146 Sherman Street, Portland, ME 04101

$1,319,000

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Property Type: Multi-Family Baths: 6 Square Footage: 5,650 Lot Size (sq. ft.): 4,356 Status: Active

Current Price: $1,319,000 List Date: 6/19/2026 Last Modified: 8/06/2026

Overview

Description

Prime 5-unit multifamily investment opportunity in Portland's desirable West End in Parkside. Featuring four 2-bedroom units and two 1-bedroom units, this income-producing property offers excellent tenant demand, and future upside potential. The current owner has offered the units to his employees at a discounted rental rate. Owner initiated process to legalize 6th unit with fire escape addition but was unable to resolve with the city. The property had a safety inspection completed by the city with the third floor broken up into two, two-bedroom units instead of one combined four-bedroom unit. Conveniently located minutes from Downtown Portland, Maine Medical Center, restaurants, shops, and public transportation. A rare opportunity to acquire a well-located multifamily asset. Group showings: Tuesday, June 23rd at 10am - 11:30am Thursday, June 25th at 12pm - 1:00pm All showings after group showings will be by appointment only. Allow at least 24 hours to notify tenants.

Listing Details MLS# 1668085

Location Information

Street #: 146
Street Name: Sherman
Street Type: Street
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04101
Zip +4: 5211
Leased Land: No
Book: 47765
Page: 127-128/All
Map: 48
Block: E
Lot: Yes
Zoning: R6
Zoning Overlay: No
Association: No
Full Tax Amount $: 12664
Tax Year: 2026
Tree Growth Y/N: No

Contract Information

Original List Price: 1319000

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: 5
Total Baths: 6
Total Full Baths: 6
Color: Tan
Year Built: 1910
SqFt Finished Above Grade: 5650
SqFt Finished Total: 5650
SqFt Source: Public Records
Garage: No
Lot Size Acres +/-: 0.1
Source of Acreage: Public Records

Water Info

Waterfront: No
Water View: No

Building Info

# Water Heaters: 5

Units

# of 1 BD Units: 2
# of 2 BD Units: 2
# of 4+ BD Units: Yes

More Information

Unit 1

Lease: Yes
Level: First
Security Deposit: No
Monthly Rent: 1500
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1500
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1600
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 4

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1700
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Water: Yes

Unit 5

Lease: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 3700
# Full Baths: 2
# of Rooms: 6
# of Bedrooms: 4
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Utilities

Utilities On: Yes

Property Features

Site: Corner Lot; Open; Rolling/Sloping; Sidewalks Location: Near Railroad; Near Shopping; Near Town; Near Turnpike/Interstate Roads: Paved; Public Style: Colonial Levels: Multi-Level Construction: Wood Frame Basement: Brick/Mortar; Full; Unfinished Basement Entry: Interior Foundation Materials: Block; Brick/Mortar; Stone Exterior: Vinyl Siding Roof: Pitched; Shingle Heat System: Baseboard; Forced Air; Hot Water; Radiator; Zoned Heat Fuel: Gas Natural Water Heater: Gas Cooling: None Floors: Carpet; Vinyl; Wood Amenities: Bathtub; Laundry - Coin; Shower Driveway: No Driveway Parking: No Parking; Off Street Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Natural - At Street Sewer: Public Sewer Water: Public

Documents

Arsenic Wood ›

Property Disclosure Public Access ›

Lead Paint Addendum Public Access ›

Other Public Access 1 ›

FIRMette ›

146 Sherman Street Brochure ›

Listing Office: EXP Realty

Last Updated: August - 06 - 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.