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Thibe Luong

turnthekeywiththibe@gmail.com +1(207) 710-1257

Listed by Francis Curran Harborview Properties, Inc.

$ 2,250,000

Est. payment -/mo

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Active

69 Newbury ST Portland, ME 04101

5 Baths

4,438 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,438 sqft

Price per Sqft $506

MLS Listing ID 1671572

Full Baths 4

HOA Y/N No

Year Built 1905

Tax Year 2024

Lot Size 1,742 Sqft

Acres 0.04

Source Maine Listings

Land Area 4438

Property Description

Mixed-use investment opportunity in Portland's desirable East End, an area that continues to see strong growth and investment. This four-unit property features three residential apartments and one commercial space, offering a combination of strong rental income, flexibility, and long-term value. The residential units include a completely renovated 2-bedroom, 1-bathroom apartment with a bonus room, a 2-bedroom, 1-bathroom apartment, and a renovated 3-bedroom, 2-bathroom apartment. Extensive capital improvements include a new roof (2023), new siding, new windows, three new heat pumps, updated plumbing and electrical systems, renovated kitchens and bathrooms, and substantial improvements to the commercial space. The commercial unit offers a versatile blank canvas with several approved uses, including food & beverage, office, retail, and more, with a renovated shell ready for customization. This flexible commercial component offers an opportunity to tailor the space to a variety of uses while complementing the property's existing residential income. Steps from the Roux Institute, Eastern Promenade, East End Beach, the Old Port, Portland's waterfront, and countless restaurants, breweries, coffee shops, and local retail shops. This is a rare opportunity to acquire a well-improved mixed-use asset in a growing Portland neighborhood with strong fundamentals and continued upside. Showings by appointment only. Please allow a minimum of 48 hours' notice. Please see the attached list of capital improvements for a summary of recent renovations and upgrades.

Location

State ME

County Cumberland

Zoning IS-FBC

Body of Water Portland Harbor

Rooms

Basement Exterior Entry, Walk-Out Access

Interior

Heating Electric, Oil, Baseboard, Heat Pump, Hot Water

Cooling Heat Pump, Window Unit(s)

Flooring Carpet, Laminate, Hardwood

Exterior

Parking Features No Driveway, None, Off Street

Waterfront Description Nearby,Public

Roof Type Shingle

Garage No

Building

Lot Description Intown, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Neighborhood, Level, Sidewalks, Near Public Transit

Entry Level Multi-Level

Foundation Brick/Mortar

Water Public

Architectural Style Other

Level or Stories 3

Others

Tax ID PTLD-000020-B000004-000001

Thibe Luong

Associate Broker License ID: BA926899

+1(207) 710-1257

Thibe Luong

69 Newbury ST Portland, ME 04101

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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69 Newbury ST