Discover a prime investment opportunity. This charming multi-family property features three spacious units, each with three bedrooms and one bathroom. Recent enhancements, including a roof replacement five years ago and various updates throughout, ensure the building's longevity and appeal. Each unit operates independently with separate electric meters and individual boilers, promoting tenant autonomy and streamlined management. The property boasts coin-operated laundry machines and generous side parking, adding convenience for residents. Financially, it stands out with high-producing gross monthly rents and low expenses, making it an attractive addition to any investment portfolio. Situated in a vibrant South Portland neighborhood, tenants benefit from proximity to Mill Creek Park, Bug Light Park, and the scenic Greenbelt Walkway, offering a blend of urban living and natural beauty. This property not only promises immediate returns but also long-term value in a sought-after location. Open Showing May 17th from 10am - Noon. IF NO VIDEO LINK IS AVAILABLE, INQUIRE TO RECEIVE ONE!
Closed
$950,000
340 Ocean St Street, South Portland, ME 04106
9beds
3,569sqft
Multi Family
Built in 1925
-- sqft lot
$950,200 Zestimate®
$266/sqft
$2,710 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 21, 2025 at 06:14pm
Listed by:
EXP Realty
Bought with:
Hearth & Key Realty
Source: Maine Listings,MLS#: 1621624

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard
Cooling
- None
Features
- Flooring: Wood, Vinyl
- Basement: Full,Doghouse
Interior area
- Total structure area: 3,569
- Total interior livable area: 3,569 sqft
- Finished area above ground: 3,569
- Finished area below ground: 0
Property
Parking
- Parking features: 5 - 10 Spaces, Paved
Features
- Patio & porch: Deck
Lot
- Size: 4,791 sqft
- Features: Sidewalks, City Lot, Near Shopping
Details
- Parcel number: SPORM020L098
- Zoning: OS
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Victorian
- Property subtype: Multi Family
Materials
- Vinyl Siding, Wood Frame
- Roof: Shingle
Condition
- Year built: 1925
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & neighborhood
Location
- Region: South Portland
Services availability

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