55-57-59 St Lawrence St

Portland, ME 04101

$2,250,000
Price
13
Beds
9,600 Sq. Ft.
$234 / Sq. Ft.
9,600
Sq. Ft.
$234
per Sq. Ft.
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Description

Rare opportunity in one of New England's most desirable coastal communities! Ideally located on a quiet street atop Portland's historic Munjoy Hill, this seven-unit multifamily includes a separate buildable lot — an extraordinary find in one of the city's most coveted RN4 (formerly R6) residential zones. Originally built as a classic double-triple, the property now offers seven well-maintained units with significant updates, modern life-safety systems, and individual utilities — each tenant pays...Rare opportunity in one of New England's most desirable coastal communities! Ideally located on a quiet street atop Portland's historic Munjoy Hill, this seven-unit multifamily includes a separate buildable lot — an extraordinary find in one of the city's most coveted RN4 (formerly R6) residential zones. Originally built as a classic double-triple, the property now offers seven well-maintained units with significant updates, modern life-safety systems, and individual utilities — each tenant pays their own heat, hot water, and electricity. The building has been carefully maintained, and rents have kept pace with the market, producing an NOI of ~ $107,000 and a healthy 5% cap rate with strong, consistent income. The real value lies in the adjoining buildable lot, capable of supporting 9 new residential units. Buildings in this zone may reach up to 45 feet in height, offering commanding ocean and city views. The property has already been surveyed, and preliminary civil engineering and lot division work have been completed and are available for review. From the upper floors of the existing structure — and any future development views of Casco Bay, the working waterfront and city skyline await, a rare perspective even on East End. Whether you're an investor seeking strong income with upside potential or a developer ready to capitalize on a premier site, this property checks every box.
  1. Listed by Thomas Landry • Benchmark Real Estate

Property Details for 55-57-59 St Lawrence Street

Waterfront
No
ArchitecturalStyle
Other
Garage Spaces
.00
Garage
No
Zoning
RN-4
View
Scenic
Subdivision Name
Munjoy Hill Neighborhood Conservation District
LISTING UPDATED: 11/14/2025 11:27 AM

Property Details for 55-57-59 St Lawrence Street

StatusActive
MLS #1640137
Days on Market74
Taxes$18,906 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial
Year Built1915
Lot Size0.26 AC / 11,325 SF
CountyCumberland County

Location

Listing Courtesy of Benchmark Real Estate
Add your commute

Building Information for 55-57-59 St Lawrence Street

Stories3Residences7Year Built1915Building Size-Lot Size0.26 AC / 11,325 SF

Payment Calculator

$12,694 per month

30 year fixed, 6.28% Interest

Principal and Interest

$11,118

Property Taxes

$1,576

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 55-57-59 St Lawrence Street

