Ad #7993944
MLS #1665032
Rare opportunity to acquire an exceptional five-unit multifamily
32 Clemons St, South Portland, ME 04106
$1,100,000
--Beds
6Baths
3,990Sqft
0.6Acres
About this property
Rare opportunity to acquire an exceptional five-unit multifamily property in one of South Portland's most desirable neighborhoods. Set on approximately 0.60 acres, this offering combines strong current income, value-add potential, and an attractive owner-occupied opportunity. The property has been meticulously maintained with extensive capital improvements, including roofing, a rebuilt front fire escape and deck system, electrical upgrades, an efficient natural gas heating system, exterior improvements, and a beautiful brick patio. This is a true turnkey asset with a level of care rarely found in today's multifamily market. The owner's residence features a townhouse-style layout with expansive living areas, flexible bonus space, a barn, and a stunning great room above. Enjoy views toward the Portland skyline and Casco Bay from the private deck, while large windows provide abundant natural light. The grounds include a circular driveway, mature gardens, green space, and a detached one-car garage. The generous lot offers a setting rarely found this close to Portland and South Portland amenities, with potential future expansion or redevelopment opportunities. The property consists of three one-bedroom apartments, one studio apartment, and a spacious two-bedroom owner's unit. Current rents are below market, providing immediate upside potential. Tenants pay their own electricity, while the owner provides heat and hot water through an efficient natural gas boiler. With approximately $88,000 in net operating income and a 6.4% cap rate, this property offers stable cash flow, strong tenant profiles, and long-term upside. Whether seeking a quality investment, owner-occupied multifamily, or future development opportunity, 32 Clemons Street is one of Greater Portland's most compelling offerings.
Property Features
0 Beds
6 Baths
3,990 Sqft
Built in 1930
0.6 Acres
Off Street
Siding: Wood Frame, Vinyl Siding
Shingle Roof
Hot Water(Heating), Baseboard, Natural Gas
$11,636 / yr property tax
Cumberland County
Additional Photos
Contact Information
Thomas Landry
Benchmark Real Estate
207-775-0248
Location
BeachHouse.com
Printed Aug 11, 2026
Photo Gallery
$1,100,000
--
Beds
6
Baths
3,990
Sqft
32 Clemons St, South Portland, ME 04106
By contacting this agent you agree to these Terms and Conditions.
MLS# 1665032
Rare opportunity to acquire an exceptional five-unit multifamily
$1,100,000
32 Clemons St, South Portland, ME 04106
--
Beds
6
Baths
3,990
Sqft
0.6
Acres
$1,100,000
32 Clemons St, South Portland, ME 04106
-- Beds
6 Baths
3,990 Sqft
0.6 Acres
Rare opportunity to acquire an exceptional five-unit multifamily property in one of South Portland's most desirable neighborhoods. Set on approximately 0.60 acres, this offering combines strong current income, value-add potential, and an attractive owner-occupied opportunity. The property has been meticulously maintained with extensive capital improvements, including roofing, a rebuilt front fire escape and deck system, electrical upgrades, an efficient natural gas heating system, exterior improvements, and a beautiful brick patio. This is a true turnkey asset with a level of care rarely found in today's multifamily market. The owner's residence features a townhouse-style layout with expansive living areas, flexible bonus space, a barn, and a stunning great room above. Enjoy views toward the Portland skyline and Casco Bay from the private deck, while large windows provide abundant natural light. The grounds include a circular driveway, mature gardens, green space, and a detached one-car garage. The generous lot offers a setting rarely found this close to Portland and South Portland amenities, with potential future expansion or redevelopment opportunities. The property consists of three one-bedroom apartments, one studio apartment, and a spacious two-bedroom owner's unit. Current rents are below market, providing immediate upside potential. Tenants pay their own electricity, while the owner provides heat and hot water through an efficient natural gas boiler. With approximately $88,000 in net operating income and a 6.4% cap rate, this property offers stable cash flow, strong tenant profiles, and long-term upside. Whether seeking a quality investment, owner-occupied multifamily, or future development opportunity, 32 Clemons Street is one of Greater Portland's most compelling offerings.
42 days
on BeachHouse.com
0
view
0
saves
Contact Information
Please say you found it on BeachHouse.com!
Listing Agent
Thomas Landry
Benchmark Real Estate
Listing Agent: Thomas Landry 207-775-0248. Broker: Benchmark Real Estate 207-775-0248 Listing Site. Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Property Details
HOME DETAILS
0 Beds
6 Baths
3,990 Sqft
Built in 1930
0.6 Acres
EXTERIOR
Off Street
Siding: Wood Frame, Vinyl Siding
Shingle Roof
INTERIOR
Hot Water(Heating), Baseboard, Natural Gas
FINANCIAL & COMMUNITY
$11,636 / yr property tax
Cumberland County
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7993944
Viewed
0 time
Listing Status
Active
Added
Jun 30, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Maine Listings
Source Property ID
1665032
All information provided is deemed reliable but is not guaranteed and should be independently verified.
Request Information
Start advertising today
Explore options for real estate agents and homeowners advertising on BeachHouse.com
Sell Your Home
Explore Similar Properties
