Portland
$2,250,000
69 Newbury Street
mls: 1671572
Bathrooms: 5
Year Built: 1905
Sq Footage: 4,438
Lot Size: 0.04
Taxes: $9,946
Status: Active

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.

Listed by: Harborview Properties, Inc.

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.

Listed by: Harborview Properties, Inc.

Above Grade Finished Area
4438.00
Accessibility Features
Appliances
Architectural Style
Other
Basement
Exterior Entry, Walk-Out Access
Bathrooms Full
4
Bathrooms Total Integer
5
Below Grade Finished Area
0.00
Body Type
Building Area Total
4438.00
Construction Materials
Wood Frame, Vinyl Siding
Cooling
Heat Pump, Window Unit(s)
Cooling Yes/No
1
Electric
Circuit Breakers
Exterior Features
Flooring
Carpet, Laminate, Hardwood
Foundation Details
Brick/Mortar
Garage Spaces
0.00
Green Energy Efficient
Heating
Electric, Oil, Baseboard, Heat Pump, Hot Water
Heating Yes/No
1
Interior Features
Laundry Features
Lot Features
Intown, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Neighborhood, Level, Sidewalks, Near Public Transit
Lot Size Acres
0.0400
Other Equipment
Other Structures
Parking Features
No Driveway, None, Off Street
Patio And Porch Features
Pets Allowed
Property Condition
Roof
Shingle
Sewer
Public Sewer
Tax Annual Amount
9946.00
Utilities
Water Body Name
Portland Harbor
Water Source
Public
Waterfront Features
Nearby, Public
Year Built
1905
Zoning
IS-FBC