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11 Russell Street, Portland, ME, 04102

6beds
5baths
3,500sqft
$1,150,000
$329price/sqft
$8,035/moest. monthly cost
$321,400/yrincome needed

About This Home

Located mere steps from Maine Medical Center, 11 Russell Street is a well-located four-unit in Portland's West End with strong rental demand from the healthcare workforce, in a neighborhood with one of the most consistent rental markets in the city,The property has a strong rental history with market rate rents. The unit mix includes one and two-bedroom apartments with layouts that cater to both tenants or actual owner occupancy. Good kitchen space, separate living areas, and functional bedroom sizes. Nothing overly complicated, just solid, livable units that rent well.Separate utilities keep things straightforward. Heating has been updated with gas monitors provided and maintained by Pine State. Additional features include off-street driveway parking, outdoor deck, shared laundry room and basement storage. For those considering owner occupancy, the property offers the opportunity to live in Portland's West End while offsetting expenses with rental income. For investors, it presents a well-located, income-producing asset in one of the city's most consistently desirable rental markets. Showings are available on Friday afternoons between 2-4pm, by appointment only.

Getting Around

88
WalkingVery Walkable
52
TransitGood Transit
96
BikeBiker's Paradise

Schools

2/10
King Middle SchoolGrades 6-80.3 mi
4/10
Portland High SchoolGrades 9-120.9 mi

Construction

Condition

  • Year built: 1850

Materials

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

Type & Style

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

Interior

Basement

  • Has basement: Yes
  • Basement: Bulkhead,Dirt Floor,Crawl Space,Full,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 5
  • Full bathrooms: 5

Features

  • Storage
  • Flooring: Tile,Wood
  • Finished area below ground: 0
  • Finished area above ground: 3,500

Heating & Cooling

  • Heating features: Baseboard,Direct Vent Furnace,Forced Air
  • Cooling features: None

Interior Area

  • Total structure area: 3,500
  • Total interior livable area: 3,500 sqft

Property

Details

  • Parcel number: PTLDM054BC009001
  • Zoning: R-6

Features

  • Levels: Multi/Split
  • Stories: 3

Lot

  • Lot size: 2,613 sqft
  • Features: City Lot,Neighborhood,Sidewalks

Parking

  • Parking features: Paved,1 - 4 Spaces,Off Street