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16-18 Cumberland Avenue #4, Portland, ME, 04101

1beds
1baths
1,334sqft
$499,000
$374price/sqft
$3,259/moest. monthly cost
$130,360/yrincome needed

About This Home

OPEN HOUSE SATURDAY 7/11/26 - 11am-1pm Experience the best of Portland's East End neighborhood in this spacious and inviting one-bedroom condo featuring breathtaking views of the Atlantic Ocean and unforgettable sunrises. Nestled in a quiet, well maintained building on a corner lot, this rare offering combines comfort, convenience, and investment potential in one of Portland's most sought-after neighborhoods. Inside, you'll find an expansive open layout featuring beautiful wood floors throughout, a generously sized bedroom, and a large living room. The well appointed kitchen flows seamlessly in to a cozy dining space, sitting area and office nook, designed to maximize both space and natural light. Enjoy your morning coffee while watching the sun rise over the water, then take advantage of the property's shared outdoor patio and garden amenity. A short stroll to neighborhood coffee shops, acclaimed restaurants, and Portland's vibrant Old Port District, there is plenty to explore just steps from the door. Whether you're seeking a primary residence, a second home, or an investment property, this condo offers exceptional flexibility with an HOA that allows rentals. Additional highlights include an efficient gas heating system with a recently updated boiler, updated appliances, in-unit laundry, and ample storage space. Don't miss this rare opportunity to own a piece of Portland's coveted East End lifestyle.

Getting Around

91
WalkingWalker's Paradise
43
TransitSome Transit
87
BikeVery Bikeable

Schools

2/10
East End Community SchoolGrades PK-50.5 mi
4/10
4/10
Portland High SchoolGrades 9-120.7 mi

Construction

Condition

  • Year built: 1864

Materials

  • Foundation: Stone,Brick/Mortar
  • Roof: Shingle
  • Construction materials: Wood Frame,Vinyl Siding

Type & Style

  • Home type: Condo
  • Architectural style: Mansard
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Cooktop,Dishwasher,Dryer,Microwave,Electric Range,Refrigerator,Washer

Basement

  • Has basement: Yes
  • Basement: Interior Entry,Full,Sump Pump,Unfinished

Bedroom1

  • Features: Closet,Skylight
  • Level: Third

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Bathtub,Shower,Storage
  • Flooring: Tile,Wood
  • Finished area below ground: 0
  • Finished area above ground: 1,334

Heating & Cooling

  • Heating features: Baseboard,Direct Vent Furnace,Hot Water
  • Cooling features: None

Interior Area

  • Total structure area: 1,334
  • Total interior livable area: 1,334 sqft

Kitchen

  • Level: Third

Living Room

  • Features: Skylight
  • Level: Third

Property

Details

  • Zoning: R6

Features

  • Patio & porch: Patio
  • Waterbody name: Casco Bay

Lot

  • Features: Near Public Beach,Near Shopping,Near Town,Neighborhood,Corner Lot,Sidewalks

Parking

  • Parking features: No Driveway,On Street
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherRelatively High
  • Ice Storm
    Ice StormModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Winter Weather
Ice Storm
Tsunami

FEMA Declared Disasters Across Maine Counties

Flood
Hurricane
Severe Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,523$30,276
Home Insurance $73$876
Property Taxes $419$5,028
Electricity $244$2,930
Total$3,259$39,108

Income You'd Need if You Spent...

35% on housing$111,737/yr
40% on housing$97,770/yr
45% on housing$86,906/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.5%
9.5%
0%30.0%
Electricity Growth Rate10-year average: 7.7%
7.7%
0%15.0%
Property Taxes Growth Rate2-year average: -0.2%
-0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$374This listing

vs Other Active Listings

Avg $/sqft

ZIP 04101$437
Cumberland County$369

vs Homes Sold Last Month

Median $/sqft

ZIP 04101$508
Cumberland County$317

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-23Price change$499,000
2026-06-27Price change$510,000
2026-06-01Listed for sale$525,000
2022-04-08Sold$415,000
2022-03-25Pending sale$439,000
2022-03-18Listed for sale$439,000
2020-02-28Sold$304,000

For Sale by Agent

BrokerageKeller Williams Realty

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