Condo Investment Properties for Sale in Portland, ME
126- 1 Bed
- 1 Bath
- 939 sft
240- 2 Bed
- 1 Bath
- 680 sft
274- 3 Bed
- 2 Bath
- 1562 sft
37- 1 Bed
- 1 Bath
- 752 sft
Why Invest in Portland, Maine?
Portland, ME condo investments offer stable cash flow in a market with 6.8% rental yields amid tightening inventory. The city's condo segment shows adjustment with increased supply at 3.2 months, creating buyer opportunities while single-family holds steady. Median home prices hover around $485k-$540k with 8.2% YoY growth moderating to sustainable levels. Renter-occupied units support cap rates near 6%, bolstered by population influx of 3,200 annually. New condo developments like Stroudwater Commons add 130 units, easing long-term pressure.
Frequently Asked Questions
Yes, with 6.8% rental yields and cap rates around 6%, condos offer solid cash flow despite market adjustments. Inventory at 3.2 months creates buying opportunities while demand from migrants persists. New projects will balance supply long-term.
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