7 Cherry Street

Closed 2/6/26

Sold

Last Sold Price

$725,000

3 baths2,923 sqft

7 Cherry St, Portland, ME 04102

Multi FamilyProperty Type

0.18 acresLot Size

1875Year Built

$248/sq ftPrice per sq ft

Description

Fantastic investment opportunity—a three-unit multifamily property at 7 Cherry Street—offers strong rental potential in one of Maine's most desirable and consistently growing markets. Located just minutes from downtown, the Old Port, restaurants, amenities, and major commuter routes, this property attracts high-quality tenants and ensures steady demand year-round. With functional layouts and a solid rental history, this building is an ideal addition to any investor's portfolio or a great first acquisition...Fantastic investment opportunity—a three-unit multifamily property at 7 Cherry Street—offers strong rental potential in one of Maine's most desirable and consistently growing markets. Located just minutes from downtown, the Old Port, restaurants, amenities, and major commuter routes, this property attracts high-quality tenants and ensures steady demand year-round. With functional layouts and a solid rental history, this building is an ideal addition to any investor's portfolio or a great first acquisition for someone entering the Portland multifamily market, checking all the boxes whether you seek stable cash flow, long-term appreciation, or a value-add opportunity.

Listed by: Douglas Schauf Jr. 207.838.5593 doug@makemaineyourhome.com • RE/MAX Oceanside
Listed by: Curry White 239.222.1229 curry@makemaineyourhome.com • RE/MAX Oceanside

Listing closed: 02/06/2026 12:00 AM • Source: Maine Listings, MLS#: 1644239

Recent comparable sales

Median sold price

$810,000

Avg days on market

Sale-to-list ratio

95.6%

1/26

$780,000

Sold 11/30/25

Unavailable
Bedrooms: 3
Bathrooms: 2,964
Square Feet: 0.12
Acres

372 Park Avenue, Portland, ME 04102

1/56

$700,000

Sold 08/31/26

Unavailable
Bedrooms: 3
Bathrooms: 3,056
Square Feet: 0.1
Acres

14 Boynton Street, Portland, ME 04102

1/17

$815,000

Sold 06/26/26

Unavailable
Bedrooms: 3
Bathrooms: 3,136
Square Feet: 0.11
Acres

33 Payson Street, Portland, ME 04102

1/40

$810,000

Sold 05/09/25

Unavailable
Bedrooms: 3
Bathrooms: 3,098
Square Feet: 0.06
Acres

560 Cumberland Avenue, Portland, ME 04101

1/14

$820,000

Sold 04/28/25

Unavailable
Bedrooms: 3
Bathrooms: 3,119
Square Feet: 0.04
Acres

258 Spring Street, Portland, ME 04102

1/42

$702,000

Sold 06/22/26

Unavailable
Bedrooms: 3
Bathrooms: 2,994
Square Feet: 0.06
Acres

611 Forest Avenue, Portland, ME 04101

1/36

$849,000

Sold 07/30/26

Unavailable
Bedrooms: 3
Bathrooms: 3,119
Square Feet: 0.11
Acres

9 Grasmere Road, Portland, ME 04101

1/15

$850,000

Sold 05/26/26

Unavailable
Bedrooms: 3
Bathrooms: 3,200
Square Feet: 0.04
Acres

95 Gray Street, Portland, ME 04102

1/49

$762,500

Sold 10/01/25

Unavailable
Bedrooms: 3
Bathrooms: 3,369
Square Feet: 0.11
Acres

91 Washburn Avenue, Portland, ME 04102

Get preapproved with Rocket Mortgage¹

Location

Listing Courtesy of RE/MAX Oceanside

Sold By Dream Home Realty LLC

Add your commute

Payment Calculator

Get preapproved with Rocket Mortgage¹

$4,582 per month

30 year fixed, 7.03% Interest

Principal and Interest

$3,870

Property Taxes

$711

HOA Dues

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Property Information for 7 Cherry Street

Property Details

Taxes: $8,536 / year
MLS Type: Multi-Family
County: Cumberland County
Architectural Style: New Englander
Style: New Englander
Has Waterfront: No
Zoning: R6

Building Information

Stories: 3
Residences: 3
Year Built: 1875
Lot Size: 0.18 AC / 7,840 SF

Summary

Location and General Information

Water View: No
Location: Intown, Near Turnpike/Interstate

Page: 239-240
Zoning Overlay: No
Latitude: 43.654546
Longitude: -$70.28
Transportation: Major Road Access, Public Transport Access

