$1,499,000

Pending

Est. Mortgage $0/mo *

Quick Pre-Approval

Brochure

Call Text Schedule Tour Request More Information

56 Federal Street, Portland, ME, 04101

56 Federal Street, Portland, ME, 04101
View larger map Directions

6 Full baths

1907

Multi-Level

6,672 sqft

Welcome to 56-58 Federal Street, ideally positioned between Portland's Munjoy Hill neighborhood and the Old Port area, right in the heart of the city's central business district. This six-unit property presents an exceptional investment opportunity in one of Portland's most coveted locations. Tenants cover their own heating and electricity expenses. The roof, featuring a durable rubber membrane, was replaced just five years ago, and a state-of-the-art on-demand hot water heater was installed in 2022. Imagine residing moments away from the Eastern Promenade, offering stunning vistas of Casco Bay, East End Beach, and a convenient boat launch, all seamlessly connected to the Eastern Trail. Nearby, within a half-mile radius, you'll find a vibrant array of neighborhood restaurants, cafes, music venues, and cultural hotspots. Maine Law School is located .5 mile away and USM and UNE are within 2 miles. Enjoy easy access to an eclectic mix of breweries, boutiques, and eateries that define Portland's dynamic cultural scene. Embrace the lively pace of urban living and relish the myriad amenities of in-town life. Showing Time for group showings on 6/20 & 6/21 11:00 am-1:00 pm. Showings by appointment 10:00 am - 5:00 pm after 6/23.

Status:

Pending

Type:

Multi-family

Laundry Remarks:

Laundry - Coin

Units:

6

Zoning:

IS-FBC

Heating:

Heat Pump, Direct Vent Heater

Cooling:

Heat Pump

Energy Features:

Tankless Water Heater

Basement:

Dirt Floor, Full, Interior Entry, Unfinished

Levels:

3

Parking:

No Driveway, None

Acreage:

0.08

Est. Taxes:

$18,541

Construction

Vinyl Siding, Wood Frame

Utilities

Utilities On

Lot Description:

Level, Sidewalks, Historic District, Intown, Near Public Beach, Near Shopping, Neighborhood, Near Public Transit

Amenities:

1st Floor Bedroom, Shower, Walk-In Closet(s)

MLS #:

1593947

Community Info

School Info

Walk Score

Mass Transit

Yelp

Similar Properties

$1,600,000

19,584 sqft

163 Bates Street, Lewiston, ME, 04240

$1,500,000

10 baths

9,126 sqft

57 Winter Street, Topsham, ME, 04086

$1,450,000

2 baths

1,554 sqft

8 Railroad Avenue, Kennebunk, ME, 04043

Price Reduced!

$1,475,000

7 baths

9,854 sqft

280 Lincoln Street, South Portland, ME, 04106

$1,500,000

6 baths

5,376 sqft

21-23 Merrill Street, Portland, ME, 04101

Price Reduced!

$1,450,000

9 baths

6,671 sqft

65 High Street, Portland, ME, 04101

Price Reduced!

$1,600,000

4 baths

3,112 sqft

28 Union Street, Boothbay Harbor, ME, 04538

$1,400,000

107 Cross Road, Lagrange, (La Grange), ME, 12540

$1,356,000

2.5 baths

2,980 sqft

35 Frederic Street, Portland, ME, 04102

$1,495,000

2 baths

4,280 sqft

234 Middle Road, Falmouth, ME, 04105

Price Reduced!

$1,475,000

4 baths

2,131 sqft

285 Beach Avenue, Kennebunk, ME, 04043

Price Reduced!

$1,499,000

5 baths

7,446 sqft

671-675 Forest Avenue, Portland, ME, 04103

Price Reduced!

$1,520,000

8 baths

6,376 sqft

63 Fletcher Street, Kennebunk, ME, 04043

$1,350,000

4 baths

2,640 sqft

14 Union Avenue, Old Orchard Beach, ME, 04064

$1,400,000

8 baths

13,429 sqft

4 Commonwealth Drive, Augusta, ME, 04330

$1,450,000

4.5 baths

4,739 sqft

130 Neal Street, Portland, ME, 04102

New or Coming Soon Properties

New Listing!

$1,500,000

4 baths

5,454 sqft

22 Adams Lane, Ogunquit, ME, 03907

$1,500,000

5 baths

4,608 sqft

1024 Cape Road, Limington, ME, 04049

$1,295,000

3 baths

3,684 sqft

106 Oakdale Street, Portland, ME, 04103


Listing courtesy of Portside Real Estate Group