597 Main ST South Portland, ME 04106
3 Baths
3,630 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,630 sqft
Price per Sqft $246
MLS Listing ID 1665990
Full Baths 2
HOA Y/N No
Year Built 1920
Tax Year 2025
Lot Size 6,969 Sqft
Acres 0.16
Source Maine Listings
Land Area 3630
Property Description
Rare opportunity to acquire a well-maintained, income-producing mixed-use property in a highly visible Main Street location. This versatile three-unit building offers a diversified income stream with a gross annual income of $70,800, anchored by an established medical office occupying the entire first floor, providing the benefit of stable commercial tenancy.
The two residential units above provide additional rental income and strong tenant appeal. Each residential unit features its own washer and dryer, while tenants are responsible for their own heat and electricity -- helping reduce owner expenses and maximize net operating income.
Meticulously cared for and truly turnkey, the property offers desirable amenities including off-street parking for up to three residential vehicles, additional on-street parking for tenants, clients, and guests, and convenient access to public transportation.
Ideally positioned along South Portland's Main Street corridor, this property is close to local businesses, shopping, dining, downtown Portland, major commuter routes, and area amenities. With proven rental history, strong tenant demand, diversified commercial and residential income, and excellent visibility, this is a rare opportunity to own a stable, cash-flowing investment property in one of Southern Maine's most desirable markets.
Location
State ME
County Cumberland
Zoning LB
Direction Corner of Main Street (Route 1) and Keswick Road in South Portland
Rooms
Other Rooms Shed(s)
Basement Exterior Entry, Interior Entry, Full, Unfinished, Brick/Mortar
Interior
Heating Electric, Heat Pump
Cooling Heat Pump
Flooring Carpet, Linoleum, Luxury Vinyl
Furnishings Unfurnished
Window Features Double Pane Windows
Laundry Main Level, Upper Level
Exterior
Parking Features Common, Paved, 1 - 4 Spaces, Assigned, Off Street, On Street
Roof Type Shingle
Porch Porch
Garage No
Building
Lot Description Business District, Near Shopping, Near Turnpike/Interstate, Near Town, Corner Lot, Level, Sidewalks, Landscaped
Entry Level Multi-Level
Foundation Poured Concrete, Brick/Mortar
Water Public
Architectural Style Colonial
Level or Stories 3
Others
Tax ID SPOR-000053-000000-000272
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