40 Leland Street, Portland, ME 04103 (MLS # 1610574)

PRICE $1,050,000 BEDS 0 BATHS 5 HOME SIZE 4,670 sqft LOT SIZE 12,197 sqft Request More Info Schedule a Showing

Located on a large corner lot in the sought-after Deering Center area of Portland, this well-maintained 4-family property offers a unique opportunity for investors or homeowners seeking rental income potential. Within walking distance of Longfellow Elementary, Lincoln Middle School, and Deering High School, this property is perfectly positioned for convenience and community access. Property Highlights: "¢ Large Corner Lot with ample outdoor space, offering privacy or additional landscaping. "¢ Separate Utilities: Each unit has its own electric meter, oil supply, heating system, and hot water heater, providing tenants with individual control over their utilities. "¢ Washer & Dryer Hookups for all units in the basement, making laundry a breeze for all residents. Unit Details: "¢ Carriage House Unit: This charming, private unit features its own separate entrance and includes 3 bedrooms, 1.5 baths, and a cozy wood-burning fireplace, perfect for comfortable living. "¢ First Floor Unit: Versatile and adaptable, this unit can function as either a 2-bedroom or 3-bedroom, providing options to suit your needs. "¢ Second & Third Floor Units: Each unit offers 2 bedrooms, 1 bath, with spacious layouts and abundant natural light. This property offers the best of both worlds with the potential for multi-family living or rental income, all within a vibrant Portland neighborhood. With its proximity to schools, parks, and local amenities, it's a fantastic investment in a prime location. Don't miss this opportunity to own a piece of Deering Center's growing community! Note: One unit is owner occupied with 2 additional units occupied by owner's family hence the rent numbers.