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$1,050,000

For Sale

18 days ago

3-units - 583 Washington Ave, Portland, ME

House

MLS® 1682008

0 Bed

3 Bath

4107 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 4107 sqft
Garage 
Taxes $10,897
Days Active 18
Lot Size 6156 Acres
Approx. Age 1900
Avg. Price Per Sqft $255
MLS® Number 1682008

Property Address: 3-units-583 Washington Ave, Portland, ME, 04103-5119

Average square foot calculated using Size range provided by listing agent.

Description

A classic Portland triple decker in the East Deering neighborhood, offering a rare dual opportunity: strong rental income for investors, or immediate move-in potential for owner-occupants (second floor has been left vacant) looking to offset their mortgage with rental income. The numbers: a strong existing rent roll of $8, 240 per month, plus coin-operated laundry income of $1k per year, with 11 off-street parking spaces on site — a major advantage in Portland. Built in 1900 and spanning 4, 107 total square feet, all three units share an unusually generous layout, each with three bedrooms, one bathroom, a living room, dining room, kitchen, pantry, private storage, and outdoor porches for 2 of the units — giving tenants comfortable, functional living space that's increasingly hard to find. Hardwood floors run throughout, and updated kitchens add lasting value across all three units. The building has been well maintained, with all major systems — including the roof and complete building rewiring — updated and/or in good working order, offering real peace of mind for the next owner. Location is a standout, just minutes from I-295 and downtown with a bus stop close by for easy commuting. Back Cove's scenic running trail and the new Roux Institute campus are both within walking distance, putting green space and everyday amenities right at your doorstep. Whether you're an investor seeking dependable cash flow or a buyer ready to live in one unit while tenants help cover the mortgage, this classic triple decker delivers on both fronts.
MLS® Number1682008
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementExterior Entry, Interior Entry, Bulkhead, Finished, Full
Driveway
Garage Spaces
HeatOil, Steam
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 25, 2026List Date
$1,050,000List Price
  • Commute

Commute

Starting Address
Destination Address
583 Washington Ave, Portland, ME

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