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$725,000

  • Sold
  • Closed
  • Multi-Family
  • 3 Units
  • 0.18 Acres
See This Home
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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 for 7 Cherry St

General

  • Sold For: $725,000
  • Taxes: $8,536 (2025)
  • Status: Closed
  • Type: Multi-Family
  • Source: MREIS
  • MLS ID: 1644239
  • Added to Site: 139 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
Sold by Dream Home Realty LLC (207) 300-4663

Listing agents

— 7 Cherry St —

  • RE/MAX Oceanside

    207-799-7600

  • RE/MAX Oceanside

    207-799-7600

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 7 Cherry St

School District:Portland
NameGradesDistance
Ocean Avenue
150 Ocean Avenue, Portland, ME 04103
K-51.6 mi
King Middle School
92 Deering Avenue, Portland, ME 04102
6-80.4 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 7 Cherry St

Date
Details
Price
Change
Source
2/06/2026
Sold
$725,000
-2.03%
MLS
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.

Listed by RE/MAX Oceanside (207) 799-7600
Sold by Dream Home Realty LLC (207) 300-4663

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Price Reduced near 7 Cherry St

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148 Breakwater Dr, South Portland, ME 04106 - Photo 1 Price Reduced
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Recent Sales near 7 Cherry St

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7 Cherry Street, Portland, ME 04102 (MLS# 1644239) is a Multi-Family property that was sold at $725,000 on February 06, 2026. 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.