Recently Viewed Properties
See This Home
Save This Listing
Close

$2,200,000

  • Sold
  • Closed
  • Multi-Family
  • 7 Units
  • 0.26 Acres
See This Home
Save This Home
See This Home
Save This Home
Rare opportunity in one of New England's most desirable coastal communities! Ideally located on a quiet street atop Portland's historic Munjoy Hill, this seven-unit multifamily includes a separate buildable lot - an extraordinary find in one of the city's most coveted RN4 (formerly R6) residential zones. Originally built as a classic double-triple, the property now offers seven well-maintained units with significant updates, modern life-safety systems, and individual utilities - each tenant pays their own heat, hot water, and electricity. The building has been carefully maintained, and rents have kept pace with the market, producing an NOI of ~ $107,000 and a healthy 5% cap rate with strong, consistent income. The real value lies in the adjoining buildable lot, capable of supporting 9 new residential units. Buildings in this zone may reach up to 45 feet in height, offering commanding ocean and city views. The property has already been surveyed, and preliminary civil engineering and lot division work have been completed and are available for review. From the upper floors of the existing structure - and any future development views of Casco Bay, the working waterfront and city skyline await, a rare perspective even on East End. Whether you're an investor seeking strong income with upside potential or a developer ready to capitalize on a premier site, this property checks every box.

Full Property Details for 55-57-59 St Lawrence St

General

  • Sold For: $2,200,000
  • Taxes: $18,906 (2026)
  • Status: Closed
  • Type: Multi-Family
  • Source: MREIS
  • MLS ID: 1640137
  • Added to Site: 164 day(s) ago

Interior

  • Interior Features: 1st Floor Bedroom, Bathtub, One-Floor Living, Other, Pantry, Shower, Storage
  • Flooring: Wood, Vinyl, Tile, Laminate

Rooms

Bathrooms

  • Total Bathrooms: 7
  • Full Bathrooms: 7

Other Rooms

  • Laundry: Washer Hookup, Laundry - Coin

Additional Information

  • Equipment: Internet Access Available, Cable

Exterior

  • Porch/Patio/Deck: Porch

Parking

  • Parking Features: 11 - 20 Spaces, Gravel, Paved, On-Site Parking

Location

  • County: Cumberland
  • Subdivision: Munjoy Hill Neighborhood Conservation District

Community

  • Pets Allowed: Yes

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Direct Vent Heater

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Utilities On

Structural Information

  • Architectural Style: Other
  • Construction: Vinyl Siding, Wood Frame
  • Roof: Flat
  • Windows: Double Pane Windows
  • Stories/Levels: 3
  • Building Size: 9600
  • Square Feet: 9,600
  • Living Area: 9,600 Sq. Ft.
  • Finished Total: 9,600 Sq. Ft.
  • Finished Above Grnd: 9,600 Sq. Ft.
  • Year Built: 1915

Additional Structures

  • Other Structures: Shed(s)

Lot Features

  • Property View: Scenic
  • Lot Size (Acres): 0.26
  • Lot Size (Sq. Ft.): 11,325.6
  • Lot Size Source: Public Records
  • Zoning: RN-4
  • Lot Description: Rolling/Sloping, Level, Sidewalks, Intown, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Neighborhood, Near Public Transit, Near Railroad
  • Fencing (Description): Fenced

Green Features

  • Energy Efficient: Ceiling Fans

Financial Considerations

  • Tax Amount: $18,906
  • Tax Year: 2026

Disclosures and Reports

  • Block: E
  • Lot Number: 16-19

Listed and Sold by Benchmark Real Estate (207) 775-0248

Listing agent

— 55-57-59 St Lawrence St —

  • Benchmark Real Estate

    207-775-0248

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

Price & Sales History for 55-57-59 St Lawrence St

Date
Details
Price
Change
Source
2/27/2026
Sold
$2,200,000
-2.22%
MLS
10/07/2025
Listed
$2,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Benchmark Real Estate (207) 775-0248

Just Listed near 55-57-59 St Lawrence St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

15 Myrtle Ave, South Portland, ME 04106 - Photo 1 Just Listed
$1,475,000
Open House

15 Myrtle Ave  South Portland, ME 04106

  • Single Family
  • Active
  • Updated 1 day ago
  • 4
    Beds
  • 2
    Total Baths
  • 1,540
    Sq. Ft.
Listed by Town & Shore Real Estate
148 Breakwater Dr, South Portland, ME 04106 - Photo 1 Just Listed
$1,100,000

