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209-211 State Street, Portland, ME, 04101

14beds
11baths
11,000sqft
$2,390,000
$217price/sqft
$16,045/moest. monthly cost
$641,800/yrincome needed

About This Home

Presenting a rare opportunity to acquire a distinguished 10-unit multi-family property in Portland's highly desirable Congress Street corridor steps from Longfellow Square. Comprised of two separately deeded buildings, 209 and 211 State Street are part of the historic John W. Munger Block, an architecturally significant brick property constructed in 1855 that showcases the timeless character and craftsmanship that define Portland's historic district. Ideally situated along one of Portland's most recognizable residential corridors, the property is within walking distance of the city's renowned restaurants, shops, medical facilities, transportation options, and waterfront attractions. The location continues to attract strong rental demand from professionals, healthcare workers, and residents seeking an urban lifestyle in one of Maine's most dynamic markets. Investors will appreciate the flexibility afforded by the property's separate deeds, creating potential future disposition, financing, or portfolio management opportunities. The combination of historic character, strong tenant appeal, off-street parking, and a premier Portland location makes 209-211 State Street a compelling long-term investment opportunity. All showings after the group showings are by appointment only.

Getting Around

96
WalkingWalker's Paradise
52
TransitGood Transit
90
BikeBiker's Paradise

Schools

2/10
King Middle SchoolGrades 6-80.5 mi
4/10
Portland High SchoolGrades 9-120.5 mi

Construction

Condition

  • Year built: 1855

Materials

  • Roof: Membrane,Shingle,Slate
  • Construction materials: Masonry,Wood Frame,Brick

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other,Victorian
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Bulkhead,Interior Entry,Full,Other

Bedrooms & Bathrooms

  • Bedrooms: 14
  • Bathrooms: 11
  • Full bathrooms: 11

Features

  • Flooring: Tile,Vinyl,Wood
  • Finished area below ground: 0
  • Finished area above ground: 11,000

Heating & Cooling

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

Interior Area

  • Total structure area: 11,000
  • Total interior livable area: 11,000 sqft

Property

Details

  • Zoning: RN-4

Features

  • Levels: Multi/Split

Lot

  • Lot size: 7,840 sqft
  • Features: Historic District,City Lot,Near Shopping,Sidewalks

Parking

  • Parking features: Paved,5 - 10 Spaces,Leased,On Site,Off Street,Tandem

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

  • Ice Storm
    Ice StormVery High
  • Winter Weather
    Winter WeatherVery High
  • Coastal Flooding
    Coastal FloodingRelatively High
  • Hail
    HailModerate
  • Hurricane
    HurricaneModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Ice Storm
Winter Weather
Coastal Flooding
Hail
Hurricane
Lightning
Strong Wind
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 $12,085$145,020
Home Insurance $351$4,212
Property Taxes $2,011$24,132
Electricity $1,598$19,187
Total$16,045$192,540

Income You'd Need if You Spent...

35% on housing$550,114/yr
40% on housing$481,350/yr
45% on housing$427,866/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

$217This listing

vs Other Active Listings

Avg $/sqft

ZIP 04101$439
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
2026-06-26Listed for sale$2,390,000
2024-03-02Listing removed--
2024-02-09Price change$1,900
2023-12-23Listed for rent$2,000
2020-11-17Sold$2,012,500
2020-09-21Listed for sale$1,950,000

For Sale by Agent

AgentChristopher St.Pierre
BrokerageEXP Realty

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