Summary
Location and General Information
  • Road Surface Type: Paved
  • Water Body Name: Casco Bay
  • Directions: Congress St or Fore St to St Lawrence St (top of Munjoy Hill - between The Portland Observatory and Portland Foreside)
  • Town: Portland
  • State/Province: ME
  • Zip Code: 04101
  • County: Cumberland
  • Geo Latitude: 43.664792
  • Geo Longitude: -70.245828
  • Tax Lot: 16-19
  • Site:Level: Yes
  • Site:Rolling/Sloping: Yes
  • Site:Sidewalks: Yes
  • Location:Downtown: Yes
  • Location:Intown: Yes
  • Location:Near Airport: Yes
  • Location:Near Country Club: Yes
  • Location:Near Golf Course: Yes
  • Location:Near Public Beach: Yes
  • Location:Near Railroad: Yes
  • Location:Near Shopping: Yes
  • Location:Near Turnpike/Interstate: Yes
  • Location:Near Turnpike/Interstate: Yes
  • Location:Neighborhood: Yes
  • Location:Public Transport Access: Yes
  • Transportation:Major Road Access: Yes
  • Transportation:Near Airport: Yes
  • Transportation:Public Transport Access: Yes
  • Transportation:Rail Available: Yes
  • Recreational Water:Nearby: Yes
  • Recreational Water:Public: Yes
Parking
  • Parking Features: 11 - 20 Spaces, Gravel, Paved, On Site
  • Attached Garage: No
Taxes and HOA Information
  • Tax Book Number: 32341,32689
  • Tax Block: E
  • Tax Map Number: 016
  • Tax Year: 2026
  • Parcel Number: 57StLawrenceStreetPortland04101
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $18,906.00
  • Restrictions:No Restrictions: Yes
School Information
  • School District: Portland Public Schools
Property
Green Features
  • Energy Efficiency:Ceiling Fans: Yes
Heating and Cooling
  • Water Heater:Electric: No
  • Water Heater:Gas: Yes
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 9600.0
  • Lot Size Acres: 0.26
  • Source of Acreage: Public Records
  • Building Area Total: 9600.0
  • Lot Size Area: 0.26
  • Lot Size Units: Acres
  • Lot Size Square Feet: 11325.6
  • Bathrooms Full: 7
  • Bathrooms Half: 0
  • Street Number: 555759
  • Property Information:Surveyed: Yes
  • 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:Bank Owned REO: No
  • Property Information:2 Detached Houses on 1 Lot: No
  • Property Information:Total Half Baths: .00
  • Property Information:Color: White
  • Property Information:Total # Floors: 3.00
Parking
  • Driveway:Gravel: Yes
  • Driveway:Paved: Yes
Property and Assessments
  • Sign on Property: Yes
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Property Sub-Type: Multi Family
  • Year Built: 1915
Utilities
  • Electric: Circuit Breakers
  • Sewer: Yes
  • Water Source: Public
  • Other Equipment: Internet Access Available, Cable
  • Utilities:Utilities On: Yes
  • Gas:Natural - On Site: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Wood Frame
  • # Fireplaces: 0
  • Fireplace: No
  • Vehicle Storage:No Vehicle Storage: Yes
  • Roof: Flat
  • Other Structures: Shed(s)
  • Patio and Porch Features:Porch: Yes
Interior Features
  • Basement: Interior, Bulkhead, Full, Unfinished
  • Flooring: Wood, Vinyl, Tile, Laminate
  • Interior Features: 1st Floor Bedroom, Bathtub, One-Floor Living, Other, Pantry, Shower, Storage
  • Cooling: None
  • Heating: Direct Vent Heater
  • Foundation Details: Stone, Brick/Mortar
  • Laundry Features: Washer Hookup, Laundry - Coin
  • # Stories: 3
  • # Floors: 3
  • Bathrooms Total (Integer): 7
  • Bathrooms Total (Decimal): 7.00
  • Bathrooms Total (Notational): 7.00
  • Cooling YN: No
  • Heating YN: Yes
Multi Family
Income & Expenses Information
  • Gross Income: $152,412.00
  • Operating Expenses: $45,744.00
Multi-Family Information
  • Number of Units: 7
  • Building Info:# Fireplaces: 0
  • Building Info:# Stories: 3
  • Building Info:# Floors: 3
  • Building Info:# Heating Units: 7
  • Building Info:# Water Heaters: 7
Unit 1
  • Unit 1:Lease: Yes
  • Unit 1:Level: First
  • Unit 1:Security Deposit: Yes
  • Unit 1:Monthly Rent: $1,735.00
  • Unit 1:# Full Baths: 1.00
  • Unit 1:# of Half Baths: .00
  • Unit 1:# of Rooms: 2.00
  • Unit 1:# of Bedrooms: 1.00
