605 Washington Avenue, Portland, ME, 04103
About This Home
Check out this amazing investment opportunity on Portland's Washington Ave offering two spacious 4-bedroom/1-bath units. Each 1,000+ square foot apartment contains large bedrooms, flexible living/dining layouts, and classic period details ready for your finishing touch. A full walk-up attic, served by two existing staircases, presents excellent potential for an additional unit or expanded living space (buyer to verify with the City of Portland). The full basement is perfect for storage and utilities and has blown insulation, two newer natural gas wall hung boilers, and washer/dryer hookups. The garage is in fair condition and currently provides convenient extra storage for tenants or the property owner. Lots of off street parking can be found outside on the nearly completely fenced in lot. This in-town location close to restaurants, coffee, transit, and parks makes for a strong addition to any investors portfolio or a great setup for enjoyable owner occupancy. Tenants will appreciate a convenient bus stop outside of the Washington Avenue entrance. Solid bones, big bedrooms, and an uncommon upside with the attic space. Bring your vision and add value in one of Portland's most convenient corridors.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1905
Materials
- Foundation: Brick/Mortar
- Roof: Shingle
- Construction materials: Wood Frame,Aluminum Siding,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Architectural style: New Englander
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Bulkhead,Full,Unfinished,Brick/Mortar
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 2
- Full bathrooms: 2
Features
- Bathtub,Shower
- Flooring: Carpet,Laminate
- Finished area below ground: 0
- Finished area above ground: 2,612
Heating & Cooling
- Heating features: Hot Water
- Cooling features: None
Interior Area
- Total structure area: 2,612
- Total interior livable area: 2,612 sqft
Property
Details
- Parcel number: PTLDM428BL001001
- Zoning: RN3
Features
- Patio & porch: Deck,Porch
Lot
- Lot size: 6,969 sqft
- Features: Near Turnpike/Interstate,Near Town,Corner Lot,Level,Sidewalks
Parking
- Total spaces: 2
- Parking features: Gravel,5 - 10 Spaces,Off Street
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
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
- Ice Storm
- Coastal Flooding
- Hurricane
- Lightning
- Strong Wind
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Maine Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,781 | $33,372 |
| Home Insurance | $127 | $1,524 |
| Property Taxes | $651 | $7,812 |
| Electricity | $379 | $4,556 |
| Total | $3,938 | $47,256 |
Income You'd Need if You Spent...
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-08 | Price change | $625,000 |
| 2026-02-26 | Listed for sale | $650,000 |
| 2026-02-16 | Listing removed | $710,000 |
| 2025-10-15 | Price change | $710,000 |
| 2025-09-10 | Price change | $725,000 |
| 2025-08-25 | Listed for sale | $750,000 |
| 2021-03-24 | Listing removed | -- |
| 2019-08-29 | Sold | $425,000 |
| 2018-06-16 | Listing removed | $1,900 |
| 2018-05-22 | Price change | $1,900 |
| 2018-05-08 | Listed for rent | $2,000 |
| 2010-01-16 | Listing removed | $167,900 |
| 2009-12-17 | Price change | $167,900 |
| 2009-11-28 | Price change | $179,900 |
| 2009-10-19 | Price change | $197,900 |
| 2009-09-19 | Price change | $214,900 |
| 2009-09-04 | Listed for sale | $239,900 |
For Sale by Agent
View on Zillow