Date
Details
Price
Change
Source
11/24/2025
Listed
$740,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/8
$740,000 Sale Pending
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1/8
Property Description
Fantastic investment opportunity-a three-unit multifamily property at 7 Cherry Street-offers strong rental potential in one of Maine's most desirable and consistently growing markets. Located just minutes from downtown, the Old Port, restaurants, amenities, and major commuter routes, this property attracts high-quality tenants and ensures steady demand year-round. With functional layouts and a solid rental history, this building is an ideal addition to any investor's portfolio or a great first acquisition for someone entering the Portland multifamily market, checking all the boxes whether you seek stable cash flow, long-term appreciation, or a value-add opportunity.
Full Property Details
Full Property Details for 7 Cherry St
General
- Price: $740,000
- Taxes: $8,536 (2025)
- Status: Pending
- Type: Multi-Family
- Source: MREIS
- MLS ID: 1644239
- Updated: 1/7/2026
- Added to Site: 57 day(s) ago
Interior
- Flooring: Laminate
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Exterior
- Porch/Patio/Deck: Deck
Parking
- Parking Features: 5 - 10 Spaces, Paved
Location
- County: Cumberland
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Water, Direct Vent Heater, Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: New Englander
- Construction: Vinyl Siding, Wood Frame
- Roof: Shingle
- Stories/Levels: 3
- Building Size: 2923
- Square Feet: 2,923
- Living Area: 2,923 Sq. Ft.
- Finished Total: 2,923 Sq. Ft.
- Finished Above Grnd: 2,923 Sq. Ft.
- Year Built: 1875
Lot Features
- Lot Size (Acres): 0.18
- Lot Size (Sq. Ft.): 7,840.8
- Lot Size Source: Public Records
- Zoning: R6
- Lot Description: Level, Sidewalks, Intown, Near Turnpike/Interstate, Near Public Transit
Financial Considerations
- Tax Amount: $8,536.3
- Tax Year: 2025
Disclosures and Reports
- Block: A
- Lot Number: 6
Listed by RE/MAX Oceanside (207) 799-7600
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Listing agents
— 7 Cherry St —
RE/MAX Oceanside
207-799-7600
RE/MAX Oceanside
207-799-7600
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 7 Cherry St
School District:Portland
| Name | Grades | Distance |
|---|---|---|
Ocean Avenue 150 Ocean Avenue, Portland, ME 04103 | K-5 | 1.6 mi |
King Middle School 92 Deering Avenue, Portland, ME 04102 | 6-8 | 0.4 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 7 Cherry St
Tax History
Tax History for 7 Cherry St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,274
4%
$551,200
—
2023
$7,943
6%
$551,200
—
2022
$7,502
5%
$551,200
—
2021
$7,160
14%
$551,200
104%
2020
$6,303
—
$270,400
—
2019
$6,303
4%
$270,400
—
2018
$6,079
4%
$270,400
—
2017
$5,854
3%
$270,400
—
2016
$5,708
2%
$270,400
—
2015
$5,578
3%
$270,400
—
2014
$5,408
3%
$270,400
—
2013
$5,248
—
$270,400
—
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 7 Cherry St
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- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 2Total Baths
- 2,152Sq. Ft.
Listed by Signature Homes Real Estate Group, LLC
- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 1Total Bath
- 1,322Sq. Ft.
Listed by Keller Williams Realty
- Single Family
- Active
- Updated 6 days ago
- 3Beds
- 2Total Baths
- 1,627Sq. Ft.
Listed by Keller Williams Realty
- Single Family
- Active
- Updated 21 hours ago
- 2Beds
- 1Total Bath
- 744Sq. Ft.
Listed by The Real Estate Store
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- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 1,608Sq. Ft.
Listed by Keller Williams Realty
- Single Family
- Active
- Updated 6 days ago
- 5Beds
- 4Total Baths
- 3,462Sq. Ft.
Listed by RE/MAX By The Bay
- Multi-Family
- Active
- Updated 6 days ago
- 2Units
- 0.91Acres
Listed by RE/MAX By The Bay
- Condo
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,850Sq. Ft.
Listed by The Real Estate Store
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- Multi-Family
- Closed
- 3Units
- 0.12Acres
Listed by Sell Your Home Services
Sold by Portside Real Estate Group
Sold by Portside Real Estate Group
- Multi-Family
- Closed
- 3Units
- 0.11Acres
Listed by The Real Estate Store
Sold by Home At Last Realty
Sold by Home At Last Realty
- Single Family
- Closed
- 5Beds
- 3Total Baths
- 2,342Sq. Ft.
Listed by Keller Williams Realty
Sold by The Maine Real Estate Experience
Sold by The Maine Real Estate Experience
- Condo
- Closed
- Updated 7 days ago
- 2Beds
- 2Total Baths
- 1,278Sq. Ft.
Listed by Portside Real Estate Group
Sold by Cottage & Co Real Estate
Sold by Cottage & Co Real Estate
7 Cherry Street, Portland, ME 04102 (MLS# 1644239) is a Multi-Family property with 3 units containing 0 bedrooms and 3 full bathrooms. 7 Cherry Street is currently listed for $740,000 and was received on November 24, 2025. Want to learn more about 7 Cherry 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.