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743 Congress St 2 Unit Apartment Building $1,498,000 ($749,000/Unit) 7.50% Cap Rate Portland, ME 04102
Executive Summary
Rare opportunity to purchase this 10 unit mixed use investment property that was designed by the renowned architect “John Calvin Stevens” This property is in impeccable condition and offers under market street level retail + 9 units upstairs (3) 1 bedrooms + (3) studios & (3) rooms. When you walk into this trophy property you will notice the over the top detail giving you a pride of ownership! This building is minutes to the West End, Maine Health, Old Port and fabulous coffee shops and world class restaurants + bars! This easy to manage property would be a nice addition to an investors portfolio or great entry level investment as well!
Property Facts
| Price | $1,498,000 | Apartment Style | Low-Rise |
| Price Per Unit | $749,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 7.50% | Building Size | 9,744 SF |
| No. Units | 2 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | ||
| Zoning | B2 | ||
| Price | $1,498,000 |
| Price Per Unit | $749,000 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 9,744 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | B2 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Gas Range
- Walk-Up
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Exceptionally walkable
100/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | PTLD-000047-000000-A021001 | Improvements Assessment | $541,700 |
| Land Assessment | $209,000 | Total Assessment | $750,700 |
Property Taxes
Parcel Number
PTLD-000047-000000-A021001
Land Assessment
$209,000
Improvements Assessment
$541,700
Total Assessment
$750,700
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743 Congress St
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