$659,000
$91K PRICE DROP

124 Sherman St Portland, ME 04101

Parkside Neighborhood

Estimated payment $4,158/month

Total Views 2,965
-- Bed
3 Baths
3,030 Sq Ft
$217 Price per Sq Ft

Highlights

  • Wood Flooring
  • No HOA
  • Forced Air Heating System
  • Victorian Architecture
  • Porch
  • 3-minute walk to Deering Oaks Park

About This Home

Solid Bayside 3 unit with updated systems, convenient location just a few blocks from shopping and services.. This building has excellent rental history, income after expenses averages $70,000/year.

Listing Agent

Bryce Hamilton

Coldwell Banker Realty Brokerage Phone: 207-773-1990 Listed on: 08/26/2025

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,131

Year Built

  • Built in 1896

Lot Details

  • 2,614 Sq Ft Lot
  • Level Lot
  • Sprinkler System

Home Design

  • Victorian Architecture
  • Brick Foundation
  • Concrete Foundation
  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 3,030 Sq Ft Home
  • 3-Story Property
  • Fire Sprinkler System

Flooring

  • Wood
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • On-Street Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Space Heater
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • Porch
  • City Lot

Listing and Financial Details

  • Legal Lot and Block 6 / E
  • Assessor Parcel Number PTLD-000048-E000006-000001

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Pet Policy

  • No Pets Allowed

Building Details

  • Operating Expense $19,361
  • Gross Income $85,920

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,131

Year Built

Built in 1896

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.06
  • Road Surface Type: Paved
  • MLS Status: Active
  • Directions: From Mellen St., right on Sherman, #124-126 on left before Deering Ave. intersection.
  • Above Grade Finished Sq Ft: 3030.0
  • Architectural Style: Victorian
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1896
  • Attribution Contact: 207-773-1990
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.06
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3030.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Gas: Yes
  • Gas:Natural - On Site: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 85920.0
  • Income Expenses Operating Expenses: 19361.0
  • Foundation Materials:Block3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Heat System:Space Heater: Yes
  • Parking:On Street: Yes
  • Misc Amenities Sprinkler: Yes
  • Building Info:_pound_ Floors3: 3
  • Restrictions:No Dogs Allowed: Yes
  • Restrictions:No Cats Allowed: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Interior, Full, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Intown
  • Waterfront: No
  • Construction Type: Other Exterior, Wood Frame
  • Foundation Details: Block, Concrete Perimeter, Brick/Mortar
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Other, Off Street, On Street

Utilities

  • Security: Sprinkler
  • Cooling: None
  • Cooling Y N: No
  • Heating: Space Heater, Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Cats Allowed, No Dogs Allowed

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2613.6
  • Parcel #: PTLD-000048-E000006-000001
  • Zoning: RN-4

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 85920.0
  • Annual Operating Expense: 19361.0

Tax Info

  • Tax Annual Amount: 8131.0
  • Tax Block: E
  • Tax Book Number: 34461
  • Tax Lot: 6
  • Tax Map Number: 48
  • Tax Year: 2024

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,131 $541,700 $130,800 $410,900
2023 $7,806 $541,700 $130,800 $410,900
2022 $7,373 $541,700 $130,800 $410,900
2021 $5,956 $458,500 $130,800 $327,700
2020 $5,956 $255,500 $62,500 $193,000
2019 $5,956 $255,500 $62,500 $193,000
2018 $2,766 $255,500 $62,500 $193,000
2017 $5,532 $255,500 $62,500 $193,000
2016 $5,394 $255,500 $62,500 $193,000
2015 $5,271 $255,500 $62,500 $193,000
2014 $5,110 $255,500 $62,500 $193,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2025 09/03/25 Price Changed $659,000 -2.4% $217 / Sq Ft
08/26/2025 08/26/25 For Sale $675,000 0.0% $223 / Sq Ft
07/10/2025 07/10/25 Off Market $675,000 -- --
07/05/2025 07/05/25 For Sale $675,000 0.0% $223 / Sq Ft
07/04/2025 07/04/25 Off Market $675,000 -- --
06/09/2025 06/09/25 Price Changed $675,000 -3.4% $223 / Sq Ft
05/20/2025 05/20/25 Price Changed $699,000 -3.6% $231 / Sq Ft
03/27/2025 03/27/25 Price Changed $725,000 -3.3% $239 / Sq Ft
03/07/2025 03/07/25 For Sale $750,000 +235.6% $248 / Sq Ft
11/09/2017 11/09/17 Sold $223,500 -0.7% $74 / Sq Ft
09/13/2017 09/13/17 Pending -- -- --
09/07/2017 09/07/17 For Sale $225,000 -- $74 / Sq Ft
Source: Maine Listings

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- --
Foreclosure Deed -- --
Source: Public Records

Source: Maine Listings

MLS Number: 1615675

Maine Listings

APN: PTLD-000048-000000-E006001

Maine Cumberland County Portland 04101 Parkside

124 Sherman St, Portland, ME

This home is located at 124 Sherman St, Portland, ME 04101 and is currently priced at $659,000, approximately $217 per square foot. This property was built in 1896. 124 Sherman St is a home located in Cumberland County with nearby schools including Reiche Community School, King Middle School, and Baxter Academy for Tech & Sciences.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Maine Listings Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.

Homes.com, LLC, 17600 Laguna Canyon Rd Irvine, CA 92618 (888)-952-6393

Nearby Homes
Bryce Hamilton
Listing Agent
Bryce Hamilton
Section Image
Coldwell Banker Realty
(207) 521-9804