Condo Investment Properties for Sale in South Portland, ME
593- 2 Bed
- 1 Bath
- 864 sft
233- 1 Bed
- 1 Bath
- 570 sft
204- 2 Bed
- 2 Bath
- 1188 sft
366- 1 Bed
- 1 Bath
- 538 sft
Why Invest in South Portland, Maine?
South Portland, ME offers strong opportunities for condo investors seeking stable rental income near Portland's amenities. With a competitive market and median condo prices around $500K, cap rates hover at 5-6% alongside solid rental yields. Renter occupancy exceeds 40%, supported by proximity to jobs and harbor views. Annual appreciation of 2-3% and average rents near $2,000 make it appealing for cash flow-focused portfolios. Recent inventory growth provides entry points before suburban demand surges.
Frequently Asked Questions
Yes, with 5.5% cap rates and 42% renter occupancy, condos offer reliable cash flow. Proximity to Portland jobs supports demand. Prices stabilize around $500K, per market trends.
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