526 Washington Avenue, Portland, ME 04103

$480,000

Property Type: Multi-Family Baths: 2 Square Footage: 1,866 Lot Size (sq. ft.): 6,970 Status: Active

Current Price: $480,000 List Date: 5/18/2026 Last Modified: 7/29/2026

Overview

Description

Positioned on Portland's rapidly evolving Washington Avenue corridor, this mixed-use property offers a rare opportunity to own a 2-unit residential building with additional commercial space and valuable off-street parking just a stone's throw from the Roux Institute campus. Investors and owner-occupants alike will appreciate the flexibility of the layout, the strong visibility and accessibility of the location, and the long-term upside. With close proximity to downtown, Back Cove, restaurants, breweries, and I-295, this property is ideally situated to benefit from the continued growth and energy surrounding the East Deering and Bayside neighborhoods. Can be purchased as a package with the neighboring building, 522 Washington Ave.

Listing Details MLS# 1662685

Location Information

Street #: 526
Street Name: Washington
Street Type: Avenue
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04103
Leased Land: No
Book: 25509
Page: 215
Map: 429
Block: J
Lot: 2
Zoning: B-2B
Zoning Overlay: No
Association: No
Full Tax Amount $: 5228
Tax Year: 2026
Tree Growth Y/N: No

Contract Information

Original List Price: 540000

Property Information

Surveyed: No
Seasonal: No
Number of Units: 2
Total Baths: 2
Total Full Baths: 2
Year Built: 1935
SqFt Finished Above Grade: 1866
SqFt Finished Total: 1866
Garage: No
Lot Size Acres +/-: 0.16
Source of Acreage: Public Records
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: Yes

Unit 1

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 2200
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

More Information

Unit 2

Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 1704
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Utilities

Utilities On: Yes

Site

Level: Yes
Sidewalks: Yes

Location

Near Town: Yes
Near Turnpike/Interstate: Yes

Roads

Paved: Yes
Public: Yes

Style

Other: Yes

Construction

Wood Frame: Yes

Basement

Full: Yes
Unfinished: Yes

Exterior

Vinyl Siding: Yes

Roof

Flat: Yes
Shingle: Yes

Heat System

Baseboard: Yes

Heat Fuel

Oil: Yes

Income & Expenses

Gross Income: 46848
Operating Expenses: 18259

Cooling

None: Yes

Floors

Wood: Yes

Parking

1 - 4 Spaces: Yes

Electric

Circuit Breakers: Yes

Gas

No Gas: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Driveway

Paved: Yes

Basement Entry

Doghouse: Yes

Water Heater

Off Heating System: Yes

Vehicle Storage

No Vehicle Storage: Yes

Property Features

Site: Level; Sidewalks Location: Near Town; Near Turnpike/Interstate Roads: Paved; Public Style: Other Construction: Wood Frame Basement: Full; Unfinished Basement Entry: Doghouse Exterior: Vinyl Siding Roof: Flat; Shingle Heat System: Baseboard Heat Fuel: Oil Water Heater: Off Heating System Cooling: None Floors: Wood Driveway: Paved Parking: 1 - 4 Spaces Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: No Gas Sewer: Public Sewer Water: Public

Documents

Deed Public Access ›

Property Disclosure Public Access ›

Lead Paint Addendum Public Access ›

Property Brochure ›

Listing Office: Vitalius Real Estate Group, LLC

Last Updated: July - 29 - 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.