Charming Two-Unit in Back Cove on ¾ Acre with Gardens and Wooded Privacy
Nestled in Portland's desirable Back Cove neighborhood, this rare two-unit property offers the perfect blend of in-town convenience and serene, natural surroundings. Set on an expansive ¾-acre lot, the home is surrounded by beautifully landscaped gardens and a large wooded area that provides exceptional privacy and peaceful enjoyment.
Each unit is well-maintained. Updates include a new roof and a recently installed heating system, offering both comfort and efficiency. Whether you're an owner-occupant looking for supplemental income or an investor seeking a quality property in a sought-after location, this is a special opportunity.
Enjoy easy access to trails, local shops, restaurants, and all that Portland has to offer—then return home to your own private oasis. A truly unique property that combines the best of both worlds.
Closed
$850,000
121 Ocean Avenue, Portland, ME 04103
5beds
2,796sqft
Multi Family
Built in 1870
-- sqft lot
$855,100 Zestimate®
$304/sqft
$3,298 Estimated rent
Home value
$855,100
$795,000 - $924,000
$3,298/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 04, 2025 at 10:43am
Listed by:
The Flaherty Group
Bought with:
OceanView Properties
Source: Maine Listings,MLS#: 1632200
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Hot Water
Cooling
- None
Features
- Bathtub, One-Floor Living, Pantry, Shower
- Flooring: Laminate, Wood, Hardwood, Linoleum
- Windows: Double Pane Windows
- Basement: Bulkhead,Interior Entry,Walk-Out Access,Full,Unfinished
Interior area
- Total structure area: 2,796
- Total interior livable area: 2,796 sqft
- Finished area above ground: 2,796
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, 1 - 4 Spaces, On Site
Features
- Levels: Multi/Split
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 0.70 Acres
- Features: Near Town, Neighborhood, Level, Landscaped, Wooded
Details
- Parcel number: PTLDM139BD004001
- Zoning: RN
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Wood Frame, Aluminum Siding, Vinyl Siding
- Roof: Shingle
Condition
- Year built: 1870
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & neighborhood
Location
- Region: Portland
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2025 | Sold | $850,000$304/sqft |
Source:  Maine Listings #1632200 | ||
| 9/4/2025 | Pending sale | $850,000$304/sqft |
Source: Maine Listings #1632200 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,617 | $528,600 |
| 2023 | $7,617 +5.9% | $528,600 |
| 2022 | $7,194 +20% | $528,600 +105.5% |
Find assessor info on the county website
Neighborhood: Ocean Avenue
Nearby schools
GreatSchools rating
- 7/10Ocean AvenueGrades: K-5Distance: 0.1 mi
- 4/10Lyman Moore Middle SchoolGrades: 6-8Distance: 2.1 mi
- 2/10Deering High SchoolGrades: 9-12Distance: 0.8 mi
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$855,100
2% more+ $17,102
With Zillow Showcase(estimated)
$872,202