Closed

197 Congress Street

Portland ME, 04101

$1,150,000


Closed

4 Baths

3,162 sqft

Multi-family

Built in 1989

Courtesy of Vitalius Real Estate Group, LLC

Deceptively simple outside, this East End multi-family is fully furnished, turn-key, has a strong furnished-rental income history, and has a parking lot to boot! Inside is much bigger than it appears, with three 2-bedrooms units plus a full guest studio. Each unit has been renovated with a charming, coastal touch and the location is highly desirable to short, medium, and long term tenants and buyers looking to live downtown. This location might just be one of the most walkable on Portland's East Side, sitting at the intersection of Washington's ''restaurant row,'' India Street's gateway to the waterfront, Munjoy Hill's stunning park, and East End Beach. The 5,998 SF lot currently offers a large parking lot and quaint courtyard with the future potential to add additional units. The 1980's construction is a refreshingly attractive alternative to the typical 100+ year old Portland building.

1550802

MLS ID

March 16, 2024

Updated

Map

197 Congress Street
Portland ME, 04101

Interior Features

Bathrooms

4 Baths


Laundry Description

Laundry - Coin


Floor Description

Wood, Tile, Laminate


Fireplace

No


Cooling

Yes


Cooling Description

Heat Pump


Heating

Yes


Heating Description

Hot Water, Heat Pump, Baseboard

Exterior/Building Features

Lot Size

0.13 Acres


Lot Features

Level, Open Lot, Sidewalks, Intown, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town


Architectual Style

Multi-Level, Split Entry


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Taxes

$9,503


Tax Frequency

Annually


Garage

No


Parking

1 - 4 Spaces, Paved, Off Street


View

No


County

Cumberland


Water Source

Public


Pool

No


Zoning

B1


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

10/13/2023

Sold

$1,150,000

5/1/2023

Price Change

$1,150,000

-5%

5/1/2023

Unknown

Listing Contact: 207-541-3755

Bought with Vitalius Real Estate Group, LLC and Listed by Vitalius Real Estate Group, LLC

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. © 2024 Maine Real Estate Information System, Inc. All Rights Reserved. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Blue Lobster Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 2:14 AM UTC, 3/16/2024

 

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