DON'T MISS OUT on this incredible opportunity! Priced to sell as-is with expansion potential in one of South Portland's most desirable locations. This iconic 4-unit property delivers versatility for investors, multi-generational living, or anyone seeking a flexible home-based business setup.
Originally built in 1900, this late-19th-century New Englander blends Colonial Revival character with timeless craftsmanship and period details throughout. Rich woodwork, hardwood floors, stained-glass accents, built-ins, and high ceilings create an atmosphere filled with warmth and charm.
The property features four distinct spaces, including three spacious residential units — a first-floor 3 BR, two upper-level 2 BR units — and a dedicated home-occupancy suite once used as a pet-grooming business, perfect for a salon, studio, or office. A handsome fireplace, wrap-around enclosed porch, and large sun-filled rooms add to its appeal.
An attached barn with loft and one-car garage offers incredible versatility, ideal for storage, a workshop, or potential in-law/ADU conversion. Set on a beautifully landscaped .84-acre corner lot with mature trees, gardens, and a tranquil stream, there may also be potential for a buildable lot (buyer to verify).
Located minutes from Downtown Portland, Willard Beach, Bug Light Park, Spring Point Lighthouse, and Southern Maine Community College, with easy access to Portland International Jetport, Casco Bay Ferry Lines, and top-rated South Portland schools, this is coastal Maine living at its best.
Bring your vision and unlock the potential of this one-of-a-kind property in the heart of South Portland. So much opportunity to live, work, and invest all in one prime location!
Active
Price cut: $100K (12/2)
$895,000
311 Ocean Street, South Portland, ME 04106
7beds
3,996sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$224/sqft
$-- HOA
What's special
Handsome fireplaceColonial revival characterOne-car garageTranquil streamThree spacious residential unitsHigh ceilingsStained-glass accents
- 28 days |
- 2,611 |
- 93 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: December 06, 2025 at 11:34pm
Listed by:
EXP Realty
Source: Maine Listings,MLS#: 1643403
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Hot Water, Zoned, Radiator, Steam
Cooling
- None
Features
- Flooring: Carpet, Wood, Linoleum
- Windows: Double Pane Windows, Storm Window(s)
- Basement: Bulkhead,Interior Entry
- Number of fireplaces: 1
Interior area
- Total structure area: 3,996
- Total interior livable area: 3,996 sqft
- Finished area above ground: 3,996
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Garage - Attached
- Attached garage spaces: 1
Features
- Levels: Multi/Split
- Stories: 3
- Patio & porch: Glassed-in Porch, Porch
- Has view: Yes
- View description: Scenic, Trees/Woods
Lot
- Size: 0.84 Acres
Details
- Additional structures: Shed(s), Barn(s)
- Parcel number: SPORM019L047
- Zoning: R-AA
Construction
Type & style
- Home type: MultiFamily
- Architectural style: New Englander
- Property subtype: Multi Family
Materials
- Roof: Composition,Fiberglass,Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: Ceiling Fans
Community & HOA
Location
- Region: South Portland
Financial & listing details
- Price per square foot: $224/sqft
- Tax assessed value: $784,500
- Annual tax amount: $10,355
- Date on market: 11/13/2025
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/2/2025 | Price change | $895,000-10.1%$224/sqft |
Source: | ||
| 11/13/2025 | Listed for sale | $995,000+201.5%$249/sqft |
Source: | ||
| 2/9/2012 | Sold | $330,000-5.7%$83/sqft |
Source: | ||
| 7/16/2011 | Price change | $349,900-5.4%$88/sqft |
Source: E to P LLC, dba Keller Williams Realty #1018394 Report a problem | ||
| 6/18/2011 | Listed for sale | $370,000$93/sqft |
Source: E to P LLC, dba Keller Williams Realty #1018394 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,355 +23% | $784,500 +31.8% |
| 2023 | $8,419 +3.5% | $595,400 +13.8% |
| 2022 | $8,138 +7.6% | $523,000 +36.5% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,530/mo
Principal & interest
$3471
Property taxes
$746
Home insurance
$313
Climate risks
Neighborhood: 04106
Nearby schools
GreatSchools rating
- 7/10Daniel F. Mahoney Middle SchoolGrades: 5-8Distance: 0.2 mi
- 6/10South Portland High SchoolGrades: 9-12Distance: 1 mi
- 8/10Frank I Brown Elementary SchoolGrades: K-4Distance: 0.3 mi
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