142 Sherman Street, Portland, ME 04101

$949,000

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Property Type: Multi-Family Baths: 4 Square Footage: 3,578 Lot Size (sq. ft.): 5,227 Status: Active

Current Price: $949,000 List Date: 5/11/2026 Last Modified: 5/13/2026

Overview

Description

Positioned in Portland's desirable Parkside Neighborhood, 142 Sherman Street is a fully occupied four-unit investment property offering stable in-place income in one of the city's most sought-after residential neighborhoods. The property benefits from a walkable location just minutes from downtown, the Peninsula, and major commuter routes. The building features a functional unit mix with consistent occupancy, supported by strong rental demand in the surrounding area. The property has been well maintained and improved over time, with a series of updates to both unit interiors and key building systems, contributing to overall efficiency, condition, and long-term reliability. Tenants enjoy convenient access to local shops, restaurants, and services, supporting strong retention and continued demand.

Listing Details MLS# 1661644

Location Information

Street #: 142
Street Name: Sherman
Street Type: Street
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04101
Zip +4: 5212
Leased Land: No
Book: 40436
Page: 041
Map: 48
Block: E
Lot: 2-3
Zoning: R7
Zoning Overlay: Unknown
Association: No
Full Tax Amount $: 8770.56
Tax Year: 2025
Tree Growth Y/N: No

Contract Information

Original List Price: 949000

Property Information

Surveyed: Unknown
Seasonal: No
Number of Units: 4
Total Baths: 4
Total Full Baths: 4
Color: Gray
Year Built: 1889
SqFt Finished Above Grade: 3578
SqFt Finished Total: 3578
SqFt Source: Public Records
Garage: No
Lot Size Acres +/-: 0.12
Source of Acreage: Public Records
Road Frontage: No
Total Half Baths: 0
SqFt Finished Below Grade: 0

Water Info

Water Frontage: No
Water View: No

Units

# of 2 BD Units: Yes
# of 3 BD Units: 3

Unit 1

Lease: Yes
Level: Basement
Security Deposit: Yes
Monthly Rent: 1890
# Full Baths: Yes
# of Rooms: 6
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

More Information

Unit 2

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 2000
# Full Baths: Yes
# of Rooms: 6
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 2500
# Full Baths: Yes
# of Rooms: 6
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 4

Lease: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 1850
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Water: Yes
Sewer: Yes

Utilities

Utilities On: No

Levels

Multi-Level: Yes

Site

Other Site: Yes
Sidewalks: Yes

Location

Intown: Yes
Near Shopping: Yes

Roads

Paved: Yes
Public: Yes

Style

Other: Yes

Construction

Wood Frame: Yes

Basement

Daylight: Yes
Finished: Yes
Full: Yes

Exterior

Other Exterior: Yes

Roof

Shingle: Yes

Heat System

Baseboard: Yes
Direct Vent Heater: Yes
Hot Water: Yes

Heat Fuel

Gas Natural: Yes

Income & Expenses

Gross Income: 101800
Operating Expenses: 30371.52

Cooling

None: Yes

Floors

Carpet: Yes
Laminate: Yes
Wood: Yes

Parking

5 - 10 Spaces: Yes

Electric

Circuit Breakers: Yes
Fuses: Yes

Gas

Natural - At Street: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Driveway

Paved: Yes

Basement Entry

Doghouse: Yes
Interior: Yes

Water Heater

Off Heating System: Yes
Other Water Heater: Yes
Tank: Yes

Vehicle Storage

No Vehicle Storage: Yes

Property Features

Site: Other Site; Sidewalks Location: Intown; Near Shopping Roads: Paved; Public Style: Other Levels: Multi-Level Construction: Wood Frame Basement: Daylight; Finished; Full Basement Entry: Doghouse; Interior Exterior: Other Exterior Roof: Shingle Heat System: Baseboard; Direct Vent Heater; Hot Water Heat Fuel: Gas Natural Water Heater: Off Heating System; Other Water Heater; Tank Cooling: None Floors: Carpet; Laminate; Wood Driveway: Paved Parking: 5 - 10 Spaces Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers; Fuses Gas: Natural - At Street Sewer: Public Sewer Water: Public

Documents

Property Disclosure Public Access ›

Other Public Access 1 ›

Listing Office: The Dunham Group

Last Updated: May - 13 - 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.