105 Sherman Street, Portland, ME 04101

New Listing

$1,250,000

Property Type: Multi-Family Baths: 6 Square Footage: 5,253 Lot Size (sq. ft.): 4,356 Status: Active

Current Price: $1,250,000 List Date: 10/01/2026 Last Modified: 10/04/2026

Overview

Description

An incredible investment opportunity in the heart of Portland, 105 Sherman Street is a well-maintained 6-unit apartment building with an established property management history, a 7.28% cap rate, and strong rental performance. Each of the six units offers an oversized 1 bedroom, 1 bath layout, while leased parking spaces generate additional income each month. Whether you're an experienced investor looking to add a solid multifamily asset to your portfolio or a new investor ready to get started, this property offers an exciting opportunity in one of Maine's strongest rental markets. The building has benefited from significant improvements over the years, including a new roof and exterior siding in 2015, renovations to Units 2, 3, 5, and 6 between 2015 and 2019, and a new front porch and boiler in 2026. With established management already in place and a strong rental history, much of the groundwork has been done for the next owner. The location is hard to beat, with easy access to the ... (Read more)

Listing Details MLS# 1682792

Location Information

Street #: 105
Street Name: Sherman
Street Type: Street
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04101
Zip +4: 2149
Leased Land: No
Book: 32472
Page: 12
Map: 48
Block: C
Lot: 25
Zoning: R6
Zoning Overlay: Unknown
Neighborhood Association: Parkside
Association: No
Full Tax Amount $: 11734
Tax Year: 2025
Tree Growth Y/N: No

Contract Information

Original List Price: 1250000

Property Information

Surveyed: Unknown
Seasonal: No
Owner Occupied: No
Deed/Conveyance Type Offered: Warranty
Deed: All
Deed Restrictions: Unknown
2 Detached Houses on 1 Lot: No
Number of Units: 6
Total Baths: 6
Total Full Baths: 6
Color: Green
Year Built: 1910
SqFt Finished Above Grade: 5253
SqFt Finished Total: 5253
SqFt Source: Public Records
Garage: No
Lot Size Acres +/-: 0.1
Source of Acreage: Public Records
Road Frontage: No

Water Info

Waterfront: No
Water View: No

Building Info

# Stories: 3
# Floors: 3
# Heating Units: Yes
# Water Heaters: Yes

Units

# of 1 BD Units: 6

More Information

Unit 1

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1650
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1500
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1375
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 4

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1815
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Water: Yes

Unit 5

Lease: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 1150
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 6

Lease: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 1633
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Utilities

Utilities On: Yes

Property Features

Site: Sidewalks Location: Intown; Near Shopping; Near Turnpike/Interstate; Neighborhood Roads: Public Transportation: Major Road Access; Public Transport Access Style: New Englander Levels: Tri-Level Construction: Wood Frame Basement: Daylight; Full; Walk-Out Access Basement Entry: Interior Foundation Materials: Brick/Mortar; Stone Exterior: Clapboard Roof: Pitched; Rolled/Hot Mop; Shingle Heat System: Steam Heat Fuel: Gas Natural Water Heater: Off Heating System Cooling: None Floors: Carpet; Composition; Laminate; Tile; Vinyl; Wood Amenities: 1st Floor Bedroom; Storage Patio and Porch Features: Porch Equipment: Cable; Internet Access Available Driveway: Gravel Parking: 5 - 10 Spaces; Off Street Vehicle Storage: No Vehicle Storage Restrictions: Other Restrictions Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public

Documents

Property Disclosure Public Access ›

Income and Expense Sheet ›

Arsenic Treated Wood ›

Lead Paint Addendum Public Access ›

Listing Office: U&R Real Estate

Last Updated: October - 04 - 2026

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.