$1,400,000

280 Lincoln Street, South Portland ME, 04106

Built in1900

Property size9,854 sqft

Property typeMulti-family

Courtesy of Vitalius Real Estate Group, LLC

Overview

Closed

Listed Aug 7, 2024

Updated 10 days ago

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.

Additional information

MLS^® ID: 1599566

Interior Features

Bathrooms: 7
Heating: Yes
Basement: Yes

Exterior Features

Lot Size: 0.69 Acres

Other Property Details

Taxes: $13,892
Tax Frequency: Annually

Listing Contact: 207-541-3755

Bought with Keller Williams Realty and Listed by Briton Vitalius with Vitalius Real Estate Group, LLC 207-541-3755

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Data is refreshed every 3 hours. Listing last updated at 6:53 AM UTC, 10/9/2026