Closed

$1,425,000

62 Mellen Street, Portland, ME 04101

10beds

8,831sqft

Multi Family

Built in 1900

-- sqft lot

$1,703,600 Zestimate^®

$161/sqft

$2,458 Estimated rent

Home value

$1,703,600

$1.50M - $1.96M

$2,458/mo

Zestimate^® history

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Owner options

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$2,458/mo

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$2,458/mo

Rent Zestimate^®

Refinance and save

$7,188/mo

Est. payment

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$7,188/mo

Est. payment

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What's special

Great downtown location close to Deering Oaks Park and the Arts District for this Parkside 12 unit. Well cared for by the same owner over the last 27 years. Very stable tenant/rental history. Cute units in super walkable location that appeals to tenants. Owner has made consistent improvements to units overtime. Easy management with 10 one bedrooms and 2 studio units. 11 units are occupied and 1 vacant. Expenses have been kept low by smart upgrades over time. No need to worry about landscaping and snow removal with this one either.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 10
Bathrooms: 12
Full bathrooms: 12

Heating

Steam

Cooling

None

Appliances

Laundry: Laundry - Coin

Features

Storage
Flooring: Other, Wood
Basement: Interior Entry,Walk-Out Access,Unfinished

Interior area

Total structure area: 8,831
Total interior livable area: 8,831 sqft
Finished area above ground: 8,831
Finished area below ground: 0

Property

Parking

Parking features: No Driveway, None, On Street
Has uncovered spaces: Yes

Features

Levels: Multi/Split

Lot

Size: 3,049 sqft
Features: City Lot, Near Shopping, Neighborhood, Corner Lot, Sidewalks

Details

Zoning: R-6

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Multi Family

Materials

Wood Frame, Clapboard
Roof: Shingle

Condition

Year built: 1900

Utilities & green energy

Electric: Circuit Breakers, Fuses
Sewer: Public Sewer
Water: Public
Utilities for property: Utilities On

Community & neighborhood

Location

Region: Portland

Other

Other facts

Road surface type: Paved

Price history

Date	Event	Price
11/27/2023	Sold	$1,425,000-14.9%$161/sqft
Source: Maine Listings #1565331 Report a problem
9/20/2023	Contingent	$1,675,000$190/sqft
Source: Maine Listings #1565331 Report a problem
7/17/2023	Listed for sale	$1,675,000-11.6%$190/sqft
Source: Maine Listings #1565331 Report a problem
10/21/2020	Listing removed	$1,895,000$215/sqft
Source: Portside Real Estate Group #1468206 Report a problem
9/20/2020	Price change	$1,895,000-2.8%$215/sqft
Source: Portside Real Estate Group #1468206 Report a problem