Taxes and HOA

Association: No
Parcel Number: PTLD-000065-A000006-000001

Tax Lot: 6
Tax Block: A
Tax Book Number: 14576
Tax Map Number: 65
Tax Year: 2025
Tax Annual Amount: $8,536.30

Parking

Parking Features: 5 - 10 Spaces, Paved
Parking: 5 - 10 Spaces

Vehicle Storage: No Vehicle Storage
Has Attached Garage: No
Has Garage: No

Property

Lot Information

Lot Features: Level, Sidewalks, Intown, Near Turnpike/Interstate, Near Public Transit
Lot Size Acres: 0.18

Lot Size Area: 0.18
Lot Size Source: Public Records
Lot Size Square Feet: 7840.8
Lot Size Units: Acres
Roads: Paved, Public
Road Surface Type: Paved
SqFt Source: Public Records
Tree Growth: false
Site: Level, Sidewalks

Property and Assessments

Above Grade Finished Area: 2923.0
Building Area Total: 2923.0

Property Type: Multi-Family
Deed: All
Deed/Conveyance Type Offered: Warranty
Surveyed: No
Construction: Wood Frame
Year Built: 1875

Building Features

Levels: Multi-Level
Levels: Multi-Level

Construction Materials: Vinyl Siding, Wood Frame
Stories: 3

Financial Information

List Price/SqFt: $253.16

Utilities

Heat Fuel: Gas Natural
# Water Heaters: 3

Electric: Circuit Breakers
Gas: Natural - On Site
Sewer: Public Sewer
Water Source: Public
Water Heater: Gas, On Demand

Interior and Exterior Features

Exterior Features

Exterior: Vinyl Siding
Roof: Shingle

Driveway: Paved

Interior Features

Bathrooms Full: 3
Bathrooms Total Decimal: 3.0

Bathrooms Total Integer: 3
Basement: Walk-Out Access, Full, Exterior Only, Unfinished
Basement: Walk-Out Access, Full, Unfinished
Patio And Porch Features: Deck
Has Cooling: No
Heating: Hot Water, Direct Vent Heater, Baseboard
Has Heating: Yes
Flooring: Laminate

Multi Family

Multi Family Information

# of 2 BD Units: 1
# of 3 BD Units: 2

Number Of Units Total: 3

Income & Expenses

Gross Income: $46,800.00
Operating Expense: $14,270.67

Unit Information

Unit 1

Num Full Baths: 1
Dedicated Gas Meter: Yes

Dedicated Water Heater: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Electric: No
Heat: No
Range: Yes
Lease: Yes
Level: Second
Security Deposit: Yes
Actual Rent: $1,400.00
Beds Total: 3
Rooms Total: 5

Unit 2

Num Full Baths: 1
Dedicated Gas Meter: Yes

Dedicated Water Heater: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Electric: No
Heat: No
Range: Yes
Lease: Yes
Level: First
Security Deposit: Yes
Actual Rent: $1,400.00
Beds Total: 3
Rooms Total: 5

Unit 3

Num Full Baths: 1
Dedicated Gas Meter: Yes

Dedicated Water Heater: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Electric: No
Heat: No
Range: Yes
Lease: Yes
Level: Third
Security Deposit: Yes
Actual Rent: $1,100.00
Beds Total: 2
Rooms Total: 3

Rental

Rent Information

Land Lease: No

Tenant Information

Occupant Type: No

Property History for 7 Cherry Street

Date	Event & Source	Price	Appreciation
Feb 6, 2026	Sold (Public Record) Public Record #1928812928	$725,000	—
Feb 6, 2026	Sold Maine Listings #1644239	$725,000	—
Jan 7, 2026	Pending Maine Listings #1644239		—
Nov 14, 2025	Listed (Active) Maine Listings #1644239	$740,000	—

Date	Event & Source	Price
02/06/2026	Sold (Public Record) Public Record #1928812928	$725,000
02/06/2026	Sold Maine Listings #1644239	$725,000
01/07/2026	Pending Maine Listings #1644239	—
11/14/2025	Listed (Active) Maine Listings #1644239	$740,000

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

Public records

7 Cherry Street

Baths

Total Finished SqFt

2,923 SqFt

Above Grade Finished SqFt

2,923 SqFt

Stories

Lot Size

7,980 SqFt

Style

Triplex

Schools near 7 Cherry Street

This home is within Portland Public Schools.


