New

$895,000

For Sale

6 days ago

57-59 Cumberland Avenue, Portland, ME

Name: 57-59 Cumberland Avenue, For Sale in Portland - eXp Realty
Brand: Benchmark Real Estate
SKU: 1658526
Price: 895000 USD

MLS® 1658526

0 Bed

5 Bath

2112 sqft

Key Facts
Description
Map

Key Facts

Type Other

Levels Residential Income

Size 2112 sqft

Garage No

HOA Fees

Taxes $12,321

Days Active 6

Approx. Age 1920

Avg. Price Per Sqft $423

MLS® Number 1658526

Property Address: 57-59 Cumberland Avenue, Portland, ME, 04101

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

Description

Located on Munjoy Hill just outside of inner Washington Avenue, this five-unit property sits in the center of one of Portland's most dynamic and desirable neighborhoods--surrounded by bars, breweries, and boutiques, and the energy that defines the East End. Positioned on an elevated site, the property offers city skyline views and represents one of the more compelling and reasonably priced investment opportunities in Portland. With two structures and five total units, ample off-street parking, and strong upside potential, this is an ideal candidate for a 1031 exchange or a quality long-term hold. The property generates ~ $57, 000 in net operating income and offers a healthy 6.4% cap rate, delivering immediate returns while positioning investors to benefit from long-term appreciation in one of Portland's most sought-after neighborhoods. A key differentiator: the property is NOT located within Portland's historic district, opening the door to meaningful flexibility - whether your plan is to renovate, reposition, pursue condo conversion, or demo & develop. With recent high-end condo projects nearby, the potential self evident. The location offers an exceptional Portland lifestyle--walkable to inner Washington Avenue, the Eastern Promenade, East End Beach, and downtown, and immediately proximate to major employers, Portland's growing tech sector, the Roux Institute, and the forthcoming Portland Foreside development. From Back Cove to the working waterfront and recreational shoreline, this location captures the full breadth of Portland living. The owner currently pays for heat, while tenants pay electricity, presenting an opportunity for further operational improvement. The building appears to have undergone a substantial renovation in the 1980s. Rents are below market and poised for improvement, enhancing upside across multiple strategies. SHOWINGS/OFFERS - group showings only - Fri 4/24 & Mon 4/27 from 12-2. Offers due Tue 4/28 @ 3PM. Allow 48 hrs t

MLS® Number1658526

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry LevelWasher Hookup

Exposure

Exterior

GarageNo

Approx. Age1920

Stories3

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 20, 2026List Date

$895,000List Price

Commute

Commute

Starting Address

Destination Address

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment

I want to view this property

By pressing "Take a Tour", I confirm that I have read and agree to the eXp Privacy Policy, and Terms of Use.

By pressing "Take a Tour", I am electronically signing and consenting to receive marketing comms about real estate brokerage and mortgage lending services, delivered via email, phone and/or text (using "automated technology" such as an automatic telephone dialing system, and/or an artificial or prerecorded voice), from eXp Realty® and its independent contractor real estate professionals and their affiliate SUCCESS® Lending using the contact information I provided. Your consent is not a condition of purchase and you may revoke it at any time by replying "STOP" to any texts. Text HELP for more info. Message and data rates may apply. You may also contact us directly at 1-844-683-4664.

Similar Listings

Comparable Properties

Explore eXp Find an Agent Join eXp Investor Relations Company Careers Home Guides

eXp Life Zoocasa SUCCESS®SUCCESS® Lending eXp Revenos eXp Commercial eXp Luxury eXp Land and Ranch Accessibility

Terms and Conditions Privacy Rights Request Privacy Policy Cookie Policy Brand Guidelines Help Sitemap

2219 Rimland Drive, Suite 301, Bellingham, Washington, 98226

1 833-303-0610

[email protected]

eXp REALTY

DMCA Notice

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply

Fair Housing and Reasonable Accommodations

MLS Compliance Statements

Karen Richards - Designated Managing Broker, Broker Operations - TX

Texas Real Estate Commission information about brokerage services

Texas Real Estate Commission Consumer Protection Notice

eXp Realty® is committed to adhering to the guidelines of The New York State Fair Housing Regulations.The Fair Housing Notice →

*Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H.Learn More →

eXp Realty of California, Inc. | CA DRE# 01878277 | Deborah Penny - Designated Broker

eXp Realty of Southern California, Inc. | CA DRE#01325837 | Jason Crawford – Designated Broker

eXp Realty of Greater Los Angeles, Inc. | CA DRE# 01240990 | Mike Mendibles - Designated Broker

eXp Realty of Northern California, Inc. | CA DRE# 01951343 | Ryan Rosas - Designated Broker