160 Washington Ave

Portland, ME 04101

$1,495,000
Price
10
Beds
4,732 Sq. Ft.
$316 / Sq. Ft.
4,732
Sq. Ft.
$316
per Sq. Ft.
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Description

Turnkey 5-Unit Investment in Prime Munjoy Hill Location! Seasoned investors know the value of location, layout, and low-maintenance assets—this property checks all the boxes. Situated at the base of Munjoy Hill, one of Portland's most desirable and appreciating neighborhoods, this well-maintained five-unit building offers a solid, income-generating opportunity. All five units are two-bedrooms, a consistently high-demand layout that attracts long-term tenants. Interiors are efficiently designed, with...Turnkey 5-Unit Investment in Prime Munjoy Hill Location! Seasoned investors know the value of location, layout, and low-maintenance assets—this property checks all the boxes. Situated at the base of Munjoy Hill, one of Portland's most desirable and appreciating neighborhoods, this well-maintained five-unit building offers a solid, income-generating opportunity. All five units are two-bedrooms, a consistently high-demand layout that attracts long-term tenants. Interiors are efficiently designed, with spacious living areas, functional kitchens, and ample natural light—units that rent easily and retain well. The building has been well cared for, minimizing deferred maintenance and immediate capex needs. Off-street parking adds a competitive edge in this urban market, boosting tenant satisfaction and retention. The location is a key asset: walkable to local dining, coffee shops, artisan retail, and the Eastern Promenade. Public transportation access and proximity to downtown further broaden the tenant pool. This is an ideal opportunity for investors looking to expand or diversify with a plug-and-play multifamily in a high-demand submarket. Whether you're growing a portfolio or executing a 1031 exchange, this Munjoy Hill asset delivers dependable performance and long-term upside.
  1. Listed by Fred Andrews • Spectrum Real Estate

Property Details for 160 Washington Avenue

Waterfront
No
ArchitecturalStyle
Other, Colonial
Garage Spaces
.00
Garage
No
Zoning
B2B
Subdivision Name
Munjoy Hill
LISTING UPDATED: 08/29/2025 12:32 PM

Property Details for 160 Washington Avenue

StatusActive
MLS #1622196
Days on Market221
Taxes$11,167 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built1985
Lot Size0.15 AC / 6,534 SF
CountyCumberland County

