280 Lincoln Street
South Portland
Pending Multi-Family MLS# 1599566
  • 7Baths
  • 14Units
  • 9,854SqFt
  • $1,475,000 Price
  • Type: Multi-Family
  • 7 Baths
  • 14 Units
  • Year Built: 1900
  • 9,854 SqFt
  • 0.69 Acres

Located in South Portland's Ligonia neighborhood, this is a unique opportunity to purchase a turnkey 7-unit residential apartment building and a 5,582 SF flex building, currently with 7-commercial tenants. The apartment building is in great condition, with many renovated units, two newer boilers, a brand-new deck, fresh paint and replacement windows. The flex building is divided into 7 studios/workshops, currently occupied by long term artists and ''maker'' tenants on an at-will basis. The owner occupies one of the commercial units as a workshop and can either remain as a tenant or vacate for a new owner. This property is ideal as a fully occupied investment or for an owner-user seeking shop space while offsetting occupancy costs with rental income.

  • Style Multi-Level
  • Year Built 1900
  • Lot Size 0.69 acres
  • SQFT Finished Above Grade 9854
  • County Cumberland
  • City South Portland
  • Zone A
  • Location Near Town, Near Turnpike/Interstate
  • Water Frontage No
  • Seasonal No
  • Full Tax Amount $13,892.00
  • Tax Year 2024
  • Association Fee $0.00
  • Total Units 14
  • Baths Total 7
  • Baths Full 7
  • Basement Unfinished
  • Construction Wood Frame
  • Exterior Clapboard, Vinyl Siding, Wood Siding
  • Basement Unfinished
  • Roof Flat, Shingle
  • Floors Concrete, Laminate
  • Heat System Baseboard
  • Heat Fuel Gas Natural
  • Gas Natural - At Street
  • Water Heater Off Heating System
  • Electric No
  • Water Yes
  • Waste Water Disposal Yes
  • Driveway Gravel, Paved
  • Parking 11 - 20 Spaces
  • Roads Paved, Public
Listed By:
Vitalius Real Estate Group, LLC