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583 Washington Avenue #3, 
Portland, ME 04103

$1,050,000


—

Bed


3

Baths


4,107

Sq Ft


Multi-Family


Virtual Tour

Active

Last updated:

October 3, 2026, 08:16 PM

MLS#

1682008

Source:

ME MREIS

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About This Home

583 Washington Avenue #3

A classic Portland triple decker in the East Deering neighborhood, offering a rare dual opportunity: strong rental income for investors, or immediate move-in potential for owner-occupants (second floor has been left vacant) looking to offset their mortgage with rental income. The numbers: a strong existing rent roll of $8,240 per month, plus coin-operated laundry income of $1k per year, with 11 off-street parking spaces on site — a major advantage in Portland. Built in 1900 and spanning 4,107 total square feet, all three units share an unusually generous layout, each with three bedrooms, one bathroom, a living room, dining room, kitchen, pantry, private storage, and outdoor porches for 2 of the units — giving tenants comfortable, functional living space that's increasingly hard to find. Hardwood floors run throughout, and updated kitchens add lasting value across all three units. The building has been well maintained, with all major systems — including the roof and complete building rewiring — updated and/or in good working order, offering real peace of mind for the next owner. Location is a standout, just minutes from I-295 and downtown with a bus stop close by for easy commuting. Back Cove's scenic running trail and the new Roux Institute campus are both within walking distance, putting green space and everyday amenities right at your doorstep. Whether you're an investor seeking dependable cash flow or a buyer ready to live in one unit while tenants help cover the mortgage, this classic triple decker delivers on both fronts.

Home Facts

Multi-Family

3 Baths

Built in 1900

Subdivision & Development:

NA

Price Summary

1,050,000

$255 per Sq. Ft.

MLS #:

1682008

Last Updated:

October 3, 2026, 08:16 PM


Rooms & Interior

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3


Structure

Structure

Architectural Style:

Victorian

Building Area:

4,107 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

6,156


Finances & Disclosures

Finances

Price:

$1,050,000

Price per Sq. Ft:

$255 per Sq. Ft.

583 Washington Avenue #3
MLS Logo
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.