ME > Portland > Munjoy Hill
Portland, ME 04101,160 Washington AVE
Portland, ME 04101,160 Washington AVE
Portland, ME 04101,160 Washington AVE
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Listed by Spectrum Real Estate
$1,495,000
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5 Baths
4,732 SqFt
Active

160 Washington AVE Portland, ME 04101

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Elevate Maine Realty

Elevate Maine Realty

+1(207) 331-4565

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Square Footage 4,732 sqft

Subdivision Munjoy Hill

MLS Listing ID 1622196

Style Other,Colonial

Full Baths 5

HOA Y/N No

Abv Grd Liv Area 4,732

Year Built 1985

Annual Tax Amount $11,167

Tax Year 2024

Lot Size 6,534 Sqft

Acres 0.15

Source Maine Listings

Property 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 capex 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

State ME

County Cumberland

Zoning B2B

Rooms

Basement Interior, Walk-Out Access, Finished, Full

Interior

Interior Features Bathtub, Shower

Heating Zoned, Hot Water, Forced Air, Baseboard

Cooling None

Flooring Vinyl, Laminate, Carpet

Equipment Internet Access Available, Cable

Fireplace No

Laundry Laundry - Coin

Exterior

Parking Features 5 - 10 Spaces, Paved, Common, Off Street

Utilities Available 1

View Y/N No

Roof Type Composition,Pitched,Shingle

Street Surface Paved

Porch Deck

Garage No

Building

Lot Description Rolling/Sloping, Open, Intown, Near Public Beach, Near Shopping, Near Public Transit

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Other, Colonial

Structure Type Vinyl Siding,Wood Frame

Schools

School District Portland Public Schools

Others

Restrictions Unknown

Energy Description Gas Natural

Maine MLS (MREIS) IDX
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