44 William St, Portland, ME 04103

Property Description

Just Listed! Exceptional opportunity in Portland's coveted Oakdale neighborhood! This meticulously restored multi-family blends historic charm, thoughtful craftsmanship, and great income potential. The property features 3 renovated units: a 1st floor 2 BD apt w/ a 1-BD in-law suite in the finished bsmt; 1 BD units on 2nd & 3rd floor. Bring your vision for the detached 1½-story carriage house / future ADU potential (subject to City approvals), or future garage. Owner-occupied throughout the current ownership, this property has no registered rents, offering a rare opportunity for its next owner to set their own rents. What sets this property apart is the extraordinary level of investment made by the current owners. Over the past decade, they've completed extensive improvements far beyond cosmetic updates, creating a turnkey asset with lasting value. Custom kitchens feature handcrafted Kat Finck cabinetry, butcher block counters, Kohler fixtures, & Energy Star appliances, w/ renovated bathrooms showcasing marble and tile. Major upgrades include three separate electrical systems and hot water heaters, recessed LED lighting with Lutron dimmers, hardwired smoke/CO detectors, upgraded insulation, Rinnai natural gas heaters, hydronic electric baseboard heat, an upgraded water meter, sump pump. Utility room has a natural gas infrared backup heater, sprinkler protection, and a 90-minute commercial-rated self-closing fire door. Exterior improvements include transite siding abatement, new siding, Renewal by Andersen windows, roof restoration, dormer and eave repairs, rebuilt decks and stairs, preservation of original architectural details, & carriage house foundation repairs. Whether you're seeking an owner-occupied property with supplemental income or a long-term investment w/ future upside, this is a rare opportunity to own a beautifully restored multi-family just minutes from USM, UNE, & downtown Portland. See seller improvement list.