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$1,319,000 Just Listed
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Property Description
Prime 5-unit multifamily investment opportunity in Portland's desirable West End. Featuring four 2-bedroom units and two 1-bedroom units, this income-producing property offers excellent tenant demand, and future upside potential. Owner initiated process to legalize 6th unit with fire escape addition but was unable to resolve with the city. The current owner has offered the units to his employees at a discounted rental rate. The property had a safety inspection completed by the city with the third floor broken up into two, two-bedroom units instead of one combined four-bedroom unit. Conveniently located minutes from Downtown Portland, Maine Medical Center, restaurants, shops, and public transportation. A rare opportunity to acquire a well-located multifamily asset. Group showings: Tuesday, June 23rd at 10am - 11:30am Thursday, June 25th at 12pm - 1:00pm All showings after group showings will be by appointment only. Allow at least 24 hours to notify tenants.
Full Property Details
Full Property Details for 146 Sherman St
General
- Price: $1,319,000
- Taxes: $12,664 (2026)
- Status: Active
- Type: Commercial Multi-Family
- Source: MREIS
- MLS ID: 1668100
- Updated: 6/23/2026
- Added to Site: 6 day(s) ago
Business
- Business Type: Commercial, Other
Interior
- Flooring: Carpet, Vinyl, Wood
Parking
- Parking Features: None, Off Street
Location
- County: Cumberland
Heating & Cooling
- Cooling Type: None
- Heating Type: Gas Natural, Baseboard, Hot Water, Zoned, Radiator
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Wood Frame, Vinyl Siding
- Basement: Yes
- Basement Desc.: Full, Unfinished, Brick/Mortar
- Roof: Pitched, Shingle
- Square Feet: 5,650
- Year Built: 1910
- Other Struct. Feat.: Fire System
Lot Features
- Lot Size (Acres): 0.1
- Lot Size (Sq. Ft.): 4,356
- Zoning: R6
- Lot Description: Near Shopping
Financial Considerations
- Operating Expenses: $51,257
- Tax Amount: $12,664
- Tax Year: 2026
Disclosures and Reports
- Block: E
- Lot Number: 1
Listed by EXP Realty (888) 439-8743
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Schools
Schools serving 146 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 | 1.5 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 146 Sherman St
Date
Details
Price
Change
Source
6/19/2026
Listed
$1,319,000
56.21%
MLS
9/24/2019
Sold
$844,375
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 146 Sherman St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,664
-12%
$1,057,100
10%
2024
$14,365
4%
$957,000
—
2023
$13,790
6%
$957,000
—
2022
$13,025
5%
$957,000
—
2021
$12,431
40%
$957,000
151%
2020
$8,886
—
$381,200
—
2019
$8,886
4%
$381,200
—
2018
$8,569
4%
$381,200
—
2017
$8,253
3%
$381,200
—
2016
$8,047
2%
$381,200
—
2015
$7,864
3%
$381,200
—
2014
$7,624
3%
$381,200
—
2013
$7,430
—
$382,800
—
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 146 Sherman St
146 Sherman Street, Portland, ME 04101 (MLS# 1668100) is a Commercial Multi-Family property. 146 Sherman Street is currently listed for $1,319,000 and was received on June 19, 2026. Want to learn more about 146 Sherman Street? Do you have questions about finding other Commercial 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.

