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272 State Street, 
Portland, ME 04101

$1,580,000


Bed


7

Baths


4,454

Sq Ft


Multi-Family

Pending

RE/MAX Shoreline

Last updated:

July 18, 2026, 08:45 AM

MLS#

1666398

Source:

ME MREIS

About This Home

272 State Street

Originally constructed in 1894 and recognized by Greater Portland Landmarks as the John Howard Hill House, this well-maintained seven-unit brick investment property combines historic character with modern updates in a prime Portland location near Maine Medical Center, the University of Southern Maine, and downtown Portland. This property offers seven spacious apartments, including one efficiency unit, with strong rental appeal and long-term upside. Recent improvements include two new toilets, four new bathroom vanities, a new sink, a new refrigerator, and a new stove. All units feature keyless entry systems, providing added convenience for tenants and streamlined management for ownership. Solid brick construction contributes to low-maintenance ownership, while the property's desirable location continues to attract tenants seeking proximity to major employers, educational institutions, and Portland's restaurants, shops, and amenities. The property also includes four off-street parking spaces, generating an additional $4,800 in annual income. An opportunity to acquire a historic multifamily asset with strong fundamentals, additional income potential, and a proven location in one of Portland's most established rental corridors

Home Facts

Multi-Family

7 Baths

Built in 1894

Price Summary

1,580,000

$354 per Sq. Ft.

MLS #:

1666398

Last Updated:

July 18, 2026, 08:45 AM


Rooms & Interior

Bathrooms

Total Bathrooms:

7

Full Bathrooms:

7


Structure

Structure

Architectural Style:

Victorian

Building Area:

4,454 Sq. Ft.

Year Built:

1894


Lot

Lot Size (Sq. Ft):

5,227


Finances & Disclosures

Finances

Price:

$1,580,000

Price per Sq. Ft:

$354 per Sq. Ft.

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MREIS Multiple Listing Service™ systemListing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.