Location

Listing Courtesy of Spectrum Real Estate
Add your commute

Building Information for 160 Washington Avenue

Stories2Residences5Year Built1985Building Size-Lot Size0.15 AC / 6,534 SF

Payment Calculator

$8,318 per month

30 year fixed, 6.28% Interest

Principal and Interest

$7,387

Property Taxes

$931

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 160 Washington Avenue

Summary
Location and General Information
  • Road Surface Type: Paved
  • Zip Code: 2655
  • Directions: Located on the intown peninsula end of Washington Ave at the base of Munjoy Hill.
  • Town: Portland
  • State/Province: ME
  • Zip Code: 04101
  • County: Cumberland
  • Geo Latitude: 43.668435
  • Geo Longitude: -70.254234
  • Tax Lot: 9001
  • Site:Open: Yes
  • Site:Rolling/Sloping: Yes
  • Location:Business District: Yes
  • Location:Intown: Yes
  • Location:Near Public Beach: Yes
  • Location:Near Shopping: Yes
  • Transportation:Major Road Access: Yes
  • Transportation:Public Transport Access: Yes
Parking
  • Parking Features: 5 - 10 Spaces, Paved, Common, Off Street
  • Attached Garage: No
Taxes and HOA Information
  • Tax Book Number: 25073
  • Tax Block: D
  • Tax Map Number: 12
  • Tax Year: 2024
  • Parcel Number: PTLD-000012-D000009-000001
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $11,167.00
  • Restrictions:No Restrictions: Yes
School Information
  • School District: Portland Public Schools
Property
Heating and Cooling
  • Water Heater:Electric: No
  • Water Heater:Off Heating System: Yes
  • Water Heater:Tank: Yes
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 4732.0
  • Lot Size Acres: 0.15
  • Source of Acreage: Public Records
  • Building Area Total: 4732.0
  • Lot Size Area: 0.15
  • Lot Size Units: Acres
  • Lot Size Square Feet: 6534.0
  • Bathrooms Full: 5
  • Bathrooms Half: 0
  • Street Number: 160
  • Property Information:Surveyed: Unknown
  • Property Information:Seasonal: No
  • Property Information:Owner Occupied: No
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed/Conveyance Type Offered: Warranty
  • Property Information:Deed: All
  • Property Information:Deed Restrictions: Unknown
  • Property Information:2 Detached Houses on 1 Lot: No
  • Property Information:Total Half Baths: .00
  • Property Information:Color: White
Parking
  • Driveway:Common: Yes
  • Driveway:Paved: Yes
Property and Assessments
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Year Built: 1985
Utilities
  • Electric: Circuit Breakers
  • Sewer: Yes
  • Water Source: Public
  • Other Equipment: Internet Access Available, Cable
  • Utilities:Utilities On: Yes
  • Gas:Natural - On Site: Yes
  • Gas:Underground: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Wood Frame
  • # Fireplaces: 0
  • Fireplace: No
  • Vehicle Storage:No Vehicle Storage: Yes
  • Roof: Composition, Pitched, Shingle
  • Patio and Porch Features:Deck: Yes
Interior Features
  • Basement: Interior, Walk-Out Access, Finished, Full
  • Flooring: Vinyl, Laminate, Carpet
  • Interior Features: Bathtub, Shower
  • Cooling: None
  • Heating: Zoned, Hot Water, Forced Air, Baseboard
  • Foundation Details: Concrete Perimeter
  • Laundry Features: Laundry - Coin
  • # Stories: 3
  • # Floors: 2
  • Bathrooms Total (Integer): 5
  • Bathrooms Total (Decimal): 5.00
  • Bathrooms Total (Notational): 5.00
  • Cooling YN: No
  • Heating YN: Yes
Multi Family
Income & Expenses Information
  • Gross Income: $94,512.00
  • Operating Expenses: $24,500.00
Multi-Family Information
  • Number of Units: 5
  • Building Info:# Fireplaces: 0
  • Building Info:# Stories: 2
  • Building Info:# Floors: 3
  • Building Info:# Heating Units: 1
  • Building Info:# Water Heaters: 1
Unit 1
  • Unit 1:Lease: Yes
  • Unit 1:Level: Basement
  • Unit 1:Security Deposit: Yes
  • Unit 1:Monthly Rent: $1,589.00
  • Unit 1:# Full Baths: 1.00
  • Unit 1:# of Half Baths: .00
  • Unit 1:# of Rooms: 4.00
  • Unit 1:# of Bedrooms: 2.00
  • Unit 1:Dedicated Electric Meter: Yes
  • Unit 1:Dedicated Gas Meter: No
  • Unit 1:Dedicated Water Heater: No
  • Unit 1:Electric: No
  • Unit 1:Heat: Yes
  • Unit 1:Range: Yes
  • Unit 1:Refrigerator: Yes
  • Unit 1:Sewer: Yes
  • Unit 1:Water: Yes
Unit 2
  • Unit 2:Lease: Yes
  • Unit 2:Level: First
  • Unit 2:Security Deposit: Yes
  • Unit 2:Monthly Rent: $1,209.00
  • Unit 2:# Full Baths: 1.00
  • Unit 2:# Half Baths: .00
  • Unit 2:# of Rooms: 4.00
  • Unit 2:# of Bedrooms: 2.00
  • Unit 2:Dedicated Electric Meter: Yes
  • Unit 2:Dedicated Gas Meter: No
  • Unit 2:Dedicated Water Heater: No
  • Unit 2:Electric: No
  • Unit 2:Heat: Yes
  • Unit 2:Range: Yes
  • Unit 2:Refrigerator: Yes
  • Unit 2:Sewer: Yes
  • Unit 2:Water: Yes
Unit 3
  • Unit 3:Lease: Yes
  • Unit 3:Level: First
  • Unit 3:Security Deposit: Yes
  • Unit 3:Monthly Rent: $1,525.00
  • Unit 3:# Full Baths: 1.00
  • Unit 3:# Half Baths: .00
  • Unit 3:# of Rooms: 4.00
  • Unit 3:# of Bedrooms: 2.00
  • Unit 3:Dedicated Electric Meter: Yes
  • Unit 3:Dedicated Gas Meter: No
  • Unit 3:Dedicated Water Heater: No
  • Unit 3:Electric: No
  • Unit 3:Heat: Yes
  • Unit 3:Range: Yes
  • Unit 3:Refrigerator: Yes
  • Unit 3:Sewer: Yes
  • Unit 3:Water: Yes
Unit 4
  • Unit 4:Lease: No
  • Unit 4:Level: Second
  • Unit 4:Security Deposit: No
  • Unit 4:Monthly Rent: $.00
  • Unit 4:# Full Baths: 1.00
  • Unit 4:# Half Baths: .00
  • Unit 4:# of Rooms: 4.00
  • Unit 4:# of Bedrooms: 2.00
  • Unit 4:Dedicated Electric Meter: Yes
  • Unit 4:Dedicated Gas Meter: No
  • Unit 4:Dedicated Water Heater: No
  • Unit 4:Electric: No
  • Unit 4:Heat: Yes
  • Unit 4:Range: Yes
  • Unit 4:Refrigerator: Yes
  • Unit 4:Water: Yes
Unit 5
  • Unit 5:Lease: Yes
  • Unit 5:Level: Second
  • Unit 5:Security Deposit: Yes
  • Unit 5:Monthly Rent: $1,154.00
  • Unit 5:# Full Baths: 1.00
  • Unit 5:# Half Baths: .00
  • Unit 5:# of Rooms: 4.00
  • Unit 5:# of Bedrooms: 2.00
  • Unit 5:Dedicated Electric Meter: Yes
  • Unit 5:Dedicated Gas Meter: No
  • Unit 5:Dedicated Water Heater: No
  • Unit 5:Electric: No
  • Unit 5:Heat: Yes
  • Unit 5:Range: Yes
  • Unit 5:Refrigerator: Yes
  • Unit 5:Sewer: Yes
  • Unit 5:Water: Yes
Unit 20
  • Unit 20:Heat: Yes
  • Unit 20:Range: Yes
  • Unit 20:Sewer: Yes
  • Unit 20:Water: Yes
Unit Information
  • Units:# of 1 BD Units: 0
  • Units:# of 2 BD Units: 5
  • Units:# of 3 BD Units: 0
  • Units:# of 4+ BD Units: 0

