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69 Newbury Street

Portland

$2,100,000

beds   ·   4 baths   ·   4,438 sqft   ·   0.04 acres   ·   taxes: $9,946   ·   MLS#: 1671572

Mixed-use investment opportunity in Portland's desirable East End, an area that continues to see strong growth and investment. This four-unit property features three residential apartments and one commercial space, offering a combination of strong rental income, flexibility, and long-term value. The residential units include a completely renovated 2-bedroom, 1-bathroom apartment with a bonus room, a 2-bedroom, 1-bathroom apartment, and a renovated 3-bedroom, 2-bathroom apartment. Extensive capital improvements include a new roof (2023), new siding, new windows, three new heat pumps, updated plumbing and electrical systems, renovated kitchens and bathrooms, and substantial improvements to the commercial space. The commercial unit offers a versatile blank canvas with several approved uses, including food & beverage, office, retail, and more, with a renovated shell ready for customization. This flexible commercial component offers an opportunity to tailor the space to a variety of uses while complementing the property's existing residential income. Steps from the Roux Institute, Eastern Promenade, East End Beach, the Old Port, Portland's waterfront, and countless restaurants, breweries, coffee shops, and local retail shops. This is a rare opportunity to acquire a well-improved mixed-use asset in a growing Portland neighborhood with strong fundamentals and continued upside. Showings by appointment only. Please allow a minimum of 48 hours' notice. Please see the attached list of capital improvements for a summary of recent renovations and upgrades.

MORE DETAILS

Structure

  • Electric : Circuit Breakers
  • Year Built : 1905
  • Style : Other
  • Flooring : Carpet, Laminate, Hardwood
  • Garage Spaces : 0.00
  • Roof : Shingle
  • Basement : Exterior Entry, Walk-Out Access
  • Heating : Electric, Oil, Baseboard, Heat Pump, Hot Water
  • Cooling : Heat Pump, Window Unit(s)

Site

  • Water Body Type : Nearby, Public
  • Water Body Name : Portland Harbor
  • Water Source : Public
  • Sewer : Public Sewer
  • Zoning : IS-FBC
Listing provided by Harborview Properties, Inc.

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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Camden Real Estate participates in MREIS' Maine Internet Data Exchange (Maine IDX) program, allowing us to display other Maine IDX Participant's Listings. We have chosen, however, to limit the Listings shown on this page to only those Listings meeting the following criteria: listings in Maine only.


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© Camden Real Estate Company
43 Elm Street
Camden, Maine 04843
207.236.6171
info@camdenre.com
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43 Elm Street Camden, Maine 04843
207.236.6171     info@camdenre.com
   
© Camden Real Estate Company
privacy policy