264 State Street, Portland, ME 04101 (MLS# 1544862)

264 State Street, Portland, ME 04101

$1,400,000
Property Type: Multi-Family Baths: 13 Square Footage: 5,225 Lot Size (sq. ft.): 4,792 Status: Closed
Current Price: $1,400,000 List Date: 10/03/2022 Last Modified: 1/12/2025

Description

The ''Charles Tobie House'' represents a rare opportunity to purchase one of Portland's most stately and admired multi-units. This 13-Unit proudly sits on the corner of State and Sherman Street and is ideally located in the Parkside neighborhood of Portland. Located between USM and Maine Medical Center, the ability to command top rents is assured! This property features a large off-street parking lot, coin-op laundry, separate/metered utilities, and a city monitored fire alarm system with fire suppression. There is a large value-add opportunity for the next owner and plenty of charming details still intact. 2 of the 13 Units have been left vacant allowing an opportunity for the next owner to renovate or simply lease at a higher rate. This property is now offered BELOW appraised value - one of very few (if any) properties in Portland offering equity at closing! This is an opportunity not to be missed. For a video walk-thru go to YouTube and enter the property address.

Supplements: ********

More Information MLS# 1544862

Location Information

Street #: 264 Street Name: State Street Type: Street County: Cumberland Town: Portland State/Province: ME Zip Code: 04101 Zip +4: 2379 Leased Land: No Book: 37549 Page: 289 Map: 48 Block: D Lot: 23 Zoning: R6 Zoning Overlay: No Association: No Full Tax Amount $: 17043 Tax Year: 2021 Geo Lat: 43.656035 Geo Lon: -70.268358

Contract Information

Status: Closed Original List Price: 2195000 Sold Price: $1,400,000 Current Price: $1,400,000

Property Information

Surveyed: No Seasonal: No Owner Occupied: No Deed/Conveyance Type Offered: Quit Claim w/Covenant Deed: All Number of Units: 13 Total Baths: 13 Total Full Baths: 13 Year Built: 1900 SqFt Finished Above Grade: 5225 SqFt Finished Total: 5225 SqFt Source: Public Records Garage: No Lot Size Acres +/-: 0.11 Source of Acreage: Public Records

Status Change Info

Pending Date: 2023-01-25 Closed Date: 2023-03-31 Closed Price: 1400000

Water Info

Water Frontage: No Water View: No

Building Info

# Stories: 3 # Floors: 4 # Heating Units: 13 # Water Heaters: 2

Units

# of 1 BD Units: 13

Unit 1

Lease: No Level: First Security Deposit: Yes Monthly Rent: 650 # Full Baths: 1 # of Rooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 2

Lease: No Level: First Security Deposit: Yes Monthly Rent: 850 # Full Baths: 1 # of Rooms: 2 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 3

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 850 # Full Baths: 1 # of Rooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 4

Lease: No Level: First Security Deposit: Yes Monthly Rent: 856 # Full Baths: 1 # of Rooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Water: Yes

Unit 5

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 700 # Full Baths: 1 # of Rooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 6

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1050 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 7

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1168 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 8

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 750 # Full Baths: 1 # of Rooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 9

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 700 # Full Baths: 1 # of Rooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 10

Lease: No Level: Third Security Deposit: Yes Monthly Rent: 650 # Full Baths: 1 # of Rooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 11

Lease: No Level: Third Security Deposit: Yes Monthly Rent: 800 # Full Baths: 1 # of Rooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 12

Lease: No Level: Third Security Deposit: Yes Monthly Rent: 600 # Full Baths: 1 # of Rooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 13

Lease: No Level: Third Security Deposit: Yes Monthly Rent: 920 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Utilities On: Yes

Sold Info

Appraiser Email Address: windham1941@gmail.com

Property Features

Site: Corner Lot; Sidewalks Location: Historic District; Intown; Near Public Beach; Near Shopping; Near Town; Near Turnpike/Interstate Roads: Paved Style: Victorian Construction: Masonry Basement: Brick/Mortar; Finished; Walk-Out Access Basement Entry: Exterior Only Foundation Materials: Brick/Mortar Exterior: Brick Roof: Slate Heat System: Direct Vent Heater Heat Fuel: Gas Natural Water Heater: Gas; Tank Cooling: None Floors: Laminate; Tile; Vinyl; Wood Amenities: Laundry - Coin; Sprinkler Equipment: Internet Access Available; Other Equipment Energy Efficiency: Water Heater Driveway: Paved Parking: 5 - 10 Spaces; Off Street; Paved Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public

Documents

Listing Office: Keller Williams Realty
Last Updated: January - 12 - 2025
264 State Street, Portland, ME 04101- MLS# 1544862
Broker Attribution: (207) 232-8877
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. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
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