# 160 Washington Avenue, Portland, ME 04101

> **TL;DR:** residential multi family, $1,495,000 ($316/sqft), built 1985, 4,732 sqft. Est. $6,478/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,495,000 |
| Price/sqft | $316 |
| Square Feet | 4,732 |
| Year Built | 1985 |
| Lot Size | 6,534 sqft (0.15 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $6,478 |
| **Total** | **$6,478** |

## Property Highlights

- Built in 1985
- 0.15 acre lot
- 2 stories

## Description

### Agent Description
Turnkey 5-Unit Investment in Prime Munjoy Hill Location!  Seasoned investors know the value of location, layout, and low-maintenance assets—this property checks all the boxes. Situated at the base of Munjoy Hill, one of Portland's most desirable and appreciating neighborhoods, this well-maintained five-unit building offers a solid, income-generating opportunity.  All five units are two-bedrooms, a consistently high-demand layout that attracts long-term tenants. Interiors are efficiently designed, with spacious living areas, functional kitchens, and ample natural light—units that rent easily and retain well.    The building has been well cared for, minimizing deferred maintenance and immediate improvement needs. Off-street parking adds a competitive edge in this urban market, boosting tenant satisfaction and retention.  The location is a key asset: walkable to local dining, coffee shops, artisan retail, and the Eastern Promenade. Public transportation access and proximity to downtown further broaden the tenant pool.  This is an ideal opportunity for investors looking to expand or diversify with a plug-and-play multifamily in a high-demand submarket. Whether you're growing a portfolio or executing a 1031 exchange, this Munjoy Hill asset delivers dependable performance and long-term upside.

## Location

- **Address:** 160 Washington Avenue, Portland, ME 04101
- **County:** Cumberland
- **Coordinates:** 43.668439, -70.25422
- **Google Maps:** https://www.google.com/maps?q=43.668439,-70.25422

## Listing Agent

- **Name:** Fred Andrews
- **Brokerage:** Spectrum Real Estate
- **Phone:** 2072336699
- **Email:** spectrumrealestatellc@gmail.com

## Primary Photo

![160 Washington Avenue - Primary Photo](http://lh.rdcpix.com/557fd73924c0138dc2894f267c72709bl-f3017339412r.jpg)

*45 total photos available on [listing page](https://www.propertysimple.com/listing/160-washington-avenue-portland-me-04101-1622196)*

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**MLS#:** 1622196 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/160-washington-avenue-portland-me-04101-1622196)

---

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