40 Leland Street
Portland, ME 04103
$1,050,000
Price
9
Beds
4
Baths
1
1/2 Bath
4,670 Sq. Ft.
$225 / Sq. Ft.
4,670
Sq. Ft.
$225
per Sq. Ft.
Active Under Contract
Active Under Contract
Description
Located on a large corner lot in the sought-after Deering Center area of Portland, this well-maintained 4-family property offers a unique opportunity for investors or homeowners seeking rental income potential. Within walking distance of Longfellow Elementary, Lincoln Middle School, and Deering High School, this property is perfectly positioned for convenience and community access. Property Highlights:
• Large Corner Lot with ample outdoor space, offering privacy or additional landscaping. Property...Located on a large corner lot in the sought-after Deering Center area of Portland, this well-maintained 4-family property offers a unique opportunity for investors or homeowners seeking rental income potential. Within walking distance of Longfellow Elementary, Lincoln Middle School, and Deering High School, this property is perfectly positioned for convenience and community access. Property Highlights:
• Large Corner Lot with ample outdoor space, offering privacy or additional landscaping. Property Highlights:
• Large Corner Lot with ample outdoor space, offering privacy or additional landscaping • Separate Utilities: Each unit has its own electric meter, oil supply, heating system, and hot water heater, providing tenants with individual control over their utilities. • Separate Utilities: Each unit has its own electric meter, oil supply, heating system, and hot water heater, providing tenants with individual control over their utilities • Washer & Dryer Hookups for all units in the basement, making laundry a breeze for all residents. Unit Details:
• Carriage House Unit: This charming, private unit features its own separate entrance and includes 3 bedrooms, 1.5 baths, and a cozy wood-burning fireplace, perfect for comfortable living. Unit Details:
• Carriage House Unit: This charming, private unit features its own separate entrance and includes 3 bedrooms, 1.5 baths, and a cozy wood-burning fireplace, perfect for comfortable living • First Floor Unit: Versatile and adaptable, this unit can function as either a 2-bedroom or 3-bedroom, providing options to suit your needs. • First Floor Unit: Versatile and adaptable, this unit can function as either a 2-bedroom or 3-bedroom, providing options to suit your needs • Second & Third Floor Units: Each unit offers 2 bedrooms, 1 bath, with spacious layouts and abundant natural light. This property offers the best of both worlds with the potential for multi-family living or rental income, all within a vibrant Portland neighborhood. With its proximity to schools, parks, and local amenities, it's a fantastic investment in a prime location. Don't miss this opportunity to own a piece of Deering Center's growing community! Note: One unit is owner occupied with 2 additional units occupied by owner's family hence the rent numbers.
• Large Corner Lot with ample outdoor space, offering privacy or additional landscaping. Property...Located on a large corner lot in the sought-after Deering Center area of Portland, this well-maintained 4-family property offers a unique opportunity for investors or homeowners seeking rental income potential. Within walking distance of Longfellow Elementary, Lincoln Middle School, and Deering High School, this property is perfectly positioned for convenience and community access. Property Highlights:
• Large Corner Lot with ample outdoor space, offering privacy or additional landscaping. Property Highlights:
• Large Corner Lot with ample outdoor space, offering privacy or additional landscaping • Separate Utilities: Each unit has its own electric meter, oil supply, heating system, and hot water heater, providing tenants with individual control over their utilities. • Separate Utilities: Each unit has its own electric meter, oil supply, heating system, and hot water heater, providing tenants with individual control over their utilities • Washer & Dryer Hookups for all units in the basement, making laundry a breeze for all residents. Unit Details:
• Carriage House Unit: This charming, private unit features its own separate entrance and includes 3 bedrooms, 1.5 baths, and a cozy wood-burning fireplace, perfect for comfortable living. Unit Details:
• Carriage House Unit: This charming, private unit features its own separate entrance and includes 3 bedrooms, 1.5 baths, and a cozy wood-burning fireplace, perfect for comfortable living • First Floor Unit: Versatile and adaptable, this unit can function as either a 2-bedroom or 3-bedroom, providing options to suit your needs. • First Floor Unit: Versatile and adaptable, this unit can function as either a 2-bedroom or 3-bedroom, providing options to suit your needs • Second & Third Floor Units: Each unit offers 2 bedrooms, 1 bath, with spacious layouts and abundant natural light. This property offers the best of both worlds with the potential for multi-family living or rental income, all within a vibrant Portland neighborhood. With its proximity to schools, parks, and local amenities, it's a fantastic investment in a prime location. Don't miss this opportunity to own a piece of Deering Center's growing community! Note: One unit is owner occupied with 2 additional units occupied by owner's family hence the rent numbers.
