Price Reduced 3.13%


Price History

$800,000
9/9/2025

$790,000
10/6/2025

$775,000
11/3/2025


69 Stanford Street, South Portland, ME, 04106

69 Stanford Street, South Portland, ME, 04106

3 Full baths

1900

Colonial

2,650 sqft

69 Stanford Street in South Portland is a smart, flexible investment in one of Southern Maine's most sought-after rental locations. This well-maintained three-unit property offers strong income potential with separate electric, heat, and hot water utilities for each unit—keeping operating costs low and returns strong. Units 1 and 2 are refreshed and move-in ready, giving owner-occupants the option to live in one unit while collecting rent from the others or allowing investors to place quality tenants on their own terms. Each of these units is estimated to earn between $2,400 and $2,700 per month, offering immediate upside. Unit 3 is currently occupied, providing dependable rental income from day one. The property includes both off-street and on-street parking and features a coin-operated washer and dryer for added revenue. Its location is unbeatable—just minutes to downtown Portland, Willard Beach, and South Portland's favorite restaurants, coffee shops, and local spots. Whether you're building your portfolio or looking for a home that helps pay the bills, this property offers a rare mix of cash flow, long-term value, and lifestyle convenience. With strong tenant appeal and flexible occupancy options, 69 Stanford Street stands out as a versatile and high-performing asset in a market known for stability and growth.


Status:

Pending

Type:

Multi-family

Units:

3

Zoning:

FV

Heating:

Direct Vent Heater

Cooling:

None

Basement:

Interior, Full, Unfinished

Parking:

5 - 10 Spaces, Gravel

Acreage:

0.1

Est. Taxes:

$7,598

Construction

Vinyl Siding, Wood Frame

Utilities

Utilities On

Lot Description:

Level, Near Town

MLS #:

1623761


Community Info

School Info

Walk Score

Mass Transit

Yelp



Listing courtesy of EXP Realty