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263, 267 & 273 Cumberland Avenue

3 Properties Offered at $4,700,000 in Portland, ME

Apartment Buildings Maine Portland 263, 267 & 273 Cumberland Avenue

Investment Highlights

  • 2 Rooming House Buildings (59 Rooms)
  • Approvals to Build 89-Unit Mid-Rise on Lot
  • 4,510 SF vacant lot

Executive Summary

We are pleased to offer a portfolio of rooming houses for sale in Downtown Portland. 263 Cumberland Avenue consists of 16 rooms, 267 Cumberland Avenue is a 4,510 SF vacant lot, and 273 Cumberland Avenue consists of 43 rooms. These units are not regulated by rent control. Additionally, there were approvals to build a new 89 unit mid-rise rooming house at 267 and 263 Cumberland Avenue. There is a complete set of construction drawings and approvals could easily be reinstated.

Attachments

263, 267, & 273 Cumberland Avenue, Portland_Brochure

Property Facts

Price $4,700,000 Number of Properties 3
Price / SF $323.40 / SF Individually For Sale 0
Sale Type Investment Total Building Size 14,533 SF
Status Active Total Land Area 0.26 AC
Price $4,700,000
Price / SF $323.40 / SF
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 14,533 SF
Total Land Area 0.26 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
273 Cumberland Ave, Portland, ME 04101 Multifamily 8,621 SF 1910 -
263 Cumberland Ave, Portland, ME 04101 Multifamily 5,912 SF 2024 -
267 Cumberland ave, Portland, ME 04101 Land 0.10 AC - -
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(207) 329-2306

Contact

  • Listing ID: 32043669

  • Date on Market: 6/6/2024

  • Last Updated:

  • Address: 263, 267 & 273 Cumberland Avenue, Portland, ME

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273 Cumberland Ave
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263, 267 & 273 Cumberland Avenue
(207) 329-2306 x

263, 267 & 273 Cumberland Avenue

Frank O'Connor

(207) 329-2306

(207) 329-2306

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