For Sale | Turnkey 48-Unit Multifamily Investment

48 Winchester Drive, Portland, ME 04103

  • For Sale $13,000,000
  • 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 Dec 12, 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.
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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.

Contacts

broker
John Finegan

The Boulos Company

Location

Getting Around

  • Walk Score ®

    35/100 Car-Dependent

  • Transit Score ®

    33/100 Some Transit

  • Bike Score ®

    64/100 Bikeable
Powered by Walk Score ®
  • 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

  • Veranda Noodle Bar

    0.23 miles

  • Veranda Thai

    0.25 miles

  • Monte's Fine Foods

    0.57 miles

  • Portland Pottery Cafe

    1.19 miles

  • Ramona's

    1.23 miles

  • Baharat

    1.25 miles

  • The Front Room

    1.29 miles

  • Blue Spoon

    1.31 miles

  • Tu Casa

    1.31 miles

  • Silly's

    1.31 miles

  • Presumpscot Elementary School

    0.09 miles

  • Cummings School

    0.52 miles

  • East End Community School

    0.89 miles

  • Cheverus High School

    0.96 miles

  • Maine Educational Center for the Deaf and Hard of Hearing

    1.29 miles

  • Ocean Avenue Elementary School

    1.40 miles

  • Peary School

    1.51 miles

  • Cathedral School

    1.53 miles

  • Portland High School

    1.75 miles

  • University of Southern Maine Portland Campus

    1.79 miles

  • The Children's House

    1.57 miles

  • The Children's Center

    1.81 miles

  • Grammy's House Preschool

    1.84 miles

  • Children's Adventure Center

    4.04 miles

  • Ocean House Child Development Center

    4.79 miles

  • Apple Blossom Childcare

    4.85 miles

  • Little Red Schoolhouse Child Care Center

    4.90 miles

  • The Little Dolphin School

    7.08 miles

  • Toddle Inn Childcare

    7.41 miles

  • Heidi's House Childcare and Preschool

    8.17 miles

Frequently Asked Questions

How much does For Sale | Turnkey 48-Unit Multifamily Investment cost?

The space currently listed for sale at For Sale | Turnkey 48-Unit Multifamily Investment asks for $13,000,000.

What is the total square footage of For Sale | Turnkey 48-Unit Multifamily Investment?

For Sale | Turnkey 48-Unit Multifamily Investment totals 46,944 square feet.

When was this property built?

For Sale | Turnkey 48-Unit Multifamily Investment was built in 2023.

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Contact Listing Broker
broker
John Finegan

The Boulos Company