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Azimi Lutkoff Homes

info@alhomesmaine.com +1(207) 560-1400

Listed by Thomas Landry Benchmark Real Estate

$ 1,495,000

Est. payment -/mo

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60 Rackleff ST Portland, ME 04103

3 Baths

7,008 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,008 sqft

Price per Sqft $213

MLS Listing ID 1686904

Full Baths 3

HOA Y/N No

Year Built 1925

Tax Year 2025

Lot Size 6,098 Sqft

Acres 0.14

Source Maine Listings

Land Area 7008

Property Description

Deering Highlands has long been one of Portland's most coveted locations. Quiet, tree-lined streets provide an idyllic residential setting, yet the vibrant neighborhood centers of Woodford's Corner, Rosemont and Deering Center are just moments away. Beyond this, unparalleled access to schools, UNE and USM, along with an incredible collection of cafés, restaurants, bars, breweries, boutiques, parks, playgrounds and recreational trails, places the very best of Portland right outside your door. Complementing an outstanding location is a truly remarkable property. 60-62 Rackleff Street represents a rare opportunity to acquire a three-unit property that is special in every way. Comprehensively updated from heating systems to roof and nearly everything in between, this distinguished building combines historic architectural details with modern fit, finish and amenities. Each spacious, sun-filled residence is beautifully appointed with high-end, condominium-quality finishes, updated kitchens and baths, and in-unit laundry. Tenants pay for heat, hot water and electricity, making this an exceptionally efficient, low-maintenance investment. Off-street parking, ample storage and a host of improvements too extensive to list further enhance its appeal. With a net operating income of $85,880 and a cap rate of 5.74%, the numbers are as compelling as the property itself. Exceptional rents and generous banked rent make this a marquee addition to any quality-minded portfolio, an ideal owner-occupied investment or a compelling candidate for future condominium conversion. From historic details to modern touches, from an outstanding location to exceptional financial performance, 60-62 Rackleff Street represents a once-in-a-generation opportunity.

Location

State ME

County Cumberland

Zoning RN-3

Direction Stevens Ave to Rackleff St (close to Deering High School)

Rooms

Basement Doghouse, Walk-Out Access, Full, Sump Pump, Unfinished, Brick/Mortar

Interior

Interior Features 1st Floor Bedroom, Bathtub, Other, Pantry, Shower, Storage

Heating Gas Natural, Oil, Direct Vent Heater, Steam

Cooling None

Flooring Tile, Hardwood, Linoleum, Luxury Vinyl

Fireplaces Number 1

Fireplace Yes

Window Features Double Pane Windows

Laundry Main Level, Upper Level, Washer Hookup

Exterior

Parking Features Gravel, Paved, 5 - 10 Spaces, On Site

View Scenic, Trees/Woods

Roof Type Fiberglass,Pitched,Shingle

Porch Porch

Garage No

Building

Lot Description Intown, Near Country Club, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Subdivided, Suburban, Near Railroad, Sidewalks, Landscaped

Story 3

Entry Level Multi-Level

Foundation Stone, Brick/Mortar

Water Public

Architectural Style New Englander

Level or Stories 3

Others

Tax ID 60rackleffstreetPortland04103

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Azimi Lutkoff Homes

60 Rackleff ST Portland, ME 04103

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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60 Rackleff ST