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7 Cherry Street, 
Portland, ME 04102

$740,000


Bed


3

Baths


2,923

Sq Ft


Multi-Family

Active

Listed by

Douglas Schauf Jr.

Curry White

RE/MAX Oceanside

Last updated:

December 6, 2025, 05:56 AM

MLS#

1644239

Source:

ME MREIS

About This Home

7 Cherry Street

Fantastic investment opportunity—a three-unit multifamily property at 7 Cherry Street—offers strong rental potential in one of Maine's most desirable and consistently growing markets. Located just minutes from downtown, the Old Port, restaurants, amenities, and major commuter routes, this property attracts high-quality tenants and ensures steady demand year-round. With functional layouts and a solid rental history, this building is an ideal addition to any investor's portfolio or a great first acquisition for someone entering the Portland multifamily market, checking all the boxes whether you seek stable cash flow, long-term appreciation, or a value-add opportunity.

Home Facts

Multi-Family

3 Baths

Built in 1875

Price Summary

740,000

$253 per Sq. Ft.

MLS #:

1644239

Last Updated:

December 6, 2025, 05:56 AM


Rooms & Interior

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

2,923 Sq. Ft.


Structure

Structure

Architectural Style:

New Englander

Building Area:

2,923 Sq. Ft.

Year Built:

1875


Lot

Lot Size (Sq. Ft):

7,840


Finances & Disclosures

Finances

Price:

$740,000

Price per Sq. Ft:

$253 per Sq. Ft.

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MREIS Multiple Listing Service™ system Listing 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. © 2023 Maine Real Estate Information System, Inc. All Rights Reserved
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7 Cherry Street
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Wed, Dec 17
02:00 PM04:00 PM

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