88 Portland Street

South Berwick, ME 03908

$489,000
Price
5
Beds
2
Baths
2,560 Sq. Ft.
$191 / Sq. Ft.
2,560
Sq. Ft.
$191
per Sq. Ft.

Description

Tremendous Two-Family Investment Opportunity! Owner occupants and investors will not want to miss seeing this solid-well maintained home in an ideal location! Occupy one of two units while collecting $2,200+ monthly rental income. Annual rental income for both units would be approx $48,000. This home boasts architectural detail including multi-step door and window moldings, custom baseboards and the original balustrade handrail system. The roof on the main section of the home was replaced six months...Tremendous Two-Family Investment Opportunity! Owner occupants and investors will not want to miss seeing this solid-well maintained home in an ideal location! Occupy one of two units while collecting $2,200+ monthly rental income. Annual rental income for both units would be approx $48,000. This home boasts architectural detail including multi-step door and window moldings, custom baseboards and the original balustrade handrail system. The roof on the main section of the home was replaced six months ago. Both units have been updated and have separate utilities. Unfinished attic for storage or expansion, as well as a large level lot with plenty of parking and the potential for a fully landscaped yard or auxiliary dwelling unit. Walk to one of many restaurants or enjoy the fresh air on this lovely farmers' porch. Close by you will find a park, several golf courses and beaches. Conveniently less than an hour from Portland, a little over an hour from Boston, and 25 minutes to Portsmouth. Highly regarded public and private school options.
  1. Listed by David White • OwnerEntry.com

Property Details for 88 Portland Street

Waterfront
No
ArchitecturalStyle
Other Style
Garage
No
Zoning
r

Location

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LISTING UPDATED: 05/02/2024 10:09 AM

Property Details for 88 Portland Street

StatusPending
MLS #1587192
Days on Market7
Taxes$4,843 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built1875
Lot Size0.31 AC / 13,503 SF
CountyYork County

Location

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Building Information for 88 Portland Street

Stories-Residences2Year Built1875Building Size-Lot Size0.31 AC / 13,503 SF

Payment Calculator

$3,072 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,669

Property Taxes

$404

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 88 Portland Street

Summary
Location and General Information
  • Road Surface Type: Paved
  • Zip Code: 1204
  • Town: South Berwick
  • State/Province: ME
  • Zip Code: 03908
  • County: York
  • Geo Latitude: 43.235253
  • Geo Longitude: -70.807345
  • Tax Lot: 160
  • Site:Level: Yes
  • Site:Sidewalks: Yes
  • Location:Intown: Yes
  • Location:Near Shopping: Yes
Parking
  • Parking Features: Gravel, Off Street
  • Attached Garage: No
Taxes and HOA Information
  • Tax Book Number: 0
  • Tax Map Number: 28
  • Tax Year: 2024
  • Parcel Number: SBER-000028-000000-000160
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $4,843.00
Property
Heating and Cooling
  • Water Heater:Electric: Yes
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 2560.0
  • Lot Size Acres: 0.31
  • Source of Acreage: Seller
  • Building Area Total: 2560.0
  • Lot Size Area: 0.31
  • Lot Size Units: Acres
  • Lot Size Square Feet: 13503.6
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Street Number: 88
  • Property Information:Surveyed: Unknown
  • Property Information:Seasonal: No
  • Property Information:Total Half Baths: .00
Parking
  • Driveway:Gravel: Yes
Property and Assessments
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Year Built: 1875
Utilities
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities:Utilities On: Yes
  • Gas:No Gas: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Other Exterior, Wood Frame
  • Vehicle Storage:No Vehicle Storage: Yes
  • Roof: Shingle
Interior Features
  • Basement: Full, Interior Entry
  • Flooring: Vinyl, Tile, Laminate, Carpet
  • Cooling: None
  • Heating: Hot Water, Baseboard
  • Foundation Details: Stone, Brick/Mortar
  • Bathrooms Total (Integer): 2
  • Bathrooms Total (Decimal): 2.00
  • Bathrooms Total (Notational): 2.00
  • Cooling YN: No
  • Heating YN: Yes
Multi Family
Income & Expenses Information
  • Gross Income: $.00
  • Operating Expenses: $999.00
Multi-Family Information
  • Number of Units: 2
Unit 1
  • Unit 1:Lease: No
  • Unit 1:Level: First
  • Unit 1:Security Deposit: No
  • Unit 1:Monthly Rent: $.00
  • Unit 1:# Full Baths: 1.00
  • Unit 1:# of Half Baths: .00
  • Unit 1:# of Rooms: 5.00
  • Unit 1:# of Bedrooms: 3.00
  • Unit 1:Dedicated Electric Meter: Yes
  • Unit 1:Dedicated Gas Meter: No
  • Unit 1:Dedicated Water Heater: Yes
  • Unit 1:Electric: No
  • Unit 1:Heat: No
  • Unit 1:Range: No
  • Unit 1:Refrigerator: No
  • Unit 1:Sewer: No
  • Unit 1:Water: No
Unit 2
  • Unit 2:Lease: No
  • Unit 2:Level: Second
  • Unit 2:Security Deposit: No
  • Unit 2:Monthly Rent: $.00
  • Unit 2:# Full Baths: 1.00
  • Unit 2:# Half Baths: .00
  • Unit 2:# of Rooms: 5.00
  • Unit 2:# of Bedrooms: 2.00
  • Unit 2:Dedicated Electric Meter: Yes
  • Unit 2:Dedicated Gas Meter: No
  • Unit 2:Dedicated Water Heater: Yes
  • Unit 2:Electric: No
  • Unit 2:Heat: No
  • Unit 2:Range: No
  • Unit 2:Refrigerator: No
  • Unit 2:Sewer: No
  • Unit 2:Water: No
Unit Information
  • Units:# of 1 BD Units: 0
  • Units:# of 2 BD Units: 1
  • Units:# of 3 BD Units: 1
  • Units:# of 4+ BD Units: 0

Property History for 88 Portland Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 88 Portland Street

Taxable ValueLand$117,100Additions$202,400Total$319,500
Tax Record2022$4,646 ($387 / month)
Home Facts
Baths2Total Finished SqFt1,716 SqFtAbove Grade Finished SqFt1,716 SqFtStories2Lot Size13,504 SqFtStyleDuplexYear Built1875ZoningR1 RESCountyYORKAPNSBER M:028 B:160

Schools near 88 Portland Street

This home is within Regional School Unit 35 Msad 35.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - 6 to 8
Public - 9 to 12
Public - 4 to 5
Rating
School
Distance
Central School
PublicPK to 3

Marshwood Middle School
Public6 to 8

Marshwood High School
Public9 to 12

Marshwood Great Works School
Public4 to 5

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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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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of OwnerEntry.com

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.