148 Breakwater Dr  #11  South Portland, ME 04106

  • Condo
  • Active
  • Updated 3 hours ago
  • 2
    Beds
  • 3
    Total Baths
  • 1,584
    Sq. Ft.
Listed by Legacy Properties Sotheby's International Realty
148 Breakwater Dr, South Portland, ME 04106 - Photo 1 Just Listed
$300,000

148 Breakwater Dr  #619  South Portland, ME 04106

  • Condo
  • Active
  • Updated 2 days ago
  • 1
    Bed
  • 1
    Total Bath
  • 567
    Sq. Ft.
Listed by Getty Real Estate Services, LLC
35 McKinley St, South Portland, ME 04106 - Photo 1 Just Listed
$490,000
Open House

35 McKinley St  South Portland, ME 04106

  • Single Family
  • Active
  • Updated 1 day ago
  • 3
    Beds
  • 1
    Total Bath
  • 1,515
    Sq. Ft.
Listed by RE/MAX Oceanside

Price Reduced near 55-57-59 St Lawrence St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

1 Karynel Dr, South Portland, ME 04106 - Photo 1 Price Reduced
-$5,000 (-1%)
$495,000
Open House

1 Karynel Dr  #1  South Portland, ME 04106

  • Condo
  • Active
  • Updated 4 days ago
  • 3
    Beds
  • 3
    Total Baths
  • 1,598
    Sq. Ft.
Listed by Cottage & Co Real Estate
13 Oakwood Dr, South Portland, ME 04106 - Photo 1 Price Reduced
-$5,000 (-0.69%)
$719,900
Open House

13 Oakwood Dr  South Portland, ME 04106

  • Single Family
  • Active
  • Updated 22 hours ago
  • 3
    Beds
  • 3
    Total Baths
  • 2,891
    Sq. Ft.
Listed by Linscott Real Estate
134 - 136 Sawyer St, South Portland, ME 04106 - Photo 1 Price Reduced
-$10,000 (-1.59%)
$619,000

134 - 136 Sawyer St  South Portland, ME 04106

  • Multi-Family
  • Active
  • Updated 1 day ago
  • 2
    Units
  • 0.11
    Acres
Listed by Pine Tree Realty of Maine
259 Falmouth Rd, Falmouth, ME 04105 - Photo 1 Price Reduced
-$15,000 (-1.78%)
$830,000
Open House

259 Falmouth Rd  Falmouth, ME 04105

  • Single Family
  • Active
  • Updated 1 day ago
  • 3
    Beds
  • 3
    Total Baths
  • 2,222
    Sq. Ft.
Listed by Maine Home Connection

Recent Sales near 55-57-59 St Lawrence St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

62 India St, Portland, ME 04101 - Photo 1 Sold
$1,905,000

62 India St  #408  Portland, ME 04101

  • Condo
  • Closed
  • 2
    Beds
  • 3
    Total Baths
  • 2,211
    Sq. Ft.
Listed by Town & Shore Real Estate
Sold by Waypoint Brokers Collective
28 Monument Sq, Portland, ME 04101 - Photo 1 Sold
$2,115,000

28 Monument Sq  #1  Portland, ME 04101

  • Condo
  • Closed
  • 2
    Beds
  • 2
    Total Baths
  • 3,460
    Sq. Ft.
Listed by Portside Real Estate Group
Sold by Redfin Corporation
51 Carleton St, Portland, ME 04102 - Photo 1 Sold
$2,336,688

51 Carleton St  #A  Portland, ME 04102

  • Condo
  • Closed
  • Updated 9 days ago
  • 4
    Beds
  • 5
    Total Baths
  • 2,883
    Sq. Ft.
Listed by Waypoint Brokers Collective
Sold by Keller Williams Realty
51 Carleton St, Portland, ME 04102 - Photo 1 Sold
$2,099,000

51 Carleton St  #B  Portland, ME 04102

  • Condo
  • Closed
  • 4
    Beds
  • 5
    Total Baths
  • 3,089
    Sq. Ft.
Listed by Waypoint Brokers Collective
Sold by LandVest, Inc.

55-57-59 St Lawrence Street, Portland, ME 04101 (MLS# 1640137) is a Multi-Family property that was sold at $2,200,000 on February 27, 2026. Want to learn more about 55-57-59 St Lawrence 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.