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Two Units. Double Lot. Endless Possibilities. 499 Brighton Ave 2 Unit Apartment Building $849,000 ($424,500/Unit) Portland, ME 04102
Investment Highlights
- Residential income opportunity
- Desirable and convenient location
- Detached garage on adjoining lot
Executive Summary
Opportunity, flexibility, and location come together in this Craftsman Inspired two-unit property in the heart of Portland. Each townhouse-style unit offers a generous layout with 3-4 bedrooms, providing ample living space for owner-occupants, multi-generational living, or strong rental potential. Set on a rare double-lot configuration, the property includes a detached garage situated on its own lot, opening the door to future possibilities including potential expansion or additional development (buyer to verify with the City of Portland). Opportunities with this level of flexibility are increasingly difficult to find within the city. The property has not previously been registered as a rental with the City of Portland, offering the next owner the opportunity to establish registration and determine the future use that best fits their goals. Whether you're looking to live in one unit while generating income from the other, expand your investment portfolio, or explore future development potential, this property offers a unique opportunity in one of Portland's most desirable and convenient locations.
Property Facts
| Price | $849,000 | Apartment Style | Low-Rise |
| Price Per Unit | $424,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| No. Units | 2 | Building Size | 3,459 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1916 |
| Zoning | RN-3 - Residential Neighborhood 3 - s a high-density residential classification implemented as part of the "ReCode Portland" initiative. | ||
| Price | $849,000 |
| Price Per Unit | $424,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 3,459 SF |
| No. Stories | 3 |
| Year Built | 1916 |
| Zoning | RN-3 - Residential Neighborhood 3 - s a high-density residential classification implemented as part of the "ReCode Portland" initiative. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+1 | 2 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | PTLD-000177-000000-A016001 | Improvements Assessment | $453,300 |
| Land Assessment | $77,000 | Total Assessment | $530,300 |
Property Taxes
Parcel Number
PTLD-000177-000000-A016001
Land Assessment
$77,000
Improvements Assessment
$453,300
Total Assessment
$530,300
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Two Units. Double Lot. Endless Possibilities. | 499 Brighton Ave
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