1530 Congress Street

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1530 Congress Street

Portland, ME 04102
Asking Price
$1.00M
Asset Type
Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The multifamily property is available for purchase at $1,000,000.
  • Property is situated at 1530 Congress Street in Portland, Maine.
  • Located within the 04102 ZIP code of this regional economic center.
  • Asset category represents an investment in the residential rental market.
  • Portland provides a stable environment for long-term multifamily ownership strategies.

What's Special

Priced at $1,000,000, this multifamily property located at 1530 Congress Street presents a focused investment prospect within Portland, Maine. The asset sits in a key section of the 04102 ZIP code, providing proximity to the essential infrastructure and local services that define this coastal city's real estate landscape. Portland maintains a stable economic environment bolstered by healthcare, education, and maritime sectors, making residential holdings in this area a consistent interest for local and regional investors. Multi-family assets in this market often serve as foundational components for housing portfolios, benefiting from the consistent demand for rental units near the downtown core and major transportation corridors. Whether managed as an income-producing rental or held for long-term appreciation, the property is positioned to serve the immediate needs of residents seeking housing in this active northern New England hub.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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