Rating	School	Type	Grades	Distance
7/10	Ocean Avenue School	Public - Serves this home	K to 5	1.6 mi
2/10	King Middle School	Public - Serves this home	6 to 8	0.4 mi
5/10	Casco Bay High School	Public - Choice school	9 to 12	3.0 mi
2/10	Deering High School	Public - Choice school	9 to 12	1.4 mi
4/10	Portland High School	Public - Choice school	9 to 12	1.2 mi
NR	Sonlight Christian School	Private - Nearby school	3 to 12	0.9 mi
NR	Waynflete School	Private - Nearby school	PK to 12	0.8 mi
NR	Levey Day School	Private - Nearby school	PK to 8	0.8 mi


Rating	School	Distance
7/10	Ocean Avenue School PublicK to 5 Serves this home	1.6 mi
2/10	King Middle School Public6 to 8 Serves this home	0.4 mi
5/10	Casco Bay High School Public9 to 12 Choice school	3.0 mi
2/10	Deering High School Public9 to 12 Choice school	1.4 mi
4/10	Portland High School Public9 to 12 Choice school	1.2 mi
NR	Sonlight Christian School Private3 to 12 Nearby school	0.9 mi
NR	Waynflete School PrivatePK to 12 Nearby school	0.8 mi
NR	Levey Day School PrivatePK to 8 Nearby school	0.8 mi

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.

Similar Homes

New listings in 04102

$485,000 | 43 Edwards Street, Portland, ME 04102

1/32

Open: 10/17 10:00AM - 11:30AM

$485,000

2
Bedrooms: 1
Bathrooms: 980
Square Feet: 0.14
Acres

43 Edwards Street, Portland, ME 04102

$699,000 | 21 Edwards Street, Portland, ME 04102

1/48

Open: 10/11 11:00AM - 12:30PM

$699,000

20
Bedrooms: 8
Bathrooms: 2,320
Square Feet: 0.13
Acres

21 Edwards Street, Portland, ME 04102

1/38

$495,000

3
Bedrooms: 2
Bathrooms: 1,233
Square Feet

287 Spring Street, Unit 7, Portland, ME 04102

$1,349,000 | 77 Carleton Street, Portland, ME 04102

1/66

Open: 10/11 11:30AM - 01:00PMVirtual Tour

$1,349,000

5
Bedrooms: 4
Bathrooms: 3,030
Square Feet: 0.07
Acres

77 Carleton Street, Portland, ME 04102

1/12

$495,000

2
Bedrooms: 2
Bathrooms: 1,180
Square Feet

773 Congress Street, Unit 3, Portland, ME 04102

1/13

$499,000

3
Bedrooms: 3
Bathrooms: 4,070
Square Feet: 0.09
Acres

15 Boynton Street, Portland, ME 04102

$515,000 | 89 Dorset Street, Portland, ME 04102

1/33

Open: 10/11 12:00PM - 01:30PM

$515,000

3
Bedrooms: 1
Bathrooms: 1,444
Square Feet: 0.18
Acres

89 Dorset Street, Portland, ME 04102

1/5

$350,000

4
Bedrooms: 2
Bathrooms: 2,209
Square Feet: 0.06
Acres

15 Russell Street, Portland, ME 04102

1/32

$399,000

2
Bedrooms: 2
Bathrooms: 1,116
Square Feet

150 Brighton Avenue, Unit 1, Portland, ME 04102

Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 7 Cherry Street, Portland, ME 04102	$725,000	–	3	2,923	7,840
9 Cherry Street, Portland, ME 04102	$750,000	–	4	2,285	4,356
9-11 Cherry Street, Portland, ME 04102	$189,500	–	2	2,285	4,791
3 Cherry Street, Portland, ME 04102	–	–	4	3,336	7,427
15 Cherry Street, Portland, ME 04102	$212,000	2	1	1,035	3,484
16 Hemlock Street, Portland, ME 04102	$70,088	4	2	1,890	3,049
8 Cherry Street, Portland, ME 04102	–	3	1	1,185	1,699
25 Hemlock Street, Portland, ME 04102	$506,000	–	4	2,923	4,356
17 Hemlock Street, Portland, ME 04102	$725,000	–	3	3,993	3,049
16 Cherry Street, Portland, ME 04102	$115,000	4	1	1,730	3,920
987 Congress Street, Portland, ME 04102	–	–	–	–	62,143
12 Hemlock Street, Portland, ME 04102	$125,000	4	2	1,527	2,178
10 Cherry Street, Portland, ME 04102	–	3	1.5	1,596	5,014
13 Hemlock Street, Portland, ME 04102	$280,000	–	4	3,124	3,049
11 Hemlock Street, Portland, ME 04102	$175,000	4	2	1,800	4,791
6 Hemlock Street, Portland, ME 04102	$310,000	4	1	1,353	1,742

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.