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7 Orange Street
Portland, ME 04102
Asking Price
$595K
Asset Type
Residential Land
Class
Class B
What's Special
Land | 5,993 SqFt <ul><li>DEVELOPMENT OPPORTUNITY: Entitled 8-Unit Site in Portland's Coveted West End — 100% Inclusionary Zoning (IZ) Exempt. Avoid the multi-year planning hurdles. This premium corner parcel is sold fully de-risked and conceptually entitled, packaged with a formal Zoning Summary Memorandum (Perkins Thompson) validating a full 8-unit build, alongside an architectural massing study (Kaplan Thompson Architects). By staying under the city’s 10-unit threshold, this project is entirely exempt from Po
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NOI
$80,000
Cap Rate
13.45%
DSCR
2.26
Strong
Cash-on-Cash
25.03%
Monthly Payment
$2,943.735
Annual Cash Flow
$44,675.176