  • Unit 1:Dedicated Electric Meter: Yes
  • Unit 1:Dedicated Gas Meter: Yes
  • Unit 1:Dedicated Water Heater: Yes
  • Unit 1:Electric: No
  • Unit 1:Heat: No
  • 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: $1,561.00
  • Unit 2:# Full Baths: 1.00
  • Unit 2:# Half Baths: .00
  • Unit 2:# of Rooms: 3.00
  • Unit 2:# of Bedrooms: 1.00
  • Unit 2:Dedicated Electric Meter: Yes
  • Unit 2:Dedicated Gas Meter: Yes
  • Unit 2:Dedicated Water Heater: Yes
  • Unit 2:Electric: No
  • Unit 2:Heat: No
  • 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: Second
  • Unit 3:Security Deposit: Yes
  • Unit 3:Monthly Rent: $2,395.00
  • 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: Yes
  • Unit 3:Dedicated Water Heater: Yes
  • Unit 3:Electric: No
  • Unit 3:Heat: No
  • Unit 3:Range: Yes
  • Unit 3:Refrigerator: Yes
  • Unit 3:Sewer: Yes
  • Unit 3:Water: Yes
Unit 4
  • Unit 4:Lease: Yes
  • Unit 4:Level: First
  • Unit 4:Security Deposit: Yes
  • Unit 4:Monthly Rent: $1,295.00
  • 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: Yes
  • Unit 4:Dedicated Water Heater: Yes
  • Unit 4:Electric: No
  • Unit 4:Heat: No
  • 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: $1,740.00
  • 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: Yes
  • Unit 5:Dedicated Water Heater: Yes
  • Unit 5:Electric: No
  • Unit 5:Heat: No
  • Unit 5:Range: Yes
  • Unit 5:Refrigerator: Yes
  • Unit 5:Sewer: Yes
  • Unit 5:Water: Yes
Unit 6
  • Unit 6:Lease: Yes
  • Unit 6:Level: Third
  • Unit 6:Security Deposit: Yes
  • Unit 6:Monthly Rent: $1,675.00
  • Unit 6:# Full Baths: 1.00
  • Unit 6:# Half Baths: .00
  • Unit 6:# of Rooms: 4.00
  • Unit 6:# of Bedrooms: 2.00
  • Unit 6:Dedicated Electric Meter: Yes
  • Unit 6:Dedicated Gas Meter: Yes
  • Unit 6:Dedicated Water Heater: Yes
  • Unit 6:Electric: No
  • Unit 6:Heat: No
  • Unit 6:Range: Yes
  • Unit 6:Refrigerator: Yes
  • Unit 6:Sewer: Yes
  • Unit 6:Water: Yes
Unit 7
  • Unit 7:Lease: Yes
  • Unit 7:Level: Third
  • Unit 7:Security Deposit: Yes
  • Unit 7:Monthly Rent: $2,300.00
  • Unit 7:# Full Baths: 1.00
  • Unit 7:# Half Baths: .00
  • Unit 7:# of Rooms: 6.00
  • Unit 7:# of Bedrooms: 3.00
  • Unit 7:Dedicated Electric Meter: Yes
  • Unit 7:Dedicated Gas Meter: Yes
  • Unit 7:Dedicated Water Heater: Yes
  • Unit 7:Electric: No
  • Unit 7:Heat: No
  • Unit 7:Range: Yes
  • Unit 7:Refrigerator: Yes
  • Unit 7:Sewer: Yes
  • Unit 7:Water: Yes
Unit 18
  • Unit 18:Heat: No
  • Unit 18:Range: Yes
  • Unit 18:Sewer: Yes
  • Unit 18:Water: Yes
Unit 19
  • Unit 19:Heat: No
  • Unit 19:Range: Yes
  • Unit 19:Refrigerator: Yes
  • Unit 19:Sewer: Yes
  • Unit 19:Water: Yes
Unit 20
  • Unit 20:Heat: No
  • Unit 20:Range: Yes
  • Unit 20:Refrigerator: Yes
  • Unit 20:Sewer: Yes
  • Unit 20:Water: Yes
Unit Information
  • Units:# of 1 BD Units: 2
  • Units:# of 2 BD Units: 4
  • Units:# of 3 BD Units: 1
  • Units:# of 4+ BD Units: 0

Property History for 55-57-59 St Lawrence Street

DateEvent & SourcePriceAppreciation
Oct 8, 2025

Listed (Active)

Maine Listings #1640218

$2,250,000—
Oct 7, 2025

Listed (Active)

Maine Listings #1640137

$2,250,000—
DateEvent & SourcePrice
10/08/2025

Listed (Active)

Maine Listings #1640218

$2,250,000
10/07/2025

Listed (Active)

Maine Listings #1640137

$2,250,000

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

Schools near 55-57-59 St Lawrence Street

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 55-57-59 St Lawrence Street, Portland, ME 04101

55-57-59 St Lawrence Street is a multi-family home for sale in Portland, ME 04101. This property was listed for sale on October 7, 2025 by Benchmark Real Estate, it's currently listed at $2,250,000. This listing's school district is Portland Public Schools. Nearby schools include East End Community School, King Middle School and Portland High School. 55-57-59 St Lawrence Street is a 13-bed, 7-bath, 9,600 sqft multi-family home built in 1915.

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 Benchmark 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.