unit 1:Dedicated Electric Meter: Yes
  • Unit 1:Dedicated Gas Meter: Yes
  • Unit 1:Dedicated Water Heater: Yes
  • Unit 1:Electric: Yes
  • Unit 1:Heat: Yes
  • Unit 1:Range: Yes
  • Unit 1:Refrigerator: Yes
  • Unit 1:Sewer: Yes
  • Unit 1:Water: Yes
Unit 2
  • Unit 2:Lease: Yes
  • Unit 2:Level: Second
  • Unit 2:Security Deposit: Yes
  • Unit 2:Monthly Rent: $2,370.00
  • Unit 2:# Full Baths: 1.00
  • Unit 2:# Half Baths: .00
  • Unit 2:# of Rooms: 3.00
  • Unit 2:# of Bedrooms: 1.00
  • Unit 2:Dedicated Electric Meter: Yes
  • Unit 2:Dedicated Gas Meter: Yes
  • Unit 2:Dedicated Water Heater: Yes
  • Unit 2:Electric: No
  • Unit 2:Heat: No
  • Unit 2:Range: Yes
  • Unit 2:Refrigerator: Yes
  • Unit 2:Sewer: Yes
  • Unit 2:Water: Yes
Unit 3
  • Unit 3:Lease: Yes
  • Unit 3:Level: Third
  • Unit 3:Security Deposit: Yes
  • Unit 3:Monthly Rent: $1,869.00
  • Unit 3:# Full Baths: 1.00
  • Unit 3:# Half Baths: .00
  • Unit 3:# of Rooms: 3.00
  • Unit 3:# of Bedrooms: 1.00
  • Unit 3:Dedicated Electric Meter: Yes
  • Unit 3:Dedicated Gas Meter: Yes
  • Unit 3:Dedicated Water Heater: Yes
  • Unit 3:Electric: No
  • Unit 3:Heat: No
  • Unit 3:Range: Yes
  • Unit 3:Refrigerator: Yes
  • Unit 3:Sewer: Yes
  • Unit 3:Water: Yes
Unit 4
  • Unit 4:Lease: Yes
  • Unit 4:Level: Third
  • Unit 4:Security Deposit: Yes
  • Unit 4:Monthly Rent: $2,098.00
  • Unit 4:# Full Baths: 1.00
  • Unit 4:# Half Baths: .00
  • Unit 4:# of Rooms: 3.00
  • Unit 4:# of Bedrooms: 1.00
  • Unit 4:Dedicated Electric Meter: Yes
  • Unit 4:Dedicated Gas Meter: Yes
  • Unit 4:Dedicated Water Heater: Yes
  • Unit 4:Electric: No
  • Unit 4:Heat: No
  • Unit 4:Range: Yes
  • Unit 4:Refrigerator: Yes
  • Unit 4:Water: Yes
Unit 5
  • Unit 5:Lease: Yes
  • Unit 5:Level: Third
  • Unit 5:Security Deposit: Yes
  • Unit 5:Monthly Rent: $2,009.00
  • Unit 5:# Full Baths: 1.00
  • Unit 5:# Half Baths: .00
  • Unit 5:# of Rooms: 3.00
  • Unit 5:# of Bedrooms: 1.00
  • Unit 5:Dedicated Electric Meter: Yes
  • Unit 5:Dedicated Gas Meter: Yes
  • Unit 5:Dedicated Water Heater: Yes
  • Unit 5:Electric: No
  • Unit 5:Heat: No
  • Unit 5:Range: Yes
  • Unit 5:Refrigerator: Yes
  • Unit 5:Sewer: Yes
  • Unit 5:Water: Yes
Unit 6
  • Unit 6:Lease: Yes
  • Unit 6:Level: First
  • Unit 6:Security Deposit: Yes
  • Unit 6:Monthly Rent: $3,582.00
  • Unit 6:# Full Baths: 1.00
  • Unit 6:# Half Baths: .00
  • Unit 6:# of Rooms: 3.00
  • Unit 6:# of Bedrooms: 1.00
  • Unit 6:Dedicated Electric Meter: Yes
  • Unit 6:Dedicated Gas Meter: Yes
  • Unit 6:Dedicated Water Heater: Yes
  • Unit 6:Electric: No
  • Unit 6:Heat: No
  • Unit 6:Range: No
  • Unit 6:Refrigerator: No
  • Unit 6:Sewer: Yes
  • Unit 6:Water: Yes
Unit Information
  • Units:# of 1 BD Units: 6
  • Units:# of 2 BD Units: 0
  • Units:# of 3 BD Units: 0
  • Units:# of 4+ BD Units: 0

Property History for 1 North Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1 North Street

This home is within Portland Public Schools.
Rating
School
Type
Grades
Distance
East End Community School
Public - PK to 5
King Middle School
Public - 6 to 8
Portland High School
Public - 9 to 12
Deering High School
Public - 9 to 12
Rating
School
Distance
East End Community School
PublicPK to 5

King Middle School
Public6 to 8

Portland High School
Public9 to 12

Deering High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1 North Street, Portland, ME 04101

1 North Street is a multi-family home for sale in Portland, ME 04101. This property was listed for sale on July 17, 2024 by Benchmark Real Estate, it's currently listed at $2,450,000. This listing's school district is Portland Public Schools. Nearby schools include East End Community School, King Middle School and Portland High School. 1 North Street is a 6-bed, 6-bath, 4,136 sqft multi-family home built in 1904.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Benchmark Real Estate

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. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.