This rare investment opportunity features a vacant two-unit property in a quiet, low-traffic street - ready for new occupants or tenants right away. Both units have been freshly painted and professionally cleaned, offering a bright, move-in-ready feel. Whether you're looking to live in one unit and rent the other, or add a clean, turn-key property to your portfolio, this is a solid find in a desirable area with great potential for rental income and long-term value.
Active under contract
$575,000
47 Fall Brook Street, Portland, ME 04103
5beds
2,137sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$574,400 Zestimate®
$269/sqft
$-- HOA
What's special
Bright move-in-ready feel
- 53 days |
- 66 |
- 2 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: November 10, 2025 at 09:55am
Listed by:
Town & Shore Real Estate 207-773-0262
Source: Maine Listings,MLS#: 1641662
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Hot Water
Cooling
- None
Features
- Flooring: Carpet, Linoleum
- Basement: Interior Entry,Unfinished
Interior area
- Total structure area: 2,137
- Total interior livable area: 2,137 sqft
- Finished area above ground: 2,137
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, 1 - 4 Spaces, Off Site
Features
- Patio & porch: Porch
Lot
- Size: 8,276.4 Square Feet
- Features: Near Shopping, Neighborhood, Level, Open Lot
Details
- Parcel number: PTLDM161BE010001
- Zoning: Res
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Portland
Financial & listing details
- Price per square foot: $269/sqft
- Tax assessed value: $506,400
- Annual tax amount: $7,601
- Date on market: 10/23/2025
- Road surface type: Paved
Estimated market value
$574,400
$546,000 - $603,000
$2,966/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/10/2025 | Contingent | $575,000$269/sqft |
Source: | ||
| 10/23/2025 | Listed for sale | $575,000$269/sqft |
Source: | ||
| 10/23/2025 | Listing removed | $575,000$269/sqft |
Source: | ||
| 10/14/2025 | Price change | $575,000-4.2%$269/sqft |
Source: | ||
| 9/22/2025 | Listed for sale | $599,999$281/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,297 | $506,400 |
| 2023 | $7,297 +5.9% | $506,400 |
| 2022 | $6,892 +40.9% | $506,400 +141.4% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,910/mo
Principal & interest
$2230
Property taxes
$479
Home insurance
$201
Climate risks
Neighborhood: Ocean Avenue
Nearby schools
GreatSchools rating
- 7/10Ocean AvenueGrades: K-5Distance: 0.8 mi
- 4/10Lyman Moore Middle SchoolGrades: 6-8Distance: 1.4 mi
- 5/10Casco Bay High SchoolGrades: 9-12Distance: 1.1 mi
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