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317-319 Valley Street, Portland, ME 04102
$930,000
317-319 Valley Street, Portland, ME 04102View this property at 317-319 Valley Street, Portland, ME 04102
317-319 Valley StreetPortlandME04102
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Property Description
Incredible turnkey Triplex with strong cash flow (114K+ income), perfect for Investment or owner occupancy. This updated property with many recent improvements is conveniently situated in downtown Portland with easy access to Maine Med, restaurants, shopping, and much more. This low-maintenance updated building offers spacious 3 apartments, two are 4 bedroom, 1.5 bath and third floor unit features 5 bedrooms and 2 full bathrooms. The financials for this property are outstanding, with projected yearly profit of $94K+. Alternatively, an owner could choose to reside in one of the apartments while renting out the others to cover most of the mortgage. With a low maintenance updated units with 3 great tenants, small rear yard, three deeded off street parking spots, fantastic rental income, and downtown location, this is a rare opportunity that should not be missed. Investors take notice, Seller is offering 2 turnkey cash flowing downtown properties with 147K+ NOI rare 9.2+% cap rate. Great to make more income from less tenants
Full Property Details
Full Property Details for 317-319 Valley St
General
- Sold For: $930,000
- Taxes: $10,862 (2023)
- Status: Closed
- Type: Multi-Family
- MLS ID: 1573930
- Added to Site: 231 day(s) ago
Interior
- Interior Features: 1st Floor Bedroom
- Flooring: Wood, Tile, Laminate
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Other Rooms
- Laundry: Washer Hookup
Parking
- Parking Features: 1 - 4 Spaces, Paved, Common, Off Street
Location
- County: Cumberland
Heating & Cooling
- Cooling Type: None
- Heating Type: Multi-Zone, Hot Water, Forced Air, Direct Vent Furnace, Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Multilevel
- Detached/Attached: Detached
- Construction: Vinyl Siding, Clapboard, Wood Frame
- Basement Desc.: Dirt Floor, Full, Interior Entry, Unfinished
- Roof: Membrane
- Stories/Levels: 3
- Building Size: 3450
- Square Feet: 3,450
- Finished Total: 3,450 Sq. Ft.
- Finished Above Grnd: 3,450 Sq. Ft.
- Year Built: 1911
Lot Features
- Lot Size (Acres): 0.08
- Lot Size (Sq. Ft.): 3,484.8
- Lot Size Source: Public Records
- Zoning: B2
- Lot Description: Level, Sidewalks, Interior Lot, Near Shopping, Near Town, Near Public Transit, Near Railroad
Financial Considerations
- Tax Amount: $10,862.26
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Documents Avail.: Property Disclosure Member Only, Deed Member Only, Lead Paint Addendum Member Only
- Block: D
- Lot Number: 2
Listed by Real Broker (207) 272-3984
Malone Commercial Brokers, Inc. (207) 772-2422
Get Pre-Approved Today
Schools
Schools serving 317-319 Valley St
Rating | Name | Grades | Distance |
---|---|---|---|
166 Brackett St, Portland, ME 04102 | K-5 | 0.6 mi | |
432 Stevens Ave, Portland, ME 04103 | PK-5 | 1.5 mi | |
150 Ocean Ave, Portland, ME 04103 | PK-5 | 1.6 mi | |
92 Deering Ave, Portland, ME 04102 | 6-8 | 0.3 mi | |
522 Stevens Ave, Portland, ME 04103 | 6-8 | 1.7 mi | |
240 Ocean St, S Portland, ME 04106 | 6-8 | 2 mi | |
284 Cumberland Ave, Portland, ME 04101 | 9-12 | 1 mi | |
370 Stevens Ave, Portland, ME 04103 | 9-12 | 1.4 mi | |
637 Highland Ave, S Portland, ME 04106 | 9-12 | 2.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 317-319 Valley St
Date
Details
Price
Change
Source
12/15/2023
Sold
$930,000
-6.99%
MLS
10/04/2023
Listed
$999,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
317-319 Valley Street, Portland, ME 04102 (MLS# 1573930) is a Multi-Family property that was sold at $930,000 on December 15, 2023. Want to learn more about 317-319 Valley 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.