Portland, ME 04101 23 Hanover Street

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Presented By: Vitalius Real Estate Group, LLC;
  • MLS# 1617065
  • 03/25/2025
  • Request Tour
  • Request Info
  • Baths • 4
  • SQFT • 3,325

Home Details

This 4-unit is in the most up-and-coming neighborhood in Portland - steps from Batson River, Bayside Bowl, Wilson County BBQ, and Isa. The current rental income yields a 7+ cap rate and there are no base rents! The building has updated units with 4 separate heating systems, including 2 high-efficiency NG and 1 heat pump. A private full-length driveway and backyard make this an attractive home for an investment minded owner-occupant.
Presented By: Vitalius Real Estate Group, LLC;

Interior Features for 23 Hanover Street

Bathrooms

Half Baths0
Total Baths4

Other Interior Features

Above Grade Finished Area3325.0
Air Conditioning Y/NNo
BasementInterior, Bulkhead, Brick/Mortar, Full
Basement (Y/N)No
Below Grade Finished Area0.0
FlooringWood, Tile, Laminate
Heating Y/NYes

General for 23 Hanover Street

Additional Parcels Y/NNo
Architectural StyleOther
Attached Garage No
Carport Y/NNo
CityPortland
Construction MaterialsVinyl Siding, Wood Frame
CoolingNone
CountyCumberland
ElectricCircuit Breakers
Electric On Property Y/NNo
Full Baths4
Garage Spaces0.0
Garage Y/NNo
Gross Income98880.0
HOANo
HeatingBaseboard
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet3049.2
Lot Size UnitsAcres
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total4
Operating Expense21974.0
Property TypeMulti-Family
Property_sp_Information_co_Owner_sp_OccupiedNo
Rent Control Y/NNo
RoofShingle
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount8823.0
Tax Lot2
Tax Year2024
UtilitiesUtilities On
Waterfront Y/NNo
Year Built1915
ZoningB2B

Exterior for 23 Hanover Street

Building Area Total3325.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSidewalks, Intown, Near Shopping, Near Turnpike/Interstate
Lot Size Acres0.07
Lot Size Area0.07
Lot Size SourcePublic Records
Open Parking Y/NNo
Parking Features1 - 4 Spaces, Paved, Off Street, Tandem
Road Surface TypePaved
SpaNo
Water SourcePublic

Additional Details

Price History

Linda Dupuis

Broker
Price $995,000
MLS#1617065
List Date 03/25/2025
Property Type Multi-Family
Phone 207.522.1744
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Request Info
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