








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Portland at 17 E Cove Street, Portland, ME, 04101 at $525,000 posts ROI 19.78% with from $3,273/mo rent. Total monthly income equals $3,273/mo. Return on cash invested measures 19.78% and rental yield reads 7.48% at the current $525,000. Equity gained on principal adds $3,388/yr, and 5% annual appreciation supports $145,048 by year five. Five-year ROI prints 102.29% and total cumulative return in cash totals $176,673. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,273/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1890
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04101, Portland, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,171 (100%) |
| Owner Occupied HU | 2,282 (18.7%) |
| Renter Occupied HU | 8,386 (68.9%) |
| Vacant Housing Units | 1,503 (12.3%) |
| Median Home Value | $674,868 |
| Average Home Value | $777,521 |
Residential
11,405
Single Family
5,062
Multi-Family
6,343
Businesses
2,534
Date | Event | Price |
|---|---|---|
| 2025-04-09 | Price change | $525,000 |
| 2025-03-17 | Listed for sale | $529,000 |
| 2024-10-24 | Listing removed | $499,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-22 | $6151.00 | 4.17% | $409,800 | N/A |
| 2023-04-22 | $5905.00 | 5.88% | $409,800 | N/A |
| 2022-04-22 | $5577.00 | 77.33% | $409,800 | 203.78% |



Listed by: N/A • RE/MAX By The Bay
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1618504
Disclaimer: 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. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782