Positioned in Portland's desirable Parkside Neighborhood, 142 Sherman Street is a fully occupied four-unit investment property offering stable in-place income in one of the city's most sought-after residential neighborhoods. The property benefits from a walkable location just minutes from downtown, the Peninsula, and major commuter routes. The building features a functional unit mix with consistent occupancy, supported by strong rental demand in the surrounding area. The property has been well maintained and improved over time, with a series of updates to both unit interiors and key building systems, contributing to overall efficiency, condition, and long-term reliability. Tenants enjoy convenient access to local shops, restaurants, and services, supporting strong retention and continued demand.

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Tax Information

Parcel Number PTLD-000048-E000002-000001
Taxes$8,770

Location

Address142 Sherman Street
Building Number142
CountyCumberland
StateME
StreetSherman Street
TownPortland
Zip04101

Utilities

Electric Circuit Breakers, Fuses
Heat SystemGas Natural, Baseboard, Direct Vent Heater, Hot Water
Heating YN Yes
Waste Water DisposalPublic Sewer

Parking

Parking Features Paved,5 - 10 Spaces

Basic Information

List Price$949,000
LocationTypeIntown, Near Shopping
MLS Number1661644
Property TypeMulti-Family
StatusACT

Property

Road Surface Type Paved
Site Other Site, Sidewalks

Property Information

Acreage0.12
Lot Features Intown, Other, Sidewalks
Square Feet3,578

Legal

ZoningR7

Rooms

Bathroom4
Bathrooms Total Decimal 4
Full Bath4

Building

BasementDoghouse, Interior Entry, Daylight, Finished, Full
Flooring Carpet, Laminate, Wood
Property StyleOther
Units4
Year Built1889

Exterior

RoofShingle

Amenities

Other AmenitiesBasement

Water Body

Water AccessPublic

Other

Date Listed05/11/2026
Unit 1 Full Baths 1
Unit 1 Lease Yes
Unit 1 Level Basement
Unit 1 Monthly Rent $1,890
Unit 1 Rooms 6
Unit 1 Water Yes
Unit 2 Full Baths 1
Unit 2 Lease Yes
Unit 2 Level First
Unit 2 Monthly Rent $2,000
Unit 2 Rooms 6
Unit 2 Water Yes
Unit 3 Full Baths 1
Unit 3 Lease Yes
Unit 3 Level Second
Unit 3 Monthly Rent $2,500
Unit 3 Rooms 6
Unit 3 Water Yes
Unit 4 Full Baths 1
Unit 4 Lease Yes
Unit 4 Level Third
Unit 4 Monthly Rent $1,850
Unit 4 Rooms 5
Unit 4 Water Yes

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142 Sherman StreetPortland, ME 04101Price: $949,000

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