About This Home

This 0-bedroom, 2-bathroom residential multi family at 15 Russell Street in Portland, ME is listed for $350,000 ($158 per sqft). Built in 1910, the home offers 2,209 sqft of living space on a 0.06 acres lot.

Key Features

  • Built in 1910
  • 0.06 acre lot

Property Details

2 full
1910
Listing Description

Prime Portland Investment Opportunity! Calling all investors, contractors, and visionaries. Located in a highly desirable Portland neighborhood, this 2-unit duplex at 15 Russell Street offers a rare chance to bring a multi-family property back to life.

Priced aggressively at $350,000, this building is a true blank canvas awaiting a complete top-to-bottom renovation. Whether you are looking to execute a full condo-conversion, design a premium owner-occupied multi-family, or add a high-yield rental asset to your portfolio, the potential here is unmatched.

The property requires extensive rehabilitation and is being sold strictly as-is, making it an ideal candidate for cash buyers or 203k/construction financing. Capitalize on Portland's exceptionally strong rental market and severe inventory shortage. Properties with this level of value-add potential are increasingly rare. Bring your architect, your contractor, and your imagination to unlock the immense equity waiting within these walls.

Monthly Cost Estimate

$1,872/mo

20% down · 6.5% · 30 years

Principal$253
Interest$1,517
Insurance$102

Estimates only. Actual payments may vary.

Location

15 Russell Street

Portland, ME 04102

Property Details

Flooring

WoodCarpetVinyl

Construction

Wood Frame Vinyl Siding

Parking

None

Heating

SteamOil

Questions & Answers

This 0-bedroom, 2-bathroom residential multi family at 15 Russell Street is listed at $350,000 ($158/sqft). The estimated monthly payment is $1,872 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1910, 0.06 acre lot.

This property is listed by Kevin Fletcher.

KF

Kevin Fletcher

Agent at Keller Williams Realty

Listed by Keller Williams Realty · Broker phone: (207) 879-9800 · View on Broker Site · Broker website

MLS# 1683359· Source: Maine Listings· 6 days on PropertySimple

Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

15 Russell Street, Portland, ME 04102

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