79 Bramhall St
Multifamily
Marketing description
For the first time in nearly 30 years, this generational asset is available for purchase. Designed by famed Portland Architect John Calvin Stevens, Holt Hall was built in 1891 as the Maine Eye and Ear Infirmary. In the mid-1990s, the current ownership undertook a meticulous reimagining and redevelopment of the property, transforming it into 36 luxury apartments on the upper floors and quality commercial space on the ground level currently leased to MaineHealth.
Designed to meet the evolving expectations of high-end renters, the property features spacious, well-appointed residences, each equipped with in-unit washers, dryers, and dishwashers. Many units have been upgraded over the years to align with contemporary design trends, ensuring lasting appeal and strong tenant demand. With on-site parking, an elevator and storage, the apartments offer many of the amenities of newer apartment developments, but with the retained period charm of a historic building.
Ideal candidate for a 1031 exchange or conversion to to furnished rentals or condominiums.
Investment highlights
- 36 Residential Apartments
- First Floor Commercial Space (6,960 +/- sqft + 1,250+/- sqft of Storage)
- Two Rooftop Cell Tower Leases
- 62 Parking Spaces
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