69 Stanford Street, South Portland, ME 04106 (MLS # 1623761)

PRICE $800,000 BEDS 0 BATHS 3 HOME SIZE 2,650 sqft LOT SIZE 4,356 sqft Request More Info Schedule a Showing

Now offered with a $25,000 price reduction, 69 Stanford Street in South Portland presents a rare opportunity to secure a high-performing 3-unit asset in a top-tier location. Each unit is separately metered, with tenants covering their own electric, heat, and hot water"”keeping overhead low and returns strong. A new roof on the water side was completed just three weeks ago. Current rents are below market, offering clear value-add potential as units turn over. Unit 2 will be delivered vacant at the end of July, ideal for owner-occupancy, rent repositioning, or light renovation. Units 1 and 3 have tenants interested in renewing, providing stability. Additional revenue comes from a coin-operated washer/dryer, and the property offers both off-street and on-street parking. Located just minutes from downtown Portland, Willard Beach, and the area's most popular dining and retail, this is an ideal asset for investors seeking cash flow, appreciation, and long-term upside in one of Southern Maine's most desirable rental markets.