Pegasus Realty Group

597 Main Street, South Portland, ME 04106

$895,000
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New to the Market Active
BATHS2 full SQUARE FEET3,630 MLS#1665990
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

Exceptional Mixed-Use Investment Opportunity in South PortlandRare opportunity to acquire a well-maintained, income-producing mixed-use property in a highly visible Main Street location. This versatile three-unit building offers a diversified income stream with a gross annual income of $70,800, anchored by an established medical office occupying the entire first floor, providing the benefit of stable commercial tenancy.The two residential units above provide additional rental income and strong tenant appeal. Each residential unit features its own washer and dryer, while tenants are responsible for their own heat and electricity -- helping reduce owner expenses and maximize net operating income.Meticulously cared for and truly turnkey, the property offers desirable amenities including off-street parking for up to three residential vehicles, additional on-street parking for tenants, clients, and guests, and convenient access to public transportation.Ideally positioned along South Portland's Main Street corridor, this property is close to local businesses, shopping, dining, downtown Portland, major commuter routes, and area amenities. With proven rental history, strong tenant demand, diversified commercial and residential income, and excellent visibility, this is a rare opportunity to own a stable, cash-flowing investment property in one of Southern Maine's most desirable markets.

597 Main Street | MLS# 1665990

This multi-family property located at 597 Main Street, South Portland, ME 04106 is currently listed for sale with an asking price of $895,000. Search South Portland real estate on pegasusrealtygroup.masiellogrouprealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Exterior Entry, Interior Entry, Full, Unfinished, Brick/Mortar
Basement: Yes
Cooling: Heat Pump
Heating: Electric, Heat Pump
Home Style: Colonial
Lot Size: 0.16 Acres
Roof Type: Shingle
Taxes: $9,062
Year Built: 1920

Feature Descriptions

Amenities: Laundry - 1st Floor, Laundry - 2nd Floor
Electric: Circuit Breakers
Exterior: Wood Frame, Vinyl Siding
Flooring: Carpet, Linoleum, Luxury Vinyl
Foundation: Poured Concrete, Brick/Mortar
Lot: Business District, Near Shopping, Near Turnpike/Interstate, Near Town, Corner Lot, Level, Sidewalks, Landscaped
Parking: Common, Paved,1 - 4 Spaces, Assigned, Off Street, On Street
Road Surface: Paved
Sewer: Public Sewer
SQ FT Above Grade: 3630
SQ FT Below Grade: 0
Water: Public

Listed By / Shown By

Listed By

Agency Name: Dream Home Realty LLC
Agent Name: Patricia Gallant
Agency Phone: 207-300-4663

agent picture

Shown By

Agent Name: Pegasus Realty Group
Agent Phone:
Agency Title: Better Homes and Gardens Real Estate The Masiello Group

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Estimated Payment

$ 3,008.09 per month $1,991.88 Principal & Interest $755.17 Property Tax $261.04 Homeowner's Insurance

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