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About This Home

This 0-bedroom, 5-bathroom residential multi family at 11 Russell Street in Portland, ME is listed for $1,200,000 ($343 per sqft). Built in 1850, the home offers 3,500 sqft of living space on a 0.06 acres lot.

Agent Description

Located mere steps from Maine Medical Center, 11 Russell Street is a well-located four-unit in Portland's West End with strong rental demand from the healthcare workforce, in a neighborhood with one of the most consistent rental markets in the city,The property has a strong rental history with market rate rents.

The unit mix includes one and two-bedroom apartments with layouts that cater to both tenants or actual owner occupancy. Good kitchen space, separate living areas, and functional bedroom sizes. Nothing overly complicated, just solid, livable units that rent well.Separate utilities keep things straightforward.

Heating has been updated with gas monitors provided and maintained by Pine State. Additional features include off-street driveway parking, outdoor deck, shared laundry room and basement storage. For those considering owner occupancy, the property offers the opportunity to live in Portland's West End while offsetting expenses with rental income.

For investors, it presents a well-located, income-producing asset in one of the city's most consistently desirable rental markets. Showings are available on Friday afternoons between 2-4pm, by appointment only.

Key Features

  • Built in 1850
  • 0.06 acre lot
  • 3 stories

Property Details

3 stories
5 full
1850

Monthly Cost Estimate

$6,418/mo

20% down · 6.5% · 30 years

Principal$868
Interest$5,200
Insurance$350

Estimates only. Actual payments may vary.

Location

11 Russell Street

Portland, ME 04102

Features & Amenities

Interior Features

Storage

Property Details

Flooring

WoodTile

Construction

Vinyl Siding Wood Frame

Parking

Off Street

Heating

BaseboardForced Air

Questions & Answers

This 0-bedroom, 5-bathroom residential multi family at 11 Russell Street is listed at $1,200,000 ($343/sqft). The estimated monthly payment is $5,200 based on 20% down at 6.5% interest.

Key features include: Built in 1850, 0.06 acre lot, 3 stories. Interior Features: Storage.

This property is listed by Aaron Chadbourne and can be reached at 2078395122 or aaron@godemetria.com.

AC

Aaron Chadbourne

Agent at Demetria Real Estate

(207) 839-5122

Listed by Demetria Real Estate · View on Broker Site

MLS# 1656948· Source: listhub· Updated today

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11 Russell Street, Portland, ME 04102

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