#1611305, Listing office: Ashby Real Estate
Property details
About 160 Washington Ave
Turnkey 5-Unit Investment in Prime Munjoy Hill Location! Seasoned investors know the value of location, layout, and low-maintenance assets—this property checks all the boxes. Situated at the base of Munjoy Hill, one of Portland's most desirable and appreciating neighborhoods, this well-maintained five-unit building offers a solid, income-generating opportunity. All five units are two-bedrooms, a consistently high-demand layout that attracts long-term tenants. Interiors are efficiently designed, with spacious living areas, functional kitchens, and ample natural light—units that rent easily and retain well. The building has been well cared for, minimizing deferred maintenance and immediate capex needs. Off-street parking adds a competitive edge in this urban market, boosting tenant satisfaction and retention. The location is a key asset: walkable to local dining, coffee shops, artisan retail, and the Eastern Promenade. Public transportation access and proximity to downtown further broaden the tenant pool. This is an ideal opportunity for investors looking to expand or diversify with a plug-and-play multifamily in a high-demand submarket. Whether you're growing a portfolio or executing a 1031 exchange, this Munjoy Hill asset delivers dependable performance and long-term upside.
Highlights
Home typeOther
HeatingZoned, Hot Water, Forced Air, Baseboard
StatusActive
Size4,732 sqft
BasementYes
Lot size0.15 Acres
Year built1985
Parking5 - 10 Spaces, Paved, Common, Off Street
MLS #1622196
Summary
- Full Bathrooms: 5
- Basement: Yes
- Flooring Type: Vinyl, Laminate, Carpet
- Interior: Bathtub, Shower
- Attached Garage: No
- Parking: 5 - 10 Spaces, Paved, Common, Off Street
- Exterior: Deck
- Architectural Style: Other, Colonial
- Heating: Zoned, Hot Water, Forced Air, Baseboard
- Cooling: None
- List Price: $1,495,000
- Annual Tax Amount: $11,167
- Tax Year: 2024
- Lot: Sloped, Open Lot, Near Public Transit
- Year Built: 1985
- Living Area: 4,732 SqFt
- Lot Size: 0.15 Acres
- MLS Number: 1622196
- MLS Name: Maine Listings
- Office Name: Spectrum Real Estate
- Office Phone: (207) 805-3707
- Office Email: fandrews@Maine.rr.com
Disclaimer: Based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings. Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright © 2025 Maine Real Estate Information System, Inc. All Rights Reserved. 
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/5/2025, 9:40:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,495,000
160 Washington Ave
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $744,000 | $11,167 |
| 2023 | $744,000 | $10,721 |
| 2021 | $744,000 | $9,665 |
| 2020 | $309,200 | $7,207 |
| 2019 | $309,200 | $7,207 |
History based on county public records data.
Nearby schools
2
East End Community School
Public District PK-5
0.2 mi
•195 North St
4
Presumpscot School
Public District PK-5
1.1 mi
•69 Presumpscot St
2
Howard C Reiche Community School
Public District PK-5
1.4 mi
•166 Brackett St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $29,865. The most common annual income of people living in Portland, ME is less than $<35k. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
55%
<35k
43%
35k-100k
3%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
45%
Single, No Kids
23%
Single, with Kids
10%
Married, No Kids
22%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
23%
<11 yrs old
12%
12-17 yrs old
29%
18-34 yrs old
32%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Soccer
Pro Boxing
Pro Wrestling
Where do the neighbors shop?
Forever 21
Burlington
Express/Express For Men
Where do the neighbors go to eat?
Dominos Pizza
Popeyes
Cicis Pizza
What do the neighbors drive?
Mazda
Dodge
Pontiac
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Contemporary- Adult Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Portland, ME
Portland's transportation infrastructure includes a variety of options for residents and visitors. The city's public transit system offers regular bus services, connecting different neighborhoods and facilitating access to key areas. The downtown area is particularly pedestrian-friendly, with a layout that encourages walking and biking. Major roads and highways connect Portland to surrounding regions, and ongoing investments aim to improve the efficiency and accessibility of the city's transport network.
The city is served by a comprehensive array of services, including a network of public and private schools that cater to a range of educational needs. Healthcare is well-supported with several hospitals offering specialized services. Portland's public library system is extensive, providing resources and programming for all ages. Retail and dining options are plentiful, showcasing local products and flavors, and the city is proactive in adapting services to meet the evolving needs of its diverse population.
Portland prides itself on its vibrant arts scene and bustling waterfront, which contribute to the city's dynamic character. The community is celebrated for its culinary excellence, with an array of local seafood restaurants and craft breweries. Annual events like the Old Port Festival reflect the city's lively spirit and maritime heritage, drawing residents and visitors alike.
Portland's housing market is diverse, offering a mix of historic charm and modern convenience. The area is known for its Victorian and Colonial-style homes, with a significant number of properties reflecting the city's rich maritime history. While single-family homes are prevalent, there is also a substantial selection of condos and townhouses, particularly in the downtown area. The homeownership rate in Portland is robust, with a healthy balance between owners and renters.
About 160 Washington Ave
The listing price of 160 Washington Ave property is $1,495,000.
The property 160 Washington Ave is a house located in Portland, Maine, 04101.
Active Listing: 160 Washington Ave is Active, which means the seller is accepting offers.
The nearby schools for 160 Washington Ave are: East End Community School (GreatSchools Rating 2/10), Presumpscot School (GreatSchools Rating 4/10), Howard C Reiche Community School (GreatSchools Rating 2/10), King Middle School (GreatSchools Rating 2/10), Lincoln Middle School (GreatSchools Rating 4/10), Daniel F. Mahoney Middle School (GreatSchools Rating 4/10), Baxter Academy for Tech & Sciences (GreatSchools Rating 9/10), Portland High School (GreatSchools Rating 3/10), Deering High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2024 is $11,167 (source: MLS/based on county public records data).
The property at 160 Washington Ave has 5 bathrooms.
The property 160 Washington Ave is 4,732 SqFt (source: MLS/tax record).
The year of construction for 160 Washington Ave is 1985.
This home is located at 160 Washington Ave in Portland, ME and zip code 04101. This 4,732 square foot home, which was built in 1985, sits on a 0.15 acre lot. Features: 5 bathrooms. It is currently priced at $1,495,000.
From Rocket Homes Real Estate and based on county public records data.