Property Description
SELLER FINANCING AVAILABLE! An exceptional opportunity to own a beautifully maintained, income-producing three-unit property in Portland's highly desirable West End. Whether you're an investor looking for an established rental property or a future owner-occupant seeking the benefits of rental income, 115 Clark Street offers a rare combination of location, quality, and flexibility. Pride of ownership is evident throughout, with thoughtfully updated interiors, inviting living spaces, and three distinctive residences that offer character, comfort, and functionality. The property is fully occupied with established tenants, generating $91,500 in current annual rental income. Each residence offers its own appeal, including two units with loft spaces, a furnished apartment, and two outdoor decks. Five off-street parking spaces are a standout advantage in this sought-after neighborhood, complemented by shared on-site laundry and a convenient location just moments from the restaurants, coffee shops, galleries, and vibrant cultural scene that make Portland's West End so desirable. For investors, the property offers established income, documented operating expenses, and potential rental upside. For buyers dreaming of living in Portland while building equity, the three-unit configuration presents an appealing future owner-occupancy opportunity, subject to existing tenancy arrangements. Opportunities combining this level of care, an exceptional West End location, five off-street parking spaces, and available seller financing don't come along every day. Live in it, invest in it, or make it part of your long-term portfolio. 115 Clark Street is ready for its next chapter.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Bulkhead, Interior Entry, Sump Pump, Unfinished
Heating: Gas Natural, Oil, Baseboard, Forced Air, Hot Water, Zon
Home Style: Other
Lot Size: 0.07 Acres
Roof Type: Shingle
Taxes: $11,679
Year Built: 1884
Feature Descriptions
Amenities: Main Level, Laundry - Coin, Security System
Electric: Circuit Breakers
Exterior: Wood Frame, Asbestos, Wood Siding
Flooring: Carpet, Tile, Wood
Lot: Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Corner Lot, Level, Landscaped
Parking: Common, Paved,5 - 10 Spaces, Off Site
Road Surface: Paved
Sewer: Public Sewer
SQ FT Above Grade: 2784
SQ FT Below Grade: 0
Water: Public
115 Clark Street | MLS# 1685200
This multi-family property located at 115 Clark Street, Portland, ME 04102 is currently listed for sale with an asking price of $1,049,000. Search Portland real estate on debrees.masiellogrouprealestate.com today.