20 Hanover Street

Portland, ME 04101

$779,000
Price
5
Beds
3
Baths
4,320 Sq. Ft.
$180 / Sq. Ft.
4,320
Sq. Ft.
$180
per Sq. Ft.
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Description

Discover a fantastic investment opportunity at 20 Hanover St in Portland! This well-maintained triplex features three units. The top floor unit has been recently refreshed and is vacant, ready for its new owner or tenant. With all units having separate utilities, tenants cover their own utility costs, maximizing your rental income. The refreshed top-floor unit offers immediate rental potential, while the other two units are consistently occupied, ensuring steady revenue. This property promises a...Discover a fantastic investment opportunity at 20 Hanover St in Portland! This well-maintained triplex features three units. The top floor unit has been recently refreshed and is vacant, ready for its new owner or tenant. With all units having separate utilities, tenants cover their own utility costs, maximizing your rental income. The refreshed top-floor unit offers immediate rental potential, while the other two units are consistently occupied, ensuring steady revenue. This property promises a strong return on investment with its prime location and minimal maintenance requirements. Situated in a vibrant neighborhood, this property is perfect for both investors and those looking for an owner-occupied residence. Portland is known for its scenic beauty, thriving arts scene, and diverse culinary offerings. Walk around the corner to get top-notch breakfast at Bayside American Cafe, or check out Schulte and Herr for a home-style German restaurant. You will have more options at your fingertips than you will know what to do with. Enjoy the best of urban living with the charm of a close-knit community. Don't miss out on this prime location offering both convenience and potential for great returns!
  1. Listed by Jeffrey Mateja • Keller Williams Realty
  2. Listed by Alexander Wiss • Keller Williams Realty

Property Details for 20 Hanover Street

Waterfront
No
ArchitecturalStyle
Greek-Revival
Garage
No
Zoning
R-6
Subdivision Name
Intown
LISTING UPDATED: 09/19/2024 02:27 AM

Property Details for 20 Hanover Street

StatusActive
MLS #1594996
Days on Market86
Taxes$5,763 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built1915
Lot Size0.10 AC / 4,356 SF
CountyCumberland County

Building Information for 20 Hanover Street

Stories3Residences3Year Built1915Building Size-Lot Size0.10 AC / 4,356 SF

Property Information for 20 Hanover Street

Summary
Location and General Information
  • Road Surface Type: Paved
  • Zip Code: 2985
  • Town: Portland
  • State/Province: ME
  • Zip Code: 04101
  • County: Cumberland
  • Geo Latitude: 43.657694
  • Geo Longitude: -70.26345
  • Tax Lot: 14
  • Site:Sidewalks: Yes
  • Site:Well Landscaped: Yes
  • Location:Intown: Yes
  • Location:Near Shopping: Yes
  • Location:Neighborhood: Yes
  • Transportation:Public Transport Access: Yes
Parking
  • Parking Features: 5 - 10 Spaces, Paved, On Site, Off Street
  • Attached Garage: No
Taxes and HOA Information
  • Tax Book Number: 36166
  • Tax Block: I
  • Tax Map Number: 33
  • Tax Year: 2023
  • Parcel Number: PTLD-000033-I000014-000001
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $5,763.00
Property
Heating and Cooling
  • Water Heater:Electric: Yes
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 4320.0
  • Lot Size Acres: 0.1
  • Source of Acreage: Public Records
  • Building Area Total: 4320.0
  • Lot Size Area: 0.1
  • Lot Size Units: Acres
  • Lot Size Square Feet: 4356.0
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Street Number: 20
  • Property Information:Surveyed: Unknown
  • Property Information:Seasonal: No
  • Property Information:Owner Occupied: No
  • Property Information:Total Half Baths: .00
  • Property Information:Color: Yellow
Parking
  • Driveway:Paved: Yes
Property and Assessments
  • Documents Available: Property Disclosure Public Access, Deed Public Access, Lead Paint Addendum Public Access
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Year Built: 1915
Utilities
  • Electric: True
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities:Utilities On: Yes
  • Gas:Natural - On Site: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Wood Frame
  • Vehicle Storage:No Vehicle Storage: Yes
  • Roof: Pitched, Shingle
  • Patio and Porch Features:Deck: Yes
Interior Features
  • Basement: Finished, Interior Entry, Walk-Out Access
  • Flooring: Wood, Vinyl, Tile, Carpet
  • Cooling: None
  • Heating: Direct Vent Heater
  • # Floors: 3
  • Bathrooms Total (Integer): 3
  • Bathrooms Total (Decimal): 3.00
  • Bathrooms Total (Notational): 3.00
  • Cooling YN: No
  • Heating YN: Yes
Multi Family
Income & Expenses Information
  • Gross Income: $67,380.00
  • Operating Expenses: $20,794.44
Multi-Family Information
  • Number of Units: 3
  • Building Info:# Stories: 3
  • Building Info:# Heating Units: 3
  • Building Info:# Water Heaters: 3
Unit 1
  • Unit 1:Lease: Yes
  • Unit 1:Level: Basement
  • Unit 1:Security Deposit: Yes
  • Unit 1:Monthly Rent: $1,365.00
  • 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: No
  • Unit 1:Heat: No
  • Unit 1:Range: Yes
  • Unit 1:Refrigerator: Yes
  • Unit 1:Sewer: Yes
  • Unit 1:Water: Yes
Unit 2
  • Unit 2:Lease: No
  • Unit 2:Level: First
  • Unit 2:Security Deposit: No
  • Unit 2:Monthly Rent: $1,500.00
  • 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: No
  • Unit 3:Level: Second
  • Unit 3:Security Deposit: No
  • Unit 3:Monthly Rent: $2,750.00
  • Unit 3:# Full Baths: 1.00
  • Unit 3:# Half Baths: .00
  • Unit 3:# of Rooms: 5.00
  • Unit 3:# of Bedrooms: 3.00
  • 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 Information
  • Units:# of 1 BD Units: 2
  • Units:# of 2 BD Units: 0
  • Units:# of 3 BD Units: 1
  • Units:# of 4+ BD Units: 0

Property History for 20 Hanover Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 20 Hanover Street

Taxable ValueLand$139,500Additions$260,400Total$399,900
Tax Record2023$5,763 ($480 / month)
Home Facts
Baths3Total Finished SqFt1,285 SqFtAbove Grade Finished SqFt1,285 SqFtStories2Lot Size4,321 SqFtStyleTriplexYear Built1915CountyCUMBERLANDAPNPTLD M:033 B:I014001

Schools near 20 Hanover Street

This home is within Portland Public Schools.
Rating
School
Type
Grades
Distance
Ocean Avenue
Public - K 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
Ocean Avenue
PublicK 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 20 Hanover Street, Portland, ME 04101

20 Hanover Street is a multi-family home for sale in Portland, ME 04101. This property was listed for sale on June 27, 2024 by Keller Williams Realty, it's currently listed at $779,000. It has been on the market for a total of 86 days and was last sold on June 30, 2011. This listing's school district is Portland Public Schools. Nearby schools include Ocean Avenue, King Middle School and Portland High School. 20 Hanover Street is a 5-bed, 3-bath, 4,320 sqft multi-family home built in 1915.

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 Keller Williams Realty

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.