Bought with Porta & Company
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16 Gilman ST Portland, ME 04102
SOLD DATE : 06/13/2023Want to know what your home might be worth? Contact us for a FREE valuation!

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Key Details
Sold Price $1,021,000
Property Type Multi-Family
Listing Status Sold
Square Footage 4,902 sqft
MLS Listing ID 1556605
Sold Date 06/13/23
Style Multi-Level
Full Baths 6
HOA Y/N No
Abv Grd Liv Area 4,902
Year Built 1912
Annual Tax Amount $13,222
Tax Year 2022
Lot Size 5,662 Sqft
Acres 0.13
Source Maine Listings
Land Area 4902
Property Description
West End 6 unit ideally located next door to Maine Medical Center on a dead end street just steps from the park entrance and the Western Prom. Located across the street from a wooded area and next to the park makes it hard to believe this is on the coveted downtown peninsula and just a short walk to Hadlock Field, the Expo, Union Station Plaza and many area shops and restaurants. 1 mile from University of Southern Maine, 3 miles from the Portland Jetport and next door to the hospital all make this a highly desirable and easily rented apartment building. The property has vinyl siding, new rear decks, new front entry stairs and new side walkways plus a brand new roof in 2019. Brick foundation was repointed in several areas as needed. Natural gas heat and updated separated electrical panels. Tenants pay for their own heat & electricity. All the major work has been done. These units feature hardwood floors, period moldings and high ceilings. Most have updates in the kitchens and baths but some units could benefit from cosmetic upgrades. Situated on 5767 sq. ft lot in an R6 zone. Potential for expansion of existing units especially in the huge basement level area with very high ceilings or possibly adding unit(s). both 6 and 8 units are referenced in the town records. It is recommended that buyers check with the city directly about any possible changes to what exists currently. Some long term tenants in place with rents well below market. Group showings only.
Location
State ME
County Cumberland
Zoning R6
Rooms
Basement Daylight, Full, Walk-Out Access, Unfinished
Interior
Interior Features 1st Floor Bedroom, Bathtub, Shower, Storage
Heating Direct Vent Heater
Cooling None
Flooring Wood
Fireplace No
Laundry Washer Hookup
Exterior
Parking Features No Driveway, None
Fence Fenced
Utilities Available 1
View Y/N Yes
View Trees/Woods
Roof Type Flat
Street Surface Paved
Porch Deck
Garage No
Building
Lot Description Rolling Slope, Intown
Story 2
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Multi-Level
Structure Type Vinyl Siding,Wood Frame
Others
Energy Description Gas Natural
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