1,500,000

House for sale Portland
Property photo number 1 of 6 Photos for Property. File  105143887_29_be3ca576ae997e7446e93edb61f7848e.jpeg

Overview

SUMMARY: Discover an opportunity with this Portland house for sale and available for 1,500,000. This could be your next ideal home or a smart investment. More details await.
Located on the prominent corner of Munjoy and Wilson Streets, just a few blocks from the Eastern Promenade and directly abutting neighborhood green space, this impressive five-unit (originally built as four 1,500 SF apartments) property offers a rare combination of scale, location,
and future potential. Approximately 6,100 square feet of living space, the building is currently configured with three spacious three-bedroom, one-bath apartments, each featuring generous living rooms, separate dining rooms, and full kitchens, while the remaining floor has been divided into a one-bedroom unit and a two-bedroom unit. The building's exceptional size and coveted Munjoy Hill location create a wide range of opportunities for the next owner. A) The Owner Occupant who wants more space than a traditional, small, Portland apartment. Restore the four unit layout which allows a buyer to move into one and rent the others - free of Portland's rent control - and helps cover your rent. B) An Investor/Developer to convert to condos as four or five large, luxury units. With neighboring properties showcasing rooftop decks that capture the surrounding views, the potential for a similar addition, along with other thoughtful improvements, makes this a truly compelling offering.

Details

  • Baths: 5
  • Price: 1,500,000
  • Area: 6,100 sqft

Location

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