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Prime Portland Investment Opportunity! Calling all investors, contractors, and visionaries. Located in a highly desirable Portland neighborhood, this 2-unit duplex at 15 Russell Street offers a rare chance to bring a multi-family property back to life. Priced aggressively this building is a true blank canvas awaiting a complete top-to-bottom renovation. Whether you are looking to execute a full condo-conversion, design a premium owner-occupied multi-family, or add a high-yield rental asset to your portfolio, the potential here is unmatched. The property requires extensive rehabilitation and is being sold strictly as-is, making it an ideal candidate for cash buyers or 203k/construction financing. Capitalize on Portland's exceptionally strong rental market and severe inventory shortage. Properties with this level of value-add potential are increasingly rare. Bring your architect, your contractor, and your imagination to unlock the immense equity waiting within these walls.
Property Type(s):
Multi Family
| Last Updated | 10/6/2026 | Year Built | 1910 |
|---|---|---|---|
| County | Cumberland |
Additional Details
| AIR | None |
|---|---|
| BASEMENT | Interior Entry, Partial, Yes |
| CONSTRUCTION | Frame, Vinyl Siding |
| HEAT | Oil, Steam |
| LOT | 2614 sq ft |
| LOT DIMENSIONS | 0.06 |
| MLS STATUS | Active |
| PARKING | None |
| SEWER | Public Sewer |
| STYLE | Other |
| TAXES | 7434 |
| UTILITIES | Natural Gas Not Available |
| WATER | Public |
Listing provided by Keller Williams Realty
Listing data is derived in whole or in part from the Maine IDX & is for consumers'' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.© 2026 Maine Real Estate Information System, Inc. All Rights Reserved. 
Additional school data provided by Onboard Informatics © 2026 Onboard Informatics. Information deemed reliable but not guaranteed.
Mortgage Calculator provided by Diverse Solutions © 2026
IDX data provided by Market Leader, courtesy of Maine Listings.
This IDX solution is (c) Diverse Solutions 2026.
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