59 Chandlers Wharf Boat Slip #59, Portland, ME, 04101 | 8.25% Rental Yield

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59 Chandlers Wharf Boat Slip #59, Portland, ME, 04101 | 8.25% 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

Rental property for sale in Portland at 59 Chandlers Wharf Boat Slip #59, Portland, ME, 04101 generates $1,547/mo in rent, after a $1,101/mo payment. Total monthly income is $1,547/mo. Return on cash invested sits at 18.67% in year one, and rental yield is 8.25% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 97.6% and total cumulative return in cash sums $72,801. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,547/mo property income rather than buyer’s personal income.

Condo

Built in 1988

N/A lot

$N/A/sqft

$204 monthly HOA

More details about the property

Extremely rare opportunity to own a 40' BOAT SLIP in one of the most sought-after harbors on the East Coast! Perfectly located in Portland's iconic Old Port, this protected slip is just steps from world-class restaurants, live music, art galleries, and top cultural venues including the State Theatre and Merrill Auditorium. Enjoy walkable access to Portland's scenic Harborwalk and vibrant downtown scene. This slip offers easy in-and-out access to Portland Harbor, located on the desirable DiMillo's side of Chandler's Wharf, near Portland Lobster Company. Ownership includes access to a marine tower with fresh water and shore power hookups, 24-hour gated security, and two full restrooms with showers for you and your guests. Additional amenities include a trash facility, 15-minute loading/unloading zone with dock carts, and optional pump-out service. Electricity is metered and billed separately. May also be rented with a 6-month minimum.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04101, Portland, ME area.

Housing Distribution

Housing Statistics

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

Housing Distribution

Address Breakdown

Residential

11,405

Single Family

5,062

Multi-Family

6,343

Businesses

2,534

Price History

Date	Event	Price
2025-05-27	Listed for sale	$225,000

Tax History

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

Nearby investment properties with comparable rents

- Bed
1 Bath
1074 sft

60 Beach Street, Saco, ME, 04072

2 Bed
2 Bath
- sft

16 Gallant Dr, Saco, ME, 04072

2 Bed
2 Bath
1568 sft

9 Commodore Dr, Biddeford, ME, 04005

2 Bed
2 Bath
- sft

3 Bayberry Dr, Old Orchard Beach, ME, 04064

Nearby investment properties with comparable prices

1 Bed
1 Bath
720 sft

11 Louise Street, Saco, ME, 04072

2 Bed
1 Bath
648 sft

401 Gorham Road, Scarborough, ME, 04074

2 Bed
2 Bath
1188 sft

4 Candlewood Drive, Lyman, ME, 04002

2 Bed
2 Bath
1568 sft

9 Commodore Dr, Biddeford, ME, 04005

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 1988
Architectural Style: Other
Building Area: 0
Living Area: N/A
Property Condition: N/A

Features & Amenities

Heating: None
Cooling: None
Flooring: Other
Interior Features: N/A
Exterior Features: N/A
Parking Features: Other, Off Site

Location

City: Portland
State: ME
Subdivision: Chandlers Wharf Association
Lot Size: N/A
Lot Features: Other Location, Historic District, City Lot, Near Turnpike/Interstate, Near Town, Neighborhood
View: Scenic

HOA & Fees

HOA Fee: $204 monthly
Association Fee: $204 monthly
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: None
Water Source: None
Road Surface Type: N/A

School Information

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

Listed by: N/A • Legacy Properties Sotheby's International Realty

Mls Name: Maine Listings

Mls Provider: Mls

Mls ID: #1624159

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

59 Chandlers Wharf Boat Slip #59,Portland,ME,04101

Nearby investment properties with comparable rents

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

59 Chandlers Wharf Boat Slip #59PortlandME04101