142 Sherman Street

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142 Sherman Street

Portland, ME 57732-1019
Asking Price
$949K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Four-unit multifamily building located in Portland, Maine
  • Asset is currently fully occupied by residential tenants
  • Each of the four units includes dedicated parking
  • Configuration features large two to three bedroom layouts
  • Current asking price for the property is $949,000

What's Special

Investors seeking a reliable multifamily asset in Portland will find this four-unit apartment building at 142 Sherman Street a practical addition to any regional portfolio. The property features four spacious residential units, each configured with two to three bedrooms to meet the consistent demand for larger housing options in this coastal Maine market. Portland continues to benefit from a diverse local economy and steady population growth, maintaining its status as a primary hub for commerce and residential life in the state. Each unit includes dedicated parking, providing a distinct operational advantage for residents in this established urban neighborhood. The building is currently fully leased, offering immediate cash flow potential for an incoming owner. Given the layout and unit size, this asset is well-suited for long-term hold strategies aimed at capitalizing on the city's ongoing rental housing demand.

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NOI
$80,000
Cap Rate
8.43%
DSCR
1.42
Strong
Cash-on-Cash
8.31%
Monthly Payment
$4,695.134
Annual Cash Flow
$23,658.39

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