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$350,000 Just Listed
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Property Description
Prime Portland Investment Opportunity! Calling all investors, contractors, and visionaries. Located in a highly desirable Portland neighborhood, this 2-unit duplex at 15 Russell Street offers a rare chance to bring a multi-family property back to life. Priced aggressively this building is a true blank canvas awaiting a complete top-to-bottom renovation. Whether you are looking to execute a full condo-conversion, design a premium owner-occupied multi-family, or add a high-yield rental asset to your portfolio, the potential here is unmatched. The property requires extensive rehabilitation and is being sold strictly as-is, making it an ideal candidate for cash buyers or 203k/construction financing. Capitalize on Portland's exceptionally strong rental market and severe inventory shortage. Properties with this level of value-add potential are increasingly rare. Bring your architect, your contractor, and your imagination to unlock the immense equity waiting within these walls.
Full Property Details
Full Property Details for 15 Russell St
General
- Price: $350,000
- Taxes: $7,434 (2025)
- Status: Active
- Type: Duplex
- Source: MREIS
- MLS ID: 1683359
- Updated: 10/7/2026
- Added to Site: 3 day(s) ago
Interior
- Flooring: Carpet, Vinyl, Wood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Parking
- Parking Features: No Driveway, None
Location
- County: Cumberland
Heating & Cooling
- Cooling Type: None
- Heating Type: Oil, Steam
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Other
- Structure Type: Duplex
- Construction: Wood Frame, Vinyl Siding
- Basement: Yes
- Basement Desc.: Interior Entry, Partial, Brick/Mortar
- Roof: Fiberglass
- Square Feet: 2,209
- Finished Total: 2,209 Sq. Ft.
- Finished Above Grnd: 2,209 Sq. Ft.
- Year Built: 1910
Lot Features
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,613.6
- Zoning: Residential
- Lot Description: Intown, Near Shopping, Sidewalks
Financial Considerations
- Tax Amount: $7,434
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 12
Listed by Keller Williams Realty (207) 879-9800
Get Pre-Approved Today
Schools
Schools serving 15 Russell 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 | 1.6 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 15 Russell St
Date
Details
Price
Change
Source
10/06/2026
Listed
$350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 15 Russell St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,434
-7%
$620,500
16%
2024
$8,024
4%
$534,600
—
2023
$7,704
6%
$534,600
—
2022
$7,276
5%
$534,600
—
2021
$6,944
48%
$534,600
166%
2020
$4,685
—
$201,000
—
2019
$4,685
4%
$201,000
—
2018
$4,518
4%
$201,000
—
2017
$4,352
3%
$201,000
—
2016
$4,243
2%
$201,000
—
2015
$4,147
-14%
$201,000
-16%
2014
$4,800
3%
$240,000
—
2013
$4,658
—
$240,000
—
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 15 Russell St
15 Russell Street, Portland, ME 04102 (MLS# 1683359) is a Duplex property with 0 bedrooms and 2 full bathrooms. 15 Russell Street is currently listed for $350,000 and was received on October 06, 2026. Want to learn more about 15 Russell Street? Do you have questions about finding other Duplex real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

