142 Sherman St - Apartments FOR SALE


Portland, ME 04101- Parkside
$949,000 USD
207-899-7373
142 Sherman St, Portland, ME for Sale
$949,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

142 Sherman St
Portland, ME 04101
Parkside


HIGHLIGHTS

  • Fully leased
  • Parking for each unit
  • Large 2-3 bedroom units

OVERVIEW

Positioned in Portland’s desirable Parkside neighborhood, 142 Sherman Street is a fully occupied four-unit investment property offering stable in-place income in one of the city’s most sought-after residential neighborhoods. The property benefits from a walkable location just minutes from downtown, the Peninsula, and major commuter routes. The building features a functional unit mix with consistent occupancy, supported by strong rental demand in the surrounding area. The property has been well maintained and improved over time, with a series of updates to both unit interiors and key building systems, contributing to overall efficiency, condition, and long-term reliability. Tenants enjoy convenient access to local shops, restaurants, and services, supporting strong retention and continued demand.

FOR SALE DETAILS

PRICE

$949,000 USD

PRICE/SF

$265 USD /SF

# OF UNITS

4

PRICE/UNIT

$237,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1889

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

-

APN/PARCEL ID

PTLD-000048-000000-E002001

ASK ABOUT THIS PROPERTY

Joe AtwoodThe Dunham GroupMore Info
207-899-7373

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Joe AtwoodThe Dunham GroupMore Info
207-899-7373

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.