- Listed by Michael Milliken • Coldwell Banker Realty • 207-773-1990
Property Details for 40 Leland Street
Waterfront
No
ArchitecturalStyleVictorian
Garage Spaces.00
GarageNo
ZoningR5
LISTING UPDATED: 12/13/2024 02:52 PM
Property Details for 40 Leland Street
| Status | Active Under Contract |
|---|---|
| MLS # | 1610574 |
| Days on Market | 14 |
| Taxes | $12,215 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family |
| Year Built | 1900 |
| Lot Size | 0.28 AC / 12,196 SF |
| County | Cumberland County |
Building Information for 40 Leland Street
Stories3Residences4Year Built1900Building Size-Lot Size0.28 AC / 12,196 SF
Property Information for 40 Leland Street
Summary
Location and General Information
- Road Surface Type: Paved
- Zip Code: 2527
- Directions: Located one block from Stevens Ave down Pleasant Ave on the corner of Leland and Mabel
- Town: Portland
- State/Province: ME
- Zip Code: 04103
- County: Cumberland
- Geo Latitude: 43.674863
- Geo Longitude: -70.297887
- Tax Lot: 10
- Site:Corner Lot: Yes
- Location:Neighborhood: Yes
Parking
- Parking Features: 5 - 10 Spaces, Paved, Common, Off Street
- Attached Garage: No
Taxes and HOA Information
- Tax Book Number: 30499
- Tax Map Number: 133
- Tax Year: 2025
- Parcel Number: PTLD-000133-C000010-000001
- Location Information:Association Y/N: No
- Tax Annual Amount: $12,215.14
Property
Heating and Cooling
- Water Heater:Off Heating System: Yes
- Water Heater:Oil: Yes
Lot Information
- SqFt Finished Below Grade: 0.0
- SqFt Finished Above Grade: 4670.0
- Lot Size Acres: 0.28
- Source of Acreage: Public Records
- Building Area Total: 4670.0
- Lot Size Area: 0.28
- Lot Size Units: Acres
- Lot Size Square Feet: 12196.8
- Bathrooms Full: 4
- Bathrooms Half: 1
- Street Number: 40
- Property Information:Surveyed: Unknown
- Property Information:Seasonal: No
- Property Information:Owner Occupied: Yes
- Property Information:Short Sale Continue to Show: No
- Property Information:Deed/Conveyance Type Offered: Quit Claim
- Property Information:Deed: All
- Property Information:Bank Owned REO: No
- Property Information:2 Detached Houses on 1 Lot: No
- Property Information:Total Half Baths: 1.00
- Property Information:Color: White
- Property Information:Source of Road Frontage: Public Records
Parking
- Driveway:Common: Yes
- Driveway:Paved: Yes
Property and Assessments
- Leased Land: No
- Property Type: Multi-Family
- Property Type Label: Multi-Family
- Year Built: 1900
Utilities
- Electric: Circuit Breakers
- Sewer: Yes
- Water Source: Public
- Utilities:Pole: Electric, Coax
- Utilities:Utilities On: Yes
- Gas:No Gas: Yes
Interior and Exterior Features
Exterior Features
- Construction Materials: Vinyl Siding, Wood Frame
- # Fireplaces: 1
- Fireplace: Yes
- Vehicle Storage:No Vehicle Storage: Yes
- Roof: Shingle
- Other Structures: Outbuilding, Shed(s)
- Patio and Porch Features:Deck: Yes
Interior Features
- Basement: Full, Doghouse, Interior Entry, Unfinished
- Flooring: Wood, Other
- Cooling: None
- Heating: Steam, Radiator, Hot Water, Baseboard
- Foundation Details: Stone, Concrete Perimeter, Brick/Mortar
- # Floors: 3
- Bathrooms Total (Integer): 5
- Bathrooms Total (Decimal): 4.50
- Bathrooms Total (Notational): 4.10
- Cooling YN: No
- Heating YN: Yes
Multi Family
Income & Expenses Information
- Gross Income: $13,200.00
- Operating Expenses: $26,000.00
Multi-Family Information
- Number of Units: 4
- Building Info:# Fireplaces: 1
- Building Info:# Stories: 3
- Building Info:# Heating Units: 4
- Building Info:# Water Heaters: 4
Unit 1
- Unit 1:Lease: No
- Unit 1:Level: First
- Unit 1:Security Deposit: No
- Unit 1:Monthly Rent: $.00
- Unit 1:# Full Baths: 1.00
- Unit 1:# of Half Baths: .00
- Unit 1:# of Rooms: 6.00
- Unit 1:# of Bedrooms: 2.00
- 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: Yes
- Unit 2:Level: Second
- Unit 2:Security Deposit: Yes
- Unit 2:Monthly Rent: $1,100.00
- Unit 2:# Full Baths: 1.00
- Unit 2:# Half Baths: .00
- Unit 2:# of Rooms: 6.00
- Unit 2:# of Bedrooms: 2.00
- 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: Third
- Unit 3:Security Deposit: No
- Unit 3:Monthly Rent: $.00
- Unit 3:# Full Baths: 1.00
- Unit 3:# Half Baths: .00
- Unit 3:# of Rooms: 6.00
- Unit 3:# of Bedrooms: 2.00
- 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: No
- Unit 4:Level: First
- Unit 4:Security Deposit: No
- Unit 4:Monthly Rent: $.00
- Unit 4:# Full Baths: 1.00
- Unit 4:# Half Baths: 1.00
- Unit 4:# of Rooms: 7.00
- Unit 4:# of Bedrooms: 3.00
- 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 Information
- Units:# of 1 BD Units: 0
- Units:# of 2 BD Units: 3
- Units:# of 3 BD Units: 1
- Units:# of 4+ BD Units: 0
Property History for 40 Leland Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 40 Leland Street
Taxable ValueLand$99,700Additions$736,600Total$836,300
Tax Record2024$12,553 ($1,046 / month)
Home Facts
Baths4.5Total Finished SqFt4,670 SqFtAbove Grade Finished SqFt4,670 SqFtStories2Lot Size12,301 SqFtStyleMulti-Family Res (5+ Units)Year Built1900CountyCUMBERLANDAPNPTLD M:133 B:C010001Fireplace TypeHas Fireplace
Schools near 40 Leland Street
This home is within Portland Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Longfellow School-Portland PublicK to 5 | ||
Lincoln Middle School Public6 to 8 | ||
Deering High School Public9 to 12 | ||
Casco Bay 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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Listing Courtesy of Coldwell Banker 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.
