179 Pine Street #1B, Portland, ME, 04102 | 7.22% Rental Yield

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179 Pine Street #1B, Portland, ME, 04102 | 7.22% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Portland at 179 Pine Street #1B, Portland, ME, 04102 earns from $2,407/mo rent with a $1,957/mo payment. Total monthly income totals $2,407/mo. ROI tracks 18.85% on current figures, and rental yield reads 7.22% at a $399,900 purchase. Equity gained on principal adds $2,580/yr, and 5% annual appreciation supports $110,485 over five years. Five-year ROI reaches 97.35% and total cumulative return in cash sums $129,056. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,407/mo property income instead of your personal income.

Condo

Built in 1968

N/A lot

$N/A/sqft

No HOA

More details about the property

Incredible location and opportunity to live or invest in the beautiful and historic West End under four hundred thousand! This lovely, refreshed, 1 level, ground floor unit is amenity laden and centrally located to anything and everything Portland affords. Beauty, convenience and ease, nothing to do but move in and enjoy! Unit floors and interior painting redone June 2025, the location of this unit is uniquely accessible to the heated, underground parking and laundry facilities. Step out your glass slider to your sweet patio and the stairwell to the shared laundry area and your dedicated parking spot and storage closet is perfectly placed right there for ease with groceries and laundry. Steps to the Western Prom, walk or drive to the Old Port, the Arts District, Hadlock Field and any shopping, dining, transport or entertainment you could need or want. Well-run association, rentals allowed, no pets. *Hallways and doors being painted and drying 6/23 - 6/26, showings begin Friday 6/27.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04102, Portland, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,286 (100%)
Owner Occupied HU	4,132 (44.5%)
Renter Occupied HU	4,524 (48.7%)
Vacant Housing Units	630 ( 6.8%)
Median Home Value	$513,690
Average Home Value	$613,319

Housing Distribution

Address Breakdown

Residential

8,306

Single Family

6,553

Multi-Family

1,753

Businesses

692

Price History

Date	Event	Price
No price history data available

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

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27 Pepperell Street #1, Saco, ME, 04072

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Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 1968
Architectural Style: N/A
Building Area: N/A
Living Area: N/A
Property Condition: N/A

Features & Amenities

Heating: N/A
Cooling: N/A
Flooring: N/A
Interior Features: N/A
Exterior Features: N/A
Parking Features: Heated, Auto Door Opener, Reserved Parking, No Driveway, Underground

Location

City: Portland
State: ME
Subdivision: N/A
Lot Size: N/A
Lot Features: N/A
View: N/A

HOA & Fees

HOA Fee: N/A
Association Fee: N/A
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: N/A
Water Source: N/A
Road Surface Type: N/A

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: N/A • Portside Real Estate Group

Mls Name: Maine Listings

Mls ID: #1627730

179 Pine Street #1B,Portland,ME,04102

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Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

179 Pine Street #1BPortlandME04102