56 Federal Street, Portland, ME 04101 (MLS# 1593947)

56 Federal Street, Portland, ME 04101

$1,350,000
Property Type: Multi-Family Baths: 6 Square Footage: 6,672 Lot Size (sq. ft.): 3,485 Status: Closed
Current Price: $1,350,000 List Date: 6/19/2024 Last Modified: 1/18/2025

Description

Welcome to 56-58 Federal Street, ideally positioned between Portland's Munjoy Hill neighborhood and the Old Port area, right in the heart of the city's central business district. This six-unit property presents an exceptional investment opportunity in one of Portland's most coveted locations. Tenants cover their own heating and electricity expenses. The roof, featuring a durable rubber membrane, was replaced just five years ago, and a state-of-the-art on-demand hot water heater was installed in 2022. Imagine residing moments away from the Eastern Promenade, offering stunning vistas of Casco Bay, East End Beach, and a convenient boat launch, all seamlessly connected to the Eastern Trail. Nearby, within a half-mile radius, you'll find a vibrant array of neighborhood restaurants, cafes, music venues, and cultural hotspots. Maine Law School is located .5 mile away and USM and UNE are within 2 miles. Enjoy easy access to an eclectic mix of breweries, boutiques, and eateries that define Portland's dynamic cultural scene. Embrace the lively pace of urban living and relish the myriad amenities of in-town life. Showing Time for group showings on 6/20 & 6/21 11:00 am-1:00 pm. Showings by appointment 10:00 am - 5:00 pm after 6/23.

Supplements: ********

More Information MLS# 1593947

Location Information

Street #: 56 Street Name: Federal Street Type: Street County: Cumberland Town: Portland State/Province: ME Zip Code: 04101 Zip +4: 4259 Leased Land: No Book: 33080 Page: 278 Map: 20 Block: D Lot: 9 Zoning: IS-FBC Zoning Overlay: Yes Association: No Full Tax Amount $: 18541 Tax Year: 2023 Geo Lat: 43.661515 Geo Lon: -70.250787

Contract Information

Status: Closed Original List Price: 1499000 Sold Price: $1,350,000 Current Price: $1,350,000

Property Information

Surveyed: Unknown Seasonal: No Owner Occupied: No Deed/Conveyance Type Offered: Warranty Deed: All Bank Owned REO: No 2 Detached Houses on 1 Lot: No Number of Units: 6 Total Baths: 6 Total Full Baths: 6 Color: Tan Year Built: 1907 SqFt Finished Above Grade: 6672 SqFt Finished Total: 6672 SqFt Source: Public Records Garage: No Lot Size Acres +/-: 0.08 Source of Acreage: Public Records

Status Change Info

Pending Date: 2024-10-05 Closed Date: 2024-12-06 Closed Price: 1350000

Water Info

Water Frontage: No Water View: No

Building Info

# Stories: 3 # Floors: 3 # Heating Units: 6

Units

# of 1 BD Units: 1 # of 2 BD Units: 3 # of 3 BD Units: 2

Unit 1

Lease: No Level: First Security Deposit: Yes Monthly Rent: 1800 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 2

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1287 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 3

Lease: No Level: Third Security Deposit: Yes Monthly Rent: 1430 # Full Baths: 1 # of Rooms: 6 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 4

Lease: No Level: First Security Deposit: Yes Monthly Rent: 1760 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: No Range: Yes Refrigerator: Yes Water: Yes

Unit 5

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1094.5 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 6

Lease: No Level: Third Security Deposit: Yes Monthly Rent: 1410 # Full Baths: 1 # of Rooms: 6 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Utilities On: Yes

Property Features

Site: Level; Sidewalks Location: Historic District; Intown; Near Public Beach; Near Shopping; Neighborhood Roads: Paved; Public Transportation: Public Transport Access Recreational Water: Nearby Style: Other Levels: Multi-Level Construction: Wood Frame Basement: Dirt Floor; Full; Slab; Unfinished Basement Entry: Interior Foundation Materials: Brick/Mortar; Stone Exterior: Vinyl Siding Roof: Membrane Heat System: Direct Vent Heater; Heat Pump Heat Fuel: Gas Natural Water Heater: Gas; On Demand Cooling: Heat Pump Floors: Laminate; Tile; Wood Amenities: 1st Floor Bedroom; Fence; Laundry - Coin; Shower; Walk-in Closets Patio and Porch Features: Deck Energy Efficiency: Tankless Water Heater Driveway: No Driveway Parking: No Parking Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers; On Site Gas: Natural - On Site Sewer: Public Sewer Water: Public

Documents

Listing Office: Portside Real Estate Group
Last Updated: January - 18 - 2025
56 Federal Street, Portland, ME 04101- MLS# 1593947
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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