USAMESouth PortlandMeetinghouse Hill Neighborhood32 Clemons St

32 Clemons St, South Portland, ME

Name: 32 Clemons St, For Sale in South Portland - eXp Realty
Brand: Benchmark Real Estate
SKU: 1665032
Price: 1395000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,395,000

063

MLS® 1665032

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 3990 sqft

Garage Yes

Taxes $11,636

Days Active 11

Lot Size 0.6 Acres

Approx. Age 1930

Avg. Price Per Sqft $349

MLS® Number 1665032

Property Address: 32 Clemons St, South Portland, ME, 04106-3736

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

Description

Rare opportunity to acquire an exceptional five-unit multifamily property in one of South Portland's most desirable neighborhoods. Set on approximately 0.60 acres, this offering combines strong current income, value-add potential, and an attractive owner-occupied opportunity. The property has been meticulously maintained with extensive capital improvements, including roofing, a rebuilt front fire escape and deck system, electrical upgrades, an efficient natural gas heating system, exterior improvements, and a beautiful brick patio. This is a true turnkey asset with a level of care rarely found in today's multifamily market. The owner's residence features a townhouse-style layout with expansive living areas, flexible bonus space, a barn, and a stunning great room above. Enjoy views toward the Portland skyline and Casco Bay from the private deck, while large windows provide abundant natural light. The grounds include a circular driveway, mature gardens, green space, and a detached one-car garage. The generous lot offers a setting rarely found this close to Portland and South Portland amenities, with potential future expansion or redevelopment opportunities. The property consists of three one-bedroom apartments, one studio apartment, and a spacious two-bedroom owner's unit. Current rents are below market, providing immediate upside potential. Tenants pay their own electricity, while the owner provides heat and hot water through an efficient natural gas boiler. With approximately $88, 000 in net operating income and a 6.4% cap rate, this property offers stable cash flow, strong tenant profiles, and long-term upside. Whether seeking a quality investment, owner-occupied multifamily, or future development opportunity, 32 Clemons Street is one of Greater Portland most compelling offerings.

MLS® Number1665032

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1930

BasementInterior Entry, Full, Unfinished

Driveway

Garage Spaces

HeatGas Natural, Baseboard, Hot Water

A/C

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 2, 2026List Date

$1,395,000List Price

Commute

Commute

Starting Address

Destination Address

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