For Sale | Turnkey 48-Unit Multifamily Investment

For Sale

48 Winchester Drive, Portland, ME 04103

This Portland property for sale is located at 48 Winchester Drive. The current listed sale price for For Sale | Turnkey 48-Unit Multifamily Investment is $13,500,000. For Sale | Turnkey 48-Unit Multifamily Investment is situated on a lot that is 2.83 acre in size.

Contacts

broker

John Finegan

The Boulos Company

(207) 553-1718

Property Details

  • Property Type Multi-Family
  • Property Size 46,944 SF
  • Units 4
  • Lot Size 2.83 Acre
  • Parking Spaces Avail. 63
  • Year Built 2023
  • Date Updated Mar 20, 2024
Located within the desirable neighborhood of East Deering, Winchester Woods sits just outside of Downtown Portland. Winchester Woods is located less than a mile from Portland's world-renowned food scene, as well as grocery, retail, and Back Bay—which boasts a 3 1/2 mile walking loop around the bay. Family-friendly Payson Park, Portland trails, and access to I-295 are right around the corner. University of Southern Maine is 2.2 miles away and University of New England’s Portland campus is 2.4 miles away.Winchester Woods 48-unit multifamily investment property comprised of four, three-story buildings, each with twelve units. Each building has six one-bedroom units and six two-bedroom units. Units feature spacious and open floor plans with modern fixtures, stainless steel appliances, patios and decks, ample parking with EV charging stations, and in-unit washer/dryers. Winchester Woods includes greenspace for tenant’s outdoor enjoyment and it abuts Presumpscot Elementary School with a walking path connecting the property directly to the schools recreational fields.

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Highlights

  • Winchester Woods finished construction in 2023 and is professionally managed.
  • This is a turn-key investment property poised for value appreciation and rent growth.
  • The buildings have quality construction such as high efficiency electric water heaters, efficient heat pumps which provide heating and cooling, hot-water radiators to supplement heating, and stainless-steel appliances including a dishwasher, electric stove, microwave, and refrigerator.
  • The Roux Institute at Northeastern recently acquired a 10-acre site which is ¼ mile from Winchester Woods.

Attachments

Getting around

  • 35/100

    Walk Score ®

  • 33/100

    Transit Score ®

  • 64/100

    Bike Score ®

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Location

  • City Portland, ME
  • Neighborhood East Deering
  • Zip Code 04103
  • Market Portland ME

Points of Interest

  • Portland

    2.69 miles

  • Forest Avenue Mobil

    1.60 miles

  • Cumberland Farms

    1.77 miles

  • Sunoco

    1.80 miles

  • Citgo

    1.90 miles

  • Gulf

    1.99 miles

  • 7-Eleven

    2.23 miles

  • Gulf

    2.24 miles

  • Irving

    2.33 miles

  • Cumberland Farms

    2.33 miles

  • Citgo

    2.42 miles

  • Top of the Old Port Parking Lot

    1.64 miles

  • City of Portland Day Parking Lot

    1.69 miles

  • Ocean Gateway Garage

    1.70 miles

  • Cumberland County Parking Garage

    1.74 miles

  • Gilsland Farm Road

    1.74 miles

  • Elm Street Parking Facility

    1.77 miles

  • USM Surrenden Street Parking Garage

    1.78 miles

  • Middle & Pearl Parking

    1.81 miles

  • Ocean Gateway Lot

    1.81 miles

  • Pearl Street Parking Garage

    1.85 miles

  • Residence Inn Portland Downtown/Waterfront

    1.66 miles

  • Black Elephant Hostel

    1.67 miles

  • AC Hotel by Marriott Portland Downtown/Waterfront, ME

    1.72 miles

  • Hampton Inn Portland Downtown/Waterfront

    1.74 miles

  • The Press Hotel

    1.75 miles

  • Hilton Garden Inn Portland Downtown Waterfront

    1.84 miles

  • Portland Regency Hotel & Spa

    1.88 miles

  • Hyatt Place Portland - Old Port

    1.95 miles

  • Portland Harbor Hotel

    2.00 miles

  • The Westin Portland Harborview

    2.05 miles

  • Rosemont Market

    1.32 miles

  • Whole Foods Market

    1.43 miles

  • Hannaford

    1.51 miles

  • Hannaford Grocery Store

    1.52 miles

  • Trader Joe's

    1.58 miles

  • Veranda Asian Market

    1.60 miles

  • Portland Food Co-op

    1.62 miles

  • Congress Plaza Shopping Center

    1.62 miles

  • Shaw's

    1.99 miles

  • Reny's

    2.00 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

John Finegan

The Boulos Company

(207) 553-1718