Discover an exceptional investment opportunity at 721 Washington Ave., Portland, Maine. This property features two spacious 3-bedroom units, totaling 2,564 sq ft of comfortable living space. With a solid rental history it offers both steady income and strong investment potential.
Nestled close to Payson Park, Back Cove, and downtown amenities, this location is perfect for outdoor enthusiasts and those seeking convenience.
The vacant first-floor unit is an enticing prospect for owner occupancy, providing a unique blend of investment and personal use. Commuting is effortless with quick access to rte 295, and dining options like Montes Fine Foods and Other Side Deli are nearby and Beals Ice Cream adds a sweet touch to warm summer days. Don't miss this chance to invest and potentially reside in a thriving community.
Showings start Friday. Showing windows are Friday 12-2, Saturday 10-12 and Sunday 12-2.
Closed
$610,000
721 Washington Avenue, Portland, ME 04103
6beds
2,564sqft
Multi Family
Built in 1900
-- sqft lot
$697,200 Zestimate®
$238/sqft
$3,817 Estimated rent
Home value
$697,200
$655,000 - $746,000
$3,817/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: January 15, 2025 at 07:09pm
Listed by:
North Point Realty LLC
Bought with:
Portside Real Estate Group
Source: Maine Listings,MLS#: 1569747
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Heat Pump, Stove
Cooling
- Heat Pump
Features
- Flooring: Tile, Wood
- Basement: Interior Entry,Full,Unfinished
Interior area
- Total structure area: 2,564
- Total interior livable area: 2,564 sqft
- Finished area above ground: 2,564
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, 1 - 4 Spaces, Off Street
Lot
- Size: 5,662 sqft
- Features: Near Shopping, Near Turnpike/Interstate, Near Town, Corner Lot, Level, Sidewalks
Details
- Additional structures: Shed(s)
- Parcel number: PTLDM163ABC001001
- Zoning: R5
Construction
Type & style
- Home type: MultiFamily
- Architectural style: New Englander
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Stone, Brick/Mortar
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & neighborhood
Location
- Region: Portland
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/29/2023 | Sold | $610,000+6.1%$238/sqft |
Source:  Maine Listings #1569747 | ||
| 8/29/2023 | Pending sale | $575,000$224/sqft |
Source: Maine Listings #1569747 | ||
| 8/23/2023 | Listed for sale | $575,000$224/sqft |
Source: Maine Listings #1569747 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,169 | $428,100 |
| 2023 | $6,169 +5.9% | $428,100 |
| 2022 | $5,826 +12% | $428,100 +91.9% |
Find assessor info on the county website
Neighborhood: East Deering
Nearby schools
GreatSchools rating
- 5/10Presumpscot SchoolGrades: PK-5Distance: 0.3 mi
- 4/10Lyman Moore Middle SchoolGrades: 6-8Distance: 1.9 mi
- 5/10Casco Bay High SchoolGrades: 9-12Distance: 1.6 mi
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$697,200
2% more+ $13,944
With Zillow Showcase(estimated)
$711,144