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Pending
    • Price cut: $10K (6/5)
    $858,000

    9 Grasmere Road, Portland, ME 04101

    5beds
    3,119sqft
    : 
    $5,531/mo
    Get pre-qualified
    Multi Family
    Built in 1930
    -- sqft lot
    $842,400 Zestimate®
    $275/sqft
    $-- HOA

    What's special

    Charming 3-Unit Investment Property Near Back Cove in a Prime Portland Location. Tucked into a desirable, highly walkable neighborhood near the University of Southern Maine, this classic Portland multi-family blends timeless character with strong income potential. The first and second floor units showcase original hardwood floors, period details, and vintage built-ins that highlight the property's historic charm. The third unit offers flexibility and can be combined with the second floor to create an expansive owner's suite, complete with views of Back Cove. A detached garage provides valuable covered parking, protecting vehicles from Maine's elements. Residents enjoy a quiet, tree-lined street just minutes from neighborhood shops, popular cafes, and public transportation. With a proven rental history, consistent cash flow, and low vacancy, this property is well-suited for investors or owner-occupants seeking to live in one of Portland's most desirable locations.
    85 days
    |
    25
    |
    1
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    The Real Estate Store

    Source: Maine Listings,MLS#: 1660702MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Baseboard, Hot Water
      Cooling
      • None
      Features
      • Flooring: Carpet, Tile, Wood, Linoleum
      • Basement: Bulkhead,Interior Entry,Full
      • Has fireplace: No
      Interior area
      • Total structure area: 3,119
      • Total interior livable area: 3,119 sqft
      • Finished area above ground: 3,119
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Paved, 1 - 4 Spaces
      • Garage spaces: 2
      Features
      • Stories: 3
      • Body of water: Back Cove
      Lot
      • Size: 4,791 Square Feet
      • Features: City Lot, Sidewalks
      Details
      • Parcel number: PTLDM111BD011001
      • Zoning: R3

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: New Englander
      • Property subtype: Multi Family
      Materials
      • Wood Frame, Clapboard
      • Foundation: Stone
      • Roof: Shingle
      Condition
      • Year built: 1930

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Portland

      Financial & listing details

      • Price per square foot: $275/sqft
      • Tax assessed value: $687,900
      • Annual tax amount: $11,192
      • Date on market: 5/6/2026

        Estimated market value

        $842,400

        $800,000 - $885,000

        $3,215/mo

        Price history

        DateEventPrice
        6/8/2026Pending sale$858,000$275/sqft
        Source: Maine Listings #1660702 Report a problem
        6/5/2026Price change$858,000-1.2%$275/sqft
        Source: Maine Listings #1660702 Report a problem
        5/29/2026Price change$868,000-1.1%$278/sqft
        Source: Maine Listings #1660702 Report a problem
        5/23/2026Price change$878,000-1.1%$282/sqft
        Source: Maine Listings #1660702 Report a problem
        5/15/2026Price change$888,000-1.1%$285/sqft
        Source: Maine Listings #1660702 Report a problem
        5/6/2026Listed for sale$898,000$288/sqft
        Source: Maine Listings #1660702 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$9,913 $687,900
        2023$9,913 +5.9%$687,900
        2022$9,362 +24.7%$687,900 +113.5%
        2020$7,510 $322,200
        2019$7,510 +3.7%$322,200
        2018$7,243 +3.8%$322,200
        2017$6,976 +2.6%$322,200
        2016$6,802 +2.3%$322,200
        2015$6,647 +3.2%$322,200
        2014$6,444 +3%$322,200
        2013$6,254 +3.1%$322,200
        2012$6,064 +3%$322,200
        2011$5,890 +3%$322,200
        2009$5,716 $322,200
        2008$5,716 +8.8%$322,200
        2006$5,255 $322,200
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: Oakdale

        Getting around

        87 / 100
        Very Walkable
        45 / 100
        Some Transit
        90 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating

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