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115 Clark Street, Portland, ME, 04102

4beds
3baths
2,784sqft
$1,199,000
$431price/sqft
$8,251/moest. monthly cost
$330,040/yrincome needed

About This Home

This well-maintained West End three-unit with off street parking presents a rare opportunity on the Portland peninsula. Suited for both investors and owner-occupants, the property offers flexibility, stability, and long-term value. Located just steps from the Arts District, downtown, and the Old Port, the setting provides exceptional walkability and convenience. The building has been thoughtfully maintained and boasts a strong history of attracting long-term, reliable tenants. Apartment 1 is a sunny first-floor 2-bedroom featuring a large kitchen, tile shower, attractive built-ins, and access to a deck. Apartment 2 is a unique second-floor 1-2 bedroom unit with a spacious bathroom, private rear entrance, and a versatile third-floor space with skylights- ideal as a second bedroom or home office. Apartment 3 is the crown jewel- a truly distinctive unit with soaring ceilings and exposed timber beams in the living area. Upstairs includes a bedroom and loft space, perfect for an office or additional sleeping area. This unit previously operated as a short-term rental and may be conveyed fully furnished. Rare off-street parking further enhances the property's appeal. Experienced buyers will immediately recognize the value of a professionally managed, carefully maintained multi-family in one of Portland's most desirable neighborhoods. A detailed list of improvements and features is available and reflects true pride of ownership throughout.

Getting Around

91
WalkingWalker's Paradise
49
TransitSome Transit
79
BikeVery Bikeable

Schools

2/10
King Middle SchoolGrades 6-80.7 mi
4/10
Portland High SchoolGrades 9-120.8 mi

Construction

Condition

  • Year built: 1884

Materials

  • Roof: Shingle
  • Construction materials: Wood Frame,Asbestos,Wood Siding

Type & Style

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

Interior

Appliances

  • Laundry features: Laundry - Coin

Basement

  • Has basement: Yes
  • Basement: Bulkhead,Interior Entry,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Flooring: Carpet,Tile,Wood
  • Finished area below ground: 0
  • Finished area above ground: 2,784

Heating & Cooling

  • Heating features: Baseboard,Forced Air,Hot Water,Zoned
  • Cooling features: None

Interior Area

  • Total structure area: 2,784
  • Total interior livable area: 2,784 sqft

Property

Details

  • Parcel number: PTLDM057BD036001
  • Zoning: RN-4

Features

  • Levels: Multi/Split
  • Patio & porch: Porch

Lot

  • Lot size: 3,049 sqft
  • Features: Near Turnpike/Interstate,Near Town,Neighborhood,Corner Lot,Level,Landscaped

Parking

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

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 WeatherVery High
  • Ice Storm
    Ice StormRelatively High
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Winter Weather
Ice Storm
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 $6,062$72,744
Home Insurance $365$4,380
Property Taxes $1,420$17,040
Electricity $404$4,856
Total$8,251$99,012

Income You'd Need if You Spent...

35% on housing$282,891/yr
40% on housing$247,530/yr
45% on housing$220,026/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

$431This listing

vs Other Active Listings

Avg $/sqft

ZIP 04102$465
Cumberland County$368

vs Homes Sold Last Month

Median $/sqft

ZIP 04102$397
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
2026-04-17Price change$1,250,000
2026-03-20Listed for sale$1,345,000
2023-11-02Listing removed--
2023-08-26Listed for rent$2,600
2022-09-28Listing removed--
2022-08-28Listed for rent$2,600
2021-05-10Sold$1,100,000
2021-02-25Listed for sale$1,085,000
2020-07-16Listing removed$2,200
2020-05-30Listed for rent$2,200
2020-02-15Listing removed$2,300
2019-12-02Listed for rent$2,300
2019-10-03Listing removed$2,295
2019-09-21Price change$2,295
2019-09-09Price change$2,495
2019-08-24Listed for rent$2,795

For Sale by Agent

BrokerageKeller Williams Realty

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