Property History for 160 Washington Avenue

DateEvent & SourcePriceAppreciation
May 5, 2025

Listed (Active)

Maine Listings #1622196

$1,495,000—
Jan 23, 2025

Expired

Maine Listings #1581078

$1,495,000—
Aug 9, 2024

Withdrawn

Maine Listings #1581078

$1,495,000—
Jan 23, 2024

Listed (Active)

Maine Listings #1581078

$1,495,000—
Sep 9, 2023

Expired

Maine Listings #1508742

$1,495,000—
Feb 15, 2023

Withdrawn

Maine Listings #1508742

$1,495,000—
Sep 9, 2022

Expired

Maine Listings #1508742

$1,495,000—
Sep 9, 2021

Listed (Active)

Maine Listings #1508742

$1,495,000—
DateEvent & SourcePrice
05/05/2025

Listed (Active)

Maine Listings #1622196

$1,495,000
01/23/2025

Expired

Maine Listings #1581078

$1,495,000
08/09/2024

Withdrawn

Maine Listings #1581078

$1,495,000
01/23/2024

Listed (Active)

Maine Listings #1581078

$1,495,000
09/09/2023

Expired

Maine Listings #1508742

$1,495,000
02/15/2023

Withdrawn

Maine Listings #1508742

$1,495,000
09/09/2022

Expired

Maine Listings #1508742

$1,495,000
09/09/2021

Listed (Active)

Maine Listings #1508742

$1,495,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 160 Washington Avenue

Taxable ValueLand$242,000Additions$502,000Total$744,000
Tax Record2024$11,167 ($931 / month)
Home Facts
Total Finished SqFt4,732 SqFtAbove Grade Finished SqFt4,732 SqFtLot Size6,647 SqFtStyleMulti-Family Res (5+ Units)Year Built1985CountyCUMBERLANDAPNPTLD M:012 B:D009001

Schools near 160 Washington Avenue

This home is within Portland Public Schools.
Rating
School
Type
Grades
Distance
East End Community School
Public - PK to 5
King Middle School
Public - 6 to 8
Portland High School
Public - 9 to 12
Deering High School
Public - 9 to 12
Rating
School
Distance
East End Community School
PublicPK to 5

King Middle School
Public6 to 8

Portland High School
Public9 to 12

Deering High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 160 Washington Avenue, Portland, ME 04101

160 Washington Avenue is a multi-family home for sale in Portland, ME 04101. This property was listed for sale on May 5, 2025 by Spectrum Real Estate, it's currently listed at $1,495,000. This listing's school district is Portland Public Schools. Nearby schools include East End Community School, King Middle School and Portland High School. 160 Washington Avenue is a 10-bed, 5-bath, 4,732 sqft multi-family home built in 1985.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Spectrum Real Estate

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.