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$1,150,000

  • Sold
  • Closed
  • Multi-Family
  • 0.13 Acres
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Deceptively simple outside, this East End multi-family is fully furnished, turn-key, has a strong furnished-rental income history, and has a parking lot to boot! Inside is much bigger than it appears, with three 2-bedrooms units plus a full guest studio. Each unit has been renovated with a charming, coastal touch and the location is highly desirable to short, medium, and long term tenants and buyers looking to live downtown. This location might just be one of the most walkable on Portland's East Side, sitting at the intersection of Washington's ''restaurant row,'' India Street's gateway to the waterfront, Munjoy Hill's stunning park, and East End Beach. The 5,998 SF lot currently offers a large parking lot and quaint courtyard with the future potential to add additional units. The 1980's construction is a refreshingly attractive alternative to the typical 100+ year old Portland building.

Full Property Details for 197 Congress St

General

  • Sold For: $1,150,000
  • Taxes: $9,503 (2022)
  • Status: Closed
  • Type: Multi-Family
  • Source: MREIS
  • MLS ID: 1550802
  • Added to Site: 1, 137 day(s) ago

Interior

  • Flooring: Laminate, Tile, Wood

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Additional Information

  • Amenities: Laundry - Coin, Shed

Parking

  • Parking Features: 1 - 4 Spaces, Off Street
  • Garage Description: No Vehicle Storage

Location

  • County: Cumberland
  • Location Details: In Town, Near Public Beach, Near Shopping, Near Town, Near Turnpike/Interstate

Heating & Cooling

  • Cooling Type: Heat Pump
  • Heating Type: Baseboard, Heat Pump, Hot Water
  • Heating Fuel: Gas Natural

Utilities

  • Gas: Natural - At Street
  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Multilevel, Split Entry
  • Construction: Wood Frame
  • Exterior Const.: Vinyl Siding
  • Basement Desc.: Finished
  • Roof: Shingle
  • Square Feet: 3,162
  • Finished Total: 3,162 Sq. Ft.
  • Year Built: 1989

Lot Features

  • Lot Size (Acres): 0.13
  • Street/Road Desc.: Paved, Public
  • Driveway/Sidewalk: Paved
  • Zoning: B1
  • Lot Description: Level, Open, Sidewalks

Financial Considerations

  • Tax Amount: $9,503
  • Tax Year: 2022

Disclosures and Reports

  • Surveyed: Yes
  • Lot Number: 20-21

Vitalius Real Estate Group, LLC

Listing agent

— 197 Congress St —

  • Vitalius Real Estate Group, LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 197 Congress St

School District:Portland
NameGradesDistance
East End Community School
195 North Street, Portland, ME 04101
PK-50.5 mi
King Middle School
92 Deering Avenue, Portland, ME 04102
6-81.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 197 Congress St

Date
Details
Price
Change
Source
5/01/2023
Sold
$1,150,000
-4.09%
MLS
1/11/2023
Listed
$1,199,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Vitalius Real Estate Group, LLC

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Price Reduced near 197 Congress St

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17 Spring St, South Portland, ME 04106 - Photo 1 Price Reduced
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Recent Sales near 197 Congress St

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113 Newbury St, Portland, ME 04101 - Photo 1 Sold
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Sold by Vitalius Real Estate Group, LLC

197 Congress Street, Portland, ME 04101 (MLS# 1550802) is a Multi-Family property that was sold at $1,150,000 on May 01, 2023. Want to learn more about 197 Congress 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.