Charming 3-Unit Investment Property Near Back Cove in a Prime Portland Location. Tucked into a desirable, highly walkable neighborhood near the University of Southern Maine, this classic Portland multi-family blends timeless character with strong income potential. The first and second floor units showcase original hardwood floors, period details, and vintage built-ins that highlight the property's historic charm. The third unit offers flexibility and can be combined with the second floor to create an expansive owner's suite, complete with views of Back Cove. A detached garage provides valuable covered parking, protecting vehicles from Maine's elements. Residents enjoy a quiet, tree-lined street just minutes from neighborhood shops, popular cafes, and public transportation. With a proven rental history, consistent cash flow, and low vacancy, this property is well-suited for investors or owner-occupants seeking to live in one of Portland's most desirable locations.

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Tax Information

Parcel Number PTLD-000111-D000011-000001
Taxes$11,192

Location

Address9 Grasmere Road
Building Number9
CountyCumberland
StateME
StreetGrasmere Road
TownPortland
Zip04101

Property

Site Sidewalks
Vehicle Storage 2 Car

Utilities

Electric Circuit Breakers
Heat SystemElectric, Oil, Baseboard, Hot Water
Heating FuelElectric, Oil
Heating YN Yes
Waste Water DisposalPublic Sewer

Legal

ZoningR3

Parking

Parking 1 - 4 Spaces
Parking Features Paved,1 - 4 Spaces

Basic Information

List Price$858,000
LocationTypeIntown
MLS Number1660702
Property TypeMulti-Family
StatusPEN
Virtual TourView Tour

Interior

Furnished Unfurnished

Exterior

Exterior Clapboard
RoofShingle

Property Information

Acreage0.11
Lot Features Intown, Sidewalks
Square Feet3,119

Other

Date Listed05/06/2026
Unit 1 Full Baths 1
Unit 1 Lease Yes
Unit 1 Level First
Unit 1 Monthly Rent $2,629
Unit 1 Rooms 6
Unit 1 Water Yes
Unit 2 Full Baths 1
Unit 2 Lease Yes
Unit 2 Level Second
Unit 2 Monthly Rent $1,900
Unit 2 Rooms 6
Unit 2 Water Yes
Unit 3 Full Baths 1
Unit 3 Lease Yes
Unit 3 Level Third
Unit 3 Monthly Rent $996
Unit 3 Rooms 2
Unit 3 Water Yes

Rooms

Bathroom3
Bathrooms Total Decimal 3
Full Bath3

Building

BasementBulkhead, Interior Entry, Full
Building ConstructionWood Frame
Building Info Heating Units 3
Building Info Water Heaters 3
Flooring Carpet, Tile, Wood, Linoleum
FoundationStone
GarageYes
Garage Spaces2
Property StyleNew Englander
Stories3
Units3
Year Built1930

Amenities

Other AmenitiesBasement, Water View

Water Body

Water AccessPublic
Water Body NameBack Cove
Water Body TypeCove
Water ViewSeasonal

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46 Casco Rd, Brunswick - Portside Luxury Home participates in ©2026 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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9 Grasmere RoadPortland, ME 04101Price: $858,000

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