ME > Portland
Portland, ME 04102,7 Cherry ST
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Portland, ME 04102,7 Cherry ST
Portland, ME 04102,7 Cherry ST
Portland, ME 04102,7 Cherry ST
Portland, ME 04102,7 Cherry ST
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The Scoville Foley Team

The Scoville Foley Team

+1(207) 885-0500
Listed by RE/MAX Oceanside
$ 740,000
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Active

7 Cherry ST Portland, ME 04102

3 Baths

2,923 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Square Footage 2,923 sqft

MLS Listing ID 1644239

Style New Englander

Full Baths 3

HOA Y/N No

Abv Grd Liv Area 2,923

Year Built 1875

Annual Tax Amount $8,536

Tax Year 2025

Lot Size 7,840 Sqft

Acres 0.18

Source Maine Listings

Land Area 2923

Property Description

Fantastic investment opportunity—a three-unit multifamily property at 7 Cherry Street—offers strong rental potential in one of Maine's most desirable and consistently growing markets. Located just minutes from downtown, the Old Port, restaurants, amenities, and major commuter routes, this property attracts high-quality tenants and ensures steady demand year-round. With functional layouts and a solid rental history, this building is an ideal addition to any investor's portfolio or a great first acquisition for someone entering the Portland multifamily market, checking all the boxes whether you seek stable cash flow, long-term appreciation, or a value-add opportunity.

Location

State ME

County Cumberland

Zoning R6

Rooms

Basement Walk-Out Access, Full, Exterior Only, Unfinished

Interior

Heating Hot Water, Direct Vent Heater, Baseboard

Cooling None

Flooring Laminate

Exterior

Parking Features 5 - 10 Spaces, Paved

View Y/N No

Roof Type Shingle

Street Surface Paved

Porch Deck

Garage No

Building

Lot Description Level, Sidewalks, Intown, Near Turnpike/Interstate, Near Public Transit

Story 3

Sewer Public Sewer

Water Public

Architectural Style New Englander

Structure Type Vinyl Siding,Wood Frame

Others

Energy Description Gas Natural

Maine MLS (MREIS) IDX
The Scoville Foley Team

The Scoville Foley Team

+1(207) 885-0500

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7 Cherry ST

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