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105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo
105 Sherman Street, Portland, ME 04101 Photo

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  • Listing Provided by:
    U&R Real Estate
    Phone: 207-835-0118 IDX logo

  • 6
    Baths
  • 5,253
    Square Feet
  • 1682792
    MLS#
$1,250,000
Status: Active
105 Sherman Street Portland, ME 04101

Property Description

An incredible investment opportunity in the heart of Portland, 105 Sherman Street is a well-maintained 6-unit apartment building with an established property management history, a 7.28% cap rate, and strong rental performance. Each of the six units offers an oversized 1 bedroom, 1 bath layout, while leased parking spaces generate additional income each month. Whether you're an experienced investor looking to add a solid multifamily asset to your portfolio or a new investor ready to get started, this property offers an exciting opportunity in one of Maine's strongest rental markets. The building has benefited from significant improvements over the years, including a new roof and exterior siding in 2015, renovations to Units 2, 3, 5, and 6 between 2015 and 2019, and a new front porch and boiler in 2026. With established management already in place and a strong rental history, much of the groundwork has been done for the next owner. The location is hard to beat, with easy access to the Old Port, Arts District, Maine Medical Center, Deering Oaks, Hadlock Field, Thompson's Point, and Portland's incredible restaurants, breweries, shops, and entertainment. With downtown amenities close by and convenient access to I-295 and major commuter routes, 105 Sherman Street combines location, rental history, and thoughtful improvements into a compelling Portland investment.

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Property Features

MLS Number: 1682792
Subdivision:
County: Cumberland
Bedrooms: 0
Total Square Feet: 5,253
Style: New Englander
New Constuction: No
Construction: Wood Frame,Clapboard
Waterfront: No
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Interior Entry, Walk-Out Access, Daylight, Full
Heating: Gas Natural, Steam
Lot Size: 0.10 Acres
Roof Type: Pitched, Rolled/Hot Mop, Shingle
Taxes: $11,734
Year Built: 1910

Feature Descriptions

Amenities: 1st Floor Bedroom, Storage
Electric: Circuit Breakers
Equipment: Cable, Internet Access Available
Exterior: Wood Frame, Clapboard
Flooring: Carpet, Laminate, Tile, Vinyl, Wood
Foundation: Stone, Brick/Mortar
Home Style: New Englander
Lot: Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood, Sidewalks, Near Public Transit
Parking: Gravel,5 - 10 Spaces, Off Street
Sewer: Public Sewer
SQ FT Above Grade: 5253
SQ FT Below Grade: 0
Water: Public

Location

Listed By / Shown By

Listed By

Broker Name: U&R Real Estate
Broker Phone: 207-835-0118

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Estimate Your Payment

Estimated Payment

$ 8,076.23 per month $6,733.81 Principal & Interest $977.83 Property Tax $364.58 Homeowner's Insurance

Source: Delta Media Group, Inc.

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