63-69 Morning Street
Multifamily | 3.14% CAP | 5 Units
Marketing description
A truly rare find: 5-unit building one door from the Eastern Promenade, with the kind of bones and flexibility that almost never come to market together.
The main residence at 69 Morning Street, a Colonial Revival built in 1922, is the original house and features three thoughtfully maintained units rich with preserved architectural detail and tasteful updates. Two one-bedroom units anchor the first floor, while the upper residence spans 3+ bedrooms, two baths, enclosed decks, and sweeping Casco Bay views from the third floor. Connected at 63 Morning Street, an adjoining 2-unit addition was constructed in 1987 and presents multiple possibilities: retain the existing layout as a straightforward income-producing property, or reimagine it entirely - chef's kitchen, bay-facing windows, a proper primary suite - the layout is a genuine blank canvas.
With five off-street parking spaces, two garage bays, and exceptional versatility in one of Portland's most desirable neighborhoods, this property presents a unique opportunity for investors, owner-occupants, or those seeking a multigenerational compound in the heart of the Eastern Promenade.
Investment highlights
- Lot Size: 0.1667+/- acres
- 6,283+/- SF Living Area
- Year Built: 1915
- Seller Purchased in 2014
- MLS#1662865
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