272 State Street, Portland, ME 04101 (MLS # 1666398)

Originally constructed in 1894 and recognized by Greater Portland Landmarks as the John Howard Hill House, this well-maintained seven-unit brick investment property combines historic character with modern updates in a prime Portland location near Maine Medical Center, the University of Southern Maine, and downtown Portland. This property offers seven spacious apartments, including one efficiency unit, with strong rental appeal and long-term upside. Recent improvements include two new toilets, four new bathroom vanities, a new sink, a new refrigerator, and a new stove. All units feature keyless entry systems, providing added convenience for tenants and streamlined management for ownership. Solid brick construction contributes to low-maintenance ownership, while the property's desirable location continues to attract tenants seeking proximity to major employers, educational institutions, and Portland's restaurants, shops, and amenities. The property also includes four off-street parking spaces, generating an additional $4,800 in annual income. An opportunity to acquire a historic multifamily asset with strong fundamentals, additional income potential, and a proven location in one of Portland's most established rental corridors

Last Updated	6/10/2026	Year Built	1894
County	Cumberland

Additional Details

AIR	None
BASEMENT	Full, Yes
CONSTRUCTION	Brick
HEAT	Baseboard, Hot Water
LOT	5227 sq ft
LOT DESCRIPTION	Level
LOT DIMENSIONS	0.12
MLS STATUS	Active
PARKING	Common, Gravel, Paved
SEWER	Public Sewer
STYLE	Other, Victorian
TAXES	15255
UTILITIES	Natural Gas Available
WATER	Public

Location

 

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