Multi Unit’s

Current Inventory: 89   Median Asking Price: 329K
View all multi unit listings here

The Porltland Maine Multi Unit market offers the whole range of properties from affordable duplex owner occupied buildings to larger multi unit commercial properties.  Many 3-4 unit properties exist for the entry level and advanced real estate investor.   As of April 2010 there are 89 properties on the market listed at a median price point of $329,000. Broken down there are 40 duplex’s, 35 3-4 unit properties and 14 buildings with 5 or more units.  In 2009 a total of 93 units sold at a median sold price of $295,000.

The Portland multi unit market has lost about 10% of its value over the past year and seen a significant slow down in transaction volume attributed to the general real estate turmoil.

Obtaining a Maine mortgage program and financing a multi-unit is similar to residential transactions although rates will vary based on if you plan to owner occupy the building or to purchase simply as an investment.

For a more in depth analysis of investment property in Portland Maine. Please feel free to contact me anytime.