For Sale | Turnkey 48-Unit Multifamily Investment

For Sale

48 Winchester Drive, Portland, ME 04103

This Portland property for sale is located at 48 Winchester Drive. The current listed sale price for For Sale | Turnkey 48-Unit Multifamily Investment is $13,500,000. For Sale | Turnkey 48-Unit Multifamily Investment is situated on a lot that is 2.83 acre in size.

Contacts

broker

John Finegan

The Boulos Company

Property Details

  • Property Type Multi-Family
  • Property Size 46,944 SF
  • Units 4
  • Lot Size 2.83 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 63
  • Year Built 2023
  • Date Updated Nov 13, 2024
Located within the desirable neighborhood of East Deering, Winchester Woods sits just outside of Downtown Portland. Winchester Woods is located less than a mile from Portland's world-renowned food scene, as well as grocery, retail, and Back Bay—which boasts a 3 1/2 mile walking loop around the bay. Family-friendly Payson Park, Portland trails, and access to I-295 are right around the corner. University of Southern Maine is 2.2 miles away and University of New England’s Portland campus is 2.4 miles away.Winchester Woods 48-unit multifamily investment property comprised of four, three-story buildings, each with twelve units. Each building has six one-bedroom units and six two-bedroom units. Units feature spacious and open floor plans with modern fixtures, stainless steel appliances, patios and decks, ample parking with EV charging stations, and in-unit washer/dryers. Winchester Woods includes greenspace for tenant’s outdoor enjoyment and it abuts Presumpscot Elementary School with a walking path connecting the property directly to the schools recreational fields.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Winchester Woods finished construction in 2023 and is professionally managed.
  • This is a turn-key investment property poised for value appreciation and rent growth.
  • The buildings have quality construction such as high efficiency electric water heaters, efficient heat pumps which provide heating and cooling, hot-water radiators to supplement heating, and stainless-steel appliances including a dishwasher, electric stove, microwave, and refrigerator.
  • The Roux Institute at Northeastern recently acquired a 10-acre site which is ¼ mile from Winchester Woods.

Getting around

  • 35/100

    Walk Score ®

  • 33/100

    Transit Score ®

  • 64/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Portland, ME
  • Neighborhood East Deering
  • Zip Code 04103
  • Market Portland ME

Points of Interest

  • Portland

    2.69 miles

  • Cumberland Farms

    0.58 miles

  • Big Apple

    1.44 miles

  • Tesla Supercharger

    1.49 miles

  • Forest Avenue Mobil

    1.60 miles

  • Sunoco

    1.80 miles

  • Citgo

    1.90 miles

  • Gulf

    1.99 miles

  • 7-Eleven

    2.23 miles

  • Irving

    2.33 miles

  • ChargePoint

    9.27 miles

  • Contractor Parking

    0.36 miles

  • Top of the Old Port Parking Lot

    1.64 miles

  • City of Portland Day Parking Lot

    1.69 miles

  • Ocean Gateway Garage

    1.70 miles

  • Cumberland County Parking Garage

    1.74 miles

  • Gilsland Farm Road

    1.74 miles

  • Elm Street Parking Facility

    1.77 miles

  • USM Surrenden Street Parking Garage

    1.78 miles

  • Middle & Pearl Parking

    1.81 miles

  • Ocean Gateway Lot

    1.81 miles

  • Residence Inn Portland Downtown/Waterfront

    1.66 miles

  • Black Elephant Hostel

    1.67 miles

  • AC Hotel by Marriott

    1.72 miles

  • Hampton Inn Portland Downtown/Waterfront

    1.74 miles

  • The Press Hotel

    1.75 miles

  • Hilton Garden Inn Portland Downtown Waterfront

    1.84 miles

  • Portland Regency Hotel & Spa

    1.88 miles

  • Hyatt Place Portland - Old Port

    1.95 miles

  • Portland Harbor Hotel

    2.00 miles

  • The Westin Portland Harborview

    2.05 miles

  • Rosemont Market

    1.32 miles

  • Whole Foods Market

    1.43 miles

  • Hannaford

    1.52 miles

  • Trader Joe's

    1.58 miles

  • Veranda Asian Market

    1.60 miles

  • Portland Food Co-op

    1.62 miles

  • Congress Plaza Shopping Center

    1.62 miles

  • Shaw's

    1.99 miles

  • Reny's

    2.00 miles

  • Paul's Food Center

    2.07 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

John Finegan

The Boulos Company