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Image 1 - 280 Lincoln St, South Portland, Maine, 04106 - House for sale
Image 2 - 280 Lincoln St, South Portland, Maine, 04106 - House for sale
Image 3 - 280 Lincoln St, South Portland, Maine, 04106 - House for sale
Image 4 - 280 Lincoln St, South Portland, Maine, 04106 - House for sale
Image 5 - 280 Lincoln St, South Portland, Maine, 04106 - House for sale
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Image 8 - 280 Lincoln St, South Portland, Maine, 04106 - House for sale
Image 9 - 280 Lincoln St, South Portland, Maine, 04106 - House for sale
Lincoln St, South Portland, Home For Sale
280 Lincoln St, South Portland, Maine, 04106

Lincoln St, South Portland, Home For Sale

house for sale
Listed: 08/11/24

280 Lincoln St, South Portland, Maine, 04106

Studio Bed:
7 Bath:
9,854 Sq Ft Living Area:
Save
Price
$ 1,58M

About This House

Located in South Portland's Ligonia neighborhood, this is a unique opportunity to purchase a turnkey 7-unit residential apartment building and a5, 582 SFflex building, currently with 7-commercial tenants. The apartment building is in great condition, with many renovated units, two newer boilers, a brand-new deck, fresh paint and replacement windows. The flex building is divided into 7 studios/workshops, currently occupied by long term artists and ''maker'' tenants on an at-will basis. The owner occupies one of the commercial units as a workshop and can either remain as a tenant or vacate for a new owner. This property is ideal as a fully occupied investment or for an owner-user seeking shop space while offsetting occupancy costs with rental income.

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Cash Corner Housing & Living

Household Income

Median household income: $59,515
Number of households: 10,663
The average household income in South Portland, ME grew from $56,250 to $59,515 in the past year. This data is an estimate based upon 10,663 households in South Portland, ME.
The chart below presents how household income is distributed in South Portland, ME in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in South Portland, ME compared to median property taxes around the country. The prevalent amount of property taxes in South Portland, ME equals $3k+ , which is more than the national average.