Under $500K Investment Properties for Sale in Portland, ME
126- 1 Bed
- 1 Bath
- 939 sft
240- 2 Bed
- 1 Bath
- 680 sft
1076- 3 Bed
- 2 Bath
- 1344 sft
632- 4 Bed
- 1 Bath
- 1344 sft
Why Invest in Portland, Maine?
Portland, ME offers strong investment potential in properties under $500k, with steady rental demand and appreciation in this vibrant coastal city. Cap rates around 5-6% make these affordable homes attractive for cash flow-focused investors. Renter-occupied units exceed 50%, supported by a growing job market and tourism. Average rents near $2,000 provide solid yields, while annual appreciation of 4-5% builds long-term wealth. Limited supply under $500k enhances entry-level opportunities for multifamily and single-family rentals.
Frequently Asked Questions
Primarily 1-3 bedroom condos, townhomes, and smaller single-family homes, often 800-1,500 sqft. Many are in walkable neighborhoods like West End or East End. These suit rentals or flips given strong demand.
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