Fire-Damaged West End 3-Unit – Rehab Opportunity! Portland, ME

Property Location MAP

481 Danforth Street
Portland, ME 04102

Property #: AP25044

Preview Times


None

Contact Agent

Mike Carey
Tranzon Auction Properties

207-776-1936 mcarey@tranzon.com
This classic Portland multi-family offers the rare chance to restore and reimagine a property in the heart of the West End. Located at 481 Danforth Street, the three-unit building blends historic character with urban convenience—and now awaits your vision.
 
The second and third floors had been renovated in recent years with modern kitchens, updated bathrooms, and mini-split heating/cooling systems. The ground floor unit sustained fire damage and will require significant repairs, offering a clean slate for redevelopment.
 
Situated on a .154-acre lot, the property includes a detached two-car garage, three wood decks, and river views from the upper floors. Original architectural elements remain intact, preserving the building’s early 20th-century charm.
 
The property is walkable to downtown, the Old Port, the Western Promenade, and many of Portland’s best dining, shopping, and cultural offerings.
 
Whether you're an investor, builder, or visionary homeowner, this property presents a unique opportunity in one of Portland’s most sought-after neighborhoods.
 
Michael B. Carey | ME AUC Lic. 1466 | ME RE Lic. #DB919594

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Mike Carey

Mike Carey: Tranzon Auction Properties

207-776-1936 mcarey@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

  • Buyer's Premium: None
  • Closing: 45-day closing, sold in As-Is condition, no contingencies.
  • Deposit Amount: $10,000, in certified funds. Deposit to be increased to equal ten percent (10%) of purchase price within five (5) business days of auction.
  • Buyer Agent Compensation: 2% of the high bid will be paid to a properly registered buyer's agent at settlement.
  • Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
  • Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

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