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449 Main Street

South Portland ME 04106

2
2696 sq. ft.
6098.4 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Investment Opportunity in the Heart of South Portland. Rare opportunity to own a corner-lot property featuring two buildings and multiple potential income-producing uses. The property includes a two-unit duplex plus an additional commercial building, offering an investor the flexibility to explore a variety of possibilities. The duplex features two residential units. The first-floor Unit 1 offers two bedrooms and has benefited from recent updates throughout. Unit 2, located on the second floor, offers one bedroom and is currently being rented for $1550. The adjacent former restaurant space provides additional potential for redevelopment and may offer the opportunity to convert the existing space into an additional residential unit for a potential three-unit property, subject to applicable zoning, permitting, and code requirements. With a desirable corner-lot location in the heart of South Portland, convenient access to local amenities, and multiple potential avenues for future use, this property presents an excellent opportunity for investors, owner-occupants, or developers looking to add value in a sought-after location. Location, location, location!

Features

2 bathrooms
2696 sq. ft. floor area
6098.4 sq. ft. lot size
Multi-Family

Happy sellers in South Portland

100%
100% of sellers in South Portland reported that their sale price either exceeded or met their price expectations.

South Portland stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in South Portland over the last 12 months.

Local market activity for multi families in South Portland

In the last 12 months, 19 multi families similar to 449 Main Street, have been sold.

This represents a 14% increase in multi families sales when compared to the previous 12 months.

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