Located on a large corner lot in the sought-after Deering Center area of Portland, this well-maintained 4-family property offers a unique opportunity for investors or homeowners seeking rental income potential. Within walking distance of Longfellow Elementary, Lincoln Middle School, and Deering High School, this property is perfectly positioned for convenience and community access.
Property Highlights:
• Large Corner Lot with ample outdoor space, offering privacy or additional landscaping.
• Separate Utilities: Each unit has its own electric meter, oil supply, heating system, and hot water heater, providing tenants with individual control over their utilities.
• Washer & Dryer Hookups for all units in the basement, making laundry a breeze for all residents.
Unit Details:
• Carriage House Unit: This charming, private unit features its own separate entrance and includes 3 bedrooms, 1.5 baths, and a cozy wood-burning fireplace, perfect for comfortable living.
• First Floor Unit: Versatile and adaptable, this unit can function as either a 2-bedroom or 3-bedroom, providing options to suit your needs.
• Second & Third Floor Units: Each unit offers 2 bedrooms, 1 bath, with spacious layouts and abundant natural light.
This property offers the best of both worlds with the potential for multi-family living or rental income, all within a vibrant Portland neighborhood. With its proximity to schools, parks, and local amenities, it's a fantastic investment in a prime location. Don't miss this opportunity to own a piece of Deering Center's growing community!
Note: One unit is owner occupied with 2 additional units occupied by owner's family hence the rent numbers.
Room Features
Basement DescriptionDoghouse, Unfinished, Interior Entry, Full
Lot & Building Features
CoolingNone
Tax Year2025
Taxes Paid$12,215
Unit Features
Unit 1 Full Baths1
Unit 1 of Bedrooms2
Unit 1 of Rooms6
Unit 2 Full Baths1
Unit 2 of Bedrooms2
Unit 2 of Rooms6
Unit 3 Full Baths1
Unit 3 of Bedrooms2
Unit 3 of Rooms6
Unit 4 Full Baths1
Unit 4 Half Baths1
Unit 4 of Bedrooms3
Unit 4 of Rooms7
Price History of 40 Leland Street, Portland, ME
Date
Name
Price
Difference
12/03/2024
Listing Price
$1,050,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
40 Leland Street (MLS #1610574) is a victorian multi-family listing located in Portland, ME.
This multi-family listing is 4,670 sqft and on a lot of 12,197 sqft (or 0.28 acres) and is 124 years old. This property was listed on 12/03/2024 and has been priced for sale at $1,050,000.
The multi-family listing at 200 Massachusetts Avenue in Portland is nearby and sold for $1,000,000 on 11/05/2024.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
Listing information courtesy of: Coldwell Banker Realty