31 Sheridan Street, Portland, ME 04101 (MLS # 1612550)

PRICE $925,000 BEDS 0 BATHS 3 HOME SIZE 2,469 sqft LOT SIZE 3,485 sqft Request More Info Schedule a Showing

Welcome to 31 Sheridan Street, a rare and versatile multi-unit property located in Munjoy Hill, one of Portland's most vibrant and sought-after neighborhoods. This 3-unit with water views, sits on a large lot with additional development potential, and is perfect for owner-occupants, investors, or developers. Units 1 & 2 each feature 2 BR and 1 BA, offering functional layouts. Unit 3 is a cozy 1BR, 1BA unit, with beautiful views. All 3 units are vacant, allowing for immediate occupancy or renovation. Owner occupants may consider renovation options to bring the historical bedrooms and baths up to modern layouts to match the level of the property's spectacular location. Units can be combined. Portland's rent control price restrictions do not apply to owner occupied 2-4 unit properties. Recent upgrades include a modernized heating and hot water system, ensuring energy efficiency and comfort for tenants while reducing maintenance concerns. Situated on a generously sized lot, there's opportunity to expand"”add square footage to the existing structure or enhancing the property with a driveway and dedicated parking. Located a short walk from the bustling downtown, Old Port district, and waterfront. Easy access to renowned restaurants, boutique shopping, and vibrant arts and culture scene. Outdoor lovers will appreciate nearby parks, trails, and recreational spaces. With its prime location, flexible layout, and growth potential, this property is perfect for those seeking a solid investment or a home with rental income opportunities. Don't miss this incredible opportunity. Schedule a private tour today and explore the possibilities at 31 Sheridan Street!