146 Sherman Street, Portland, ME 04101
New Listing
$1,319,000
Property Type:
Commercial
Square Footage:
5,650
Lot Size (sq. ft.):
4,356
Status:
Active
Current Price:
$1,319,000
List Date:
6/19/2026
Last Modified:
6/19/2026
Description
Prime 5-unit multifamily investment opportunity in Portland's desirable West End. Featuring four 2-bedroom units and two 1-bedroom units, this income-producing property offers excellent tenant demand, and future upside potential. The current owner has offered the units to his employees at a discounted rental rate. The property had a safety inspection completed by the city with the third floor broken up into two, two-bedroom units instead of one combined four-bedroom unit. Conveniently located minutes from Downtown Portland, Maine Medical Center, restaurants, shops, and public transportation. A rare opportunity to acquire a well-located multifamily asset.
Group showings: Tuesday, June 23rd at 10am - 11:30am Thursday, June 25th at 12pm - 1:30pm
All showings after group showings will be by appointment only. Allow at least 24 hours to notify tenants.
Supplements: ********
More Information MLS# 1668100
Location Information
Street #: 146
Street Name: Sherman
Street Type: Street
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04101
Zip +4: 5211
Leased Land: No
Book: 47765
Page: 127-128 All
Map: 48
Block: E
Lot: 1
Zoning: R6
Zoning Overlay: No
Full Tax Amount $: 12664
Tax Year: 2026
Tree Growth Y/N: No
Association Y/N: No
Geo Lat: 43.65488
Geo Lon: -70.272644
Contract Information
Status: Active
Original List Price: 1319000
List Price: $1,319,000
Current Price: $1,319,000
Property Information
Primary Use: Multi Family
Surveyed: Unknown
Deed/Conveyance Type Offered: Warranty
Deed: All
Deed Restrictions: Unknown
Year Built: 1910
Tenancy: Multiple Tenants
Leases: Yes
SqFt Finished Total: 5650
Lot Size Acres +/-: 0.1
Commercial Bldg Information
Gross Income: 120000
Operating Expenses: 51257
Utilities
Utilities On: Yes
Property Features
Location: Near Shopping
Construction: Wood Frame
Property Uses: Commercial; Other
Basement: Brick/Mortar; Full; Unfinished
Foundation Materials: Block; Brick/Mortar; Stone
Exterior: Vinyl Siding
Roof: Pitched; Shingle
Heat System: Baseboard; Hot Water; Radiator; Zoned
Heat Fuel: Gas Natural
Cooling: None
Floors: Carpet; Vinyl; Wood
Building Features: Fire System
Parking: No Parking; Off Street
Electric: Circuit Breakers
Gas: Natural - At Street
Sewer: Public Sewer
Water: Public
Documents
Property Disclosure Public Access ›Listing Office: EXP Realty
Last Updated: June - 19 - 2026
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. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.