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  • $725,000

    7 Cherry Street, Portland, ME 04102

    8beds
    2,923sqft
    Multi Family
    Built in 1875
    -- sqft lot
    $727,800 Zestimate®
    $248/sqft
    $2,789 Estimated rent

    Home value

    $727,800

    $684,000 - $771,000

    $2,789/mo

    Zestimate® history
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    $2,789/mo

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    Rent Zestimate®

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    $4,502/mo

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    $4,502/mo

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    What's special

    Fantastic investment opportunity—a three-unit multifamily property at 7 Cherry Street—offers strong rental potential in one of Maine's most desirable and consistently growing markets. Located just minutes from downtown, the Old Port, restaurants, amenities, and major commuter routes, this property attracts high-quality tenants and ensures steady demand year-round. With functional layouts and a solid rental history, this building is an ideal addition to any investor's portfolio or a great first acquisition for someone entering the Portland multifamily market, checking all the boxes whether you seek stable cash flow, long-term appreciation, or a value-add opportunity.

    Zillow last checked: 7 hours ago

    Listing updated: February 09, 2026 at 07:15am

    Listed by:

    RE/MAX Oceanside

    Bought with:

    Dream Home Realty LLC

    Source: Maine Listings,MLS#: 1644239MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Baseboard, Direct Vent Heater, Hot Water
    Cooling
    • None
    Features
    • Flooring: Laminate, Linoleum
    • Basement: Exterior Entry
    Interior area
    • Total structure area: 2,923
    • Total interior livable area: 2,923 sqft
    • Finished area above ground: 2,923
    • Finished area below ground: 0

    Property

    Features
    • Levels: Multi/Split
    • Stories: 3
    • Patio & porch: Deck
    Lot
    • Size: 7,840 sqft
    Details
    • Parcel number: PTLDM065BA006001
    • Zoning: R6

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: New Englander
    • Property subtype: Multi Family
    Materials
    • Roof: Shingle
    Condition
    • Year built: 1875

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Portland

    Price history

    DateEventPrice
    2/6/2026Sold$725,000-2%$248/sqft
    Source: Maine Listings #1644239 Report a problem
    1/7/2026Pending sale$740,000$253/sqft
    Source: Maine Listings #1644239 Report a problem
    11/24/2025Listed for sale$740,000$253/sqft
    Source: Maine Listings #1644239 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$7,943 $551,200
    2023$7,943 +5.9%$551,200
    2022$7,502 +19%$551,200 +103.8%

    Find assessor info on the county website

    Neighborhood: Libbytown

    Nearby schools

    GreatSchools rating
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    An equal housing lender. NMLS #10287.

    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $727,800
    2% more
    +$14,556
    With Zillow Showcase(estimated)
    $742,356