Date
Details
Price
Change
Source
9/09/2026
Listed
$789,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$789,000 Just Listed
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Property Description
Investors and house hackers - this downtown Portland 3-unit offers a strong income with two 3-bedroom units currently renting for $2,700/month each, while the vacant third-floor 2-bedroom gives you the opportunity to generate more income, move in yourself, or make further improvements to build additional equity. The property is equipped with a sprinkler system, separate heat and electric, providing easy management and controlled expenses. Add to your investment portfolio or offset your housing costs with rental income.
Full Property Details
Full Property Details for 124 Sherman St
General
- Price: $789,000
- Taxes: $7,791 (2025)
- Status: Active
- Type: Multi-Family
- Source: MREIS
- MLS ID: 1679888
- Updated: Today (9/9/2026)
- Added to Site: Today
Interior
- Flooring: Vinyl, Wood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Additional Information
- Security/Safety: Fire Sprinkler System
Exterior
- Porch/Patio/Deck: Porch
Parking
- Parking Features: Other, 1 - 4 Spaces, Off Street, On Street
Location
- County: Cumberland
Community
- Pets Allowed: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: Gas Natural, Forced Air, Space Heater
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Other
- Construction: Wood Frame, Asbestos
- Basement: Yes
- Basement Desc.: Interior Entry, Full, Unfinished
- Roof: Shingle
- Stories/Levels: 3
- Square Feet: 3,030
- Finished Total: 3,030 Sq. Ft.
- Finished Above Grnd: 3,030 Sq. Ft.
- Year Built: 1896
Lot Features
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,613.6
- Zoning: RN-4
- Lot Description: Intown, Level, Sidewalks
Financial Considerations
- Operating Expenses: $24,756
- Tax Amount: $7,791
- Tax Year: 2025
Disclosures and Reports
- Block: E
- Lot Number: 6
Listed by Vitalius Real Estate Group, LLC (207) 541-3755
We Value Your Privacy
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Listing agents
— 124 Sherman St —
Vitalius Real Estate Group, LLC
207-541-3755
Vitalius Real Estate Group, LLC
207-541-3755
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 124 Sherman St
School District:Portland
| Name | Grades | Distance |
|---|---|---|
Howard C Reiche Community School 166 Brackett Street, Portland, ME 04102 | K-5 | 0.4 mi |
East End Community School 195 North Street, Portland, ME 04101 | PK-5 | 1.4 mi |
Deering High School 370 Stevens Avenue, Portland, ME 04103 | 9-12 | 1.7 mi |
Casco Bay High School 196 Allen Avenue, Portland, ME 04103 | 9-12 | 3.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 124 Sherman St
Tax History
Tax History for 124 Sherman St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,791
-4%
$650,300
20%
2024
$8,131
4%
$541,700
—
2023
$7,806
6%
$541,700
—
2022
$7,373
24%
$541,700
18%
2021
$5,956
—
$458,500
79%
2020
$5,956
—
$255,500
—
2019
$5,956
4%
$255,500
—
2018
$5,744
4%
$255,500
—
2017
$5,532
3%
$255,500
—
2016
$5,394
2%
$255,500
—
2015
$5,271
3%
$255,500
—
2014
$5,110
3%
$255,500
—
2013
$4,959
—
$255,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 124 Sherman St
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- Multi-Family
- Closed
- 3Units
- 0.06Acres
Listed by Vitalius Real Estate Group, LLC
Sold by Elevate Maine Realty
Sold by Elevate Maine Realty
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Sold by Better Homes & Gardens Real Estate/The Masiello Group
- Condo
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- 2Total Baths
- 1,525Sq. Ft.
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Sold by Elevate Maine Realty
Sold by Elevate Maine Realty
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Listed by Keller Williams Realty
Sold by Benchmark Real Estate
Sold by Benchmark Real Estate
124 Sherman Street, Portland, ME 04101 (MLS# 1679888) is a Multi-Family property with 3 units containing 0 bedrooms and 3 full bathrooms. 124 Sherman Street is currently listed for $789,000 and was received on September 09, 2026. Want to learn more about 124 Sherman Street? Do you have questions about finding other Multi-Family real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.