32 Clemons ST South Portland, ME 04106
6 Baths
3,990 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,990 sqft
Price per Sqft $349
Subdivision Meetinghouse Hill Neighborhood
MLS Listing ID 1665032
Full Baths 6
HOA Y/N No
Year Built 1930
Tax Year 2026
Lot Size 0.600 Acres
Acres 0.6
Source Maine Listings
Land Area 3990
Property Description
The property has been meticulously maintained with extensive capital improvements, including roofing, a rebuilt front fire escape and deck system, electrical upgrades, an efficient natural gas heating system, exterior improvements, and a beautiful brick patio. This is a true turnkey asset with a level of care rarely found in today's multifamily market.
The owner's residence features a townhouse-style layout with expansive living areas, flexible bonus space, a barn, and a stunning great room above. Enjoy views toward the Portland skyline and Casco Bay from the private deck, while large windows provide abundant natural light.
The grounds include a circular driveway, mature gardens, green space, and a detached one-car garage. The generous lot offers a setting rarely found this close to Portland and South Portland amenities, with potential future expansion or redevelopment opportunities.
The property consists of three one-bedroom apartments, one studio apartment, and a spacious two-bedroom owner's unit. Current rents are below market, providing immediate upside potential. Tenants pay their own electricity, while the owner provides heat and hot water through an efficient natural gas boiler.
With approximately $88,000 in net operating income and a 6.4% cap rate, this property offers stable cash flow, strong tenant profiles, and long-term upside. Whether seeking a quality investment, owner-occupied multifamily, or future development opportunity, 32 Clemons Street is one of Greater Portland most compelling offerings.
Group showings Friday, June 5, and Monday, June 8, from 12 PM to 2 PM. Offers due Tuesday, June 9, at 3 PM.
Location
State ME
County Cumberland
Community Meetinghouse Hill Neighborhood
Zoning RA
Direction Broadway St. to Clemons St.
Body of Water Portland Harbor/Casco Bay
Rooms
Other Rooms Outbuilding, Barn(s)
Basement Interior Entry, Full, Unfinished
Interior
Interior Features 1st Floor Bedroom, Bathtub, One-Floor Living, Other
Heating Gas Natural, Baseboard, Hot Water
Cooling None
Flooring Carpet, Tile, Vinyl, Wood, Hardwood
Equipment Cable, Internet Access Available
Exterior
Parking Features Paved, 11 - 20 Spaces, On Site, Off Street, Detached, Inside Entrance
Garage Spaces 3.0
Utilities Available Utilities On
Waterfront Description Nearby,Public
View Scenic
Roof Type Pitched,Shingle
Porch Deck, Patio, Porch
Garage Yes
Building
Lot Description Interior Lot, Near Country Club, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Suburban, Near Railroad, Open Lot, Rolling Slope, Landscaped, Near Public Transit
Entry Level Multi-Level
Foundation Stone, Brick/Mortar
Water Public
Architectural Style New Englander
Schools
School District South Portland Public Schools
Others
Tax ID SPOR-000014-000000-000020
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