571 Cumberland Avenue, Portland, ME 04101 (MLS# 1530655)
571 Cumberland Avenue, Portland, ME 04101
$1,420,000
Property Type:
Multi-Family
Baths:
12
Square Footage:
8,126
Lot Size (sq. ft.):
39,204
Status:
Closed
Current Price:
$1,420,000
List Date:
6/01/2022
Last Modified:
1/12/2025
Description
12 unit investment opportunity in desirable downtown Portland location! 571 Cumberland Avenue is a professionally managed 12 unit building with four units per level in 11 studio and 1 one bedroom layouts. Units have high ceilings, large windows, steam radiators, and a mix of hardwood flooring and carpet. Built in 1884, this building maintains historic charm with updated features including a central fire alarm system, basement storage, coin-op laundry, upgraded electrical with separate meters, replacement windows, and 3-4 off-street parking spaces. Conveniently located near Maine Medical Center, the Historic West End neighborhood, Tandem Coffee and Bakery, Bramhall, and Hadlock Field.
Supplements: ********
More Information MLS# 1530655
Location Information
Street #: 571
Street Name: Cumberland
Street Type: Avenue
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04101
Leased Land: No
Book: 30116
Page: 88-89
Map: 48
Block: E
Lot: 16
Zoning: R6
Zoning Overlay: No
Association: No
Full Tax Amount $: 17008
Tax Year: 2021
Geo Lat: 43.654513
Geo Lon: -70.272391
Contract Information
Status: Closed
Original List Price: 1500000
Sold Price: $1,420,000
Current Price: $1,420,000
Property Information
Surveyed: Unknown
Seasonal: No
Number of Units: 12
Total Baths: 12
Total Full Baths: 12
Color: Tan
Year Built: 1884
SqFt Finished Above Grade: 8126
SqFt Finished Total: 8126
Garage: No
Lot Size Acres +/-: 0.9
Source of Acreage: Public Records
Status Change Info
Pending Date: 2022-06-10
Closed Date: 2022-07-12
Closed Price: 1420000
Water Info
Water Frontage: No
Water View: No
Units
# of 1 BD Units: 12
Unit 1
Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1071
# Full Baths: 1
# of Rooms: 2
# of Bedrooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 2
Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 894
# Full Baths: 1
# of Rooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 3
Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 743
# Full Baths: 1
# of Rooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 4
Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 946
# Full Baths: 1
# of Rooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Water: Yes
Unit 5
Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1000
# Full Baths: 1
# of Rooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 6
Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1020
# Full Baths: 1
# of Rooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 7
Lease: Yes
Level: Second
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: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 8
Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 708
# Full Baths: 1
# of Rooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 9
Lease: No
Level: Third
Security Deposit: Yes
Monthly Rent: 654
# Full Baths: 1
# of Rooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 10
Lease: No
Level: Third
Security Deposit: Yes
Monthly Rent: 915
# Full Baths: 1
# of Rooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 11
Lease: No
Level: Third
Security Deposit: Yes
Monthly Rent: 770
# Full Baths: 1
# of Rooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 12
Lease: No
Level: Third
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: No
Heat: Yes
Range: No
Refrigerator: No
Sewer: No
Water: No
Utilities
Utilities On: Yes
Property Features
Site: Corner Lot; Level; Sidewalks
Location: Intown
Roads: Paved; Public
Style: Other
Levels: Multi-Level
Construction: Wood Frame
Basement: Full; Unfinished
Basement Entry: Interior
Foundation Materials: Brick/Mortar
Exterior: Asbestos; Shingle Siding
Roof: Shingle
Heat System: Radiator; Steam
Heat Fuel: Oil
Water Heater: Gas; Off Heating System
Cooling: None
Floors: Carpet; Wood
Amenities: Laundry - Coin; Storage
Driveway: Gravel
Parking: 1 - 4 Spaces; On Site
Vehicle Storage: No Vehicle Storage
Electric: Circuit Breakers
Gas: Natural - On Site
Sewer: Public Sewer
Water: Public
Documents
Lead Paint Addendum Public Access ›Listing Office: Legacy Properties Sotheby's International Realty
Last Updated: January - 12 - 2025
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