7 Cherry Street

Closed 2/6/26
Closed 2/6/26
7 Cherry St._02
7 Cherry St._01
7 Cherry St._07
7 Cherry St._08
7 Cherry St._03
7 Cherry St._04
7 Cherry St._05
7 Cherry St._06
Last Sold Price
$725,000
2,923 sqft$248/sqft
7 Cherry St, Portland, ME 04102

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.
LISTING CLOSED: 02/06/2026 12:00 AM

  1. Listed by Douglas Schauf Jr. • RE/MAX Oceanside
    P: (207) 838-5593 C: (207) 838-5593 doug@makemaineyourhome.com
  2. Listed by Curry White • RE/MAX Oceanside
    P: (239) 222-1229 C: (239) 222-1229 curry@makemaineyourhome.com

Property Details for 7 Cherry Street

Status
Closed
MLS #
1644239
Days on Market
43
Taxes
$8,536 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Multi-Family
Year Built
1875
Lot Size
0.18 AC / 7,840 SF
County
Cumberland County
Architectural Style
New Englander
Style
New Englander
Has Waterfront
No
Zoning
R6

Recent comparable sales

Median sold price

$810,000

Avg days on market

19

Sale-to-list ratio

97.9%

Portland, ME

9 comparable properties found

$780,000 | 372 Park Avenue, Portland, ME 04102
1/26
1

$780,000

Sold 11/30/25

Unavailable
Bedrooms
2,964
Square Feet
0.12
Acres

372 Park Avenue, Portland, ME 04102

$815,000 | 33 Payson Street, Portland, ME 04102
1/17
2

$815,000

Sold 06/26/26

Unavailable
Bedrooms
3,136
Square Feet
0.11
Acres

33 Payson Street, Portland, ME 04102

$810,000 | 560 Cumberland Avenue, Portland, ME 04101
1/40
3

$810,000

Sold 05/09/25

Unavailable
Bedrooms
3,098
Square Feet
0.06
Acres

560 Cumberland Avenue, Portland, ME 04101

$715,000 | 23 Frederic Street, Portland, ME 04102
1/32
4

$715,000

Sold 09/05/24

Unavailable
Bedrooms
2,556
Square Feet
0.09
Acres

23 Frederic Street, Portland, ME 04102

$820,000 | 258 Spring Street, Portland, ME 04102
1/14
5

$820,000

Sold 04/28/25

Unavailable
Bedrooms
3,119
Square Feet
0.04
Acres

258 Spring Street, Portland, ME 04102

$702,000 | 611 Forest Avenue, Portland, ME 04101
1/42
6

$702,000

Sold 06/22/26

Unavailable
Bedrooms
2,994
Square Feet
0.06
Acres

611 Forest Avenue, Portland, ME 04101

$849,000 | 9 Grasmere Road, Portland, ME 04101
1/36
7

$849,000

Sold 07/30/26

Unavailable
Bedrooms
3,119
Square Feet
0.11
Acres

9 Grasmere Road, Portland, ME 04101

$850,000 | 95 Gray Street, Portland, ME 04102
1/15
8

$850,000

Sold 05/26/26

Unavailable
Bedrooms
3,200
Square Feet
0.04
Acres

95 Gray Street, Portland, ME 04102

$762,500 | 91 Washburn Avenue, Portland, ME 04102
1/49
9

$762,500

Sold 10/01/25

Unavailable
Bedrooms
3,369
Square Feet
0.11
Acres

91 Washburn Avenue, Portland, ME 04102

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Location

Listing Courtesy of RE/MAX Oceanside

Sold By Dream Home Realty LLC

Add your commute

Building Information for 7 Cherry Street

Stories3Residences3Year Built1875Building Size-Lot Size0.18 AC / 7,840 SF

Payment Calculator

Get preapproved with Rocket Mortgage1

$4,396 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,685

Property Taxes

$711

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 7 Cherry Street

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
Rental
Rent Information
  • Land Lease: No
Tenant Information
  • Occupant Type: No

Property History for 7 Cherry Street

DateEvent & SourcePriceAppreciation
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

—
DateEvent & SourcePrice
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

—

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

Public Records for 7 Cherry Street

Taxable ValueLand$209,400Additions$505,400Total$714,800
Tax Record2025$8,563 ($714 / month)
Home Facts
Baths3Total Finished SqFt2,923 SqFtAbove Grade Finished SqFt2,923 SqFtStories2Lot Size7,980 SqFtStyleTriplexYear Built1875Year Renovated1875CountyCUMBERLANDAPNPTLD M:065 B:A006001

Schools near 7 Cherry Street

This home is within Portland Public Schools.
Rating
School
Type
Grades
Distance
Ocean Avenue School
Public - K to 5
King Middle School
Public - 6 to 8
Casco Bay High School
Public - 9 to 12
Deering High School
Public - 9 to 12
Rating
School
Distance
Ocean Avenue School
PublicK to 5

King Middle School
Public6 to 8

Casco Bay 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 7 Cherry Street, Portland, ME 04102
$725,000
–
2,923
7,840
9 Cherry Street, Portland, ME 04102
$750,000
–
2,285
4,356
9-11 Cherry Street, Portland, ME 04102
$189,500
–
2,285
4,791
3 Cherry Street, Portland, ME 04102
–
–
4
3,336
7,427
15 Cherry Street, Portland, ME 04102
$212,000
2
1,035
3,484
16 Hemlock Street, Portland, ME 04102
$70,088
4
1,890
3,049

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.

Listing Courtesy of RE/MAX Oceanside

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. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.