Welcome to 347 Ocean Street - A Turn-Key Gem in South Portland!
This impeccably maintained 2-unit property is your golden opportunity to own a versatile, move-in-ready home in one of South Portland's most convenient and desirable locations. Whether you're looking to live in one unit and rent the other, or seeking a smart investment with strong rental potential, this property checks every box.
Both spacious apartments have been thoughtfully upgraded with gleaming hardwood floors, stunning cherry cabinetry, granite countertops, and sleek stainless steel appliances. Each unit includes its own in-unit washer and dryer for maximum convenience. Modern living meets high efficiency with individual Navien natural gas boilers, just four years old, delivering both heat and hot water with exceptional energy savings.
The 3-bedroom unit is perfect for an owner-occupant seeking space and style, while the already-leased 2-bedroom unit offers instant income. A roomy side yard with raised garden beds offers space for outdoor enjoyment, and the one-car garage with an additional workshop/storage room is a rare and valuable bonus.
Enjoy a short stroll to Mill Creek's shops and restaurants, easy access to the Greenbelt Trail, Bug Light Park, and nearby Willard Beach. Best of all, Portland's vibrant Old Port is less than 10 minutes away!
Don't miss your chance to own this beautifully updated, income-producing property in the heart of South Portland!
Active under contract
$850,000
347 Ocean Street, South Portland, ME 04106
5beds
2,467sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$345/sqft
$-- HOA
What's special
One-car garageRoomy side yardGranite countertopsSleek stainless steel appliancesRaised garden bedsGleaming hardwood floorsIn-unit washer and dryer
- 25 days
- on Zillow |
- 1,279 |
- 52 |
Zillow last checked: 7 hours ago
Listing updated: April 17, 2025 at 08:36am
Listed by:
Portside Real Estate Group
Source: Maine Listings,MLS#: 1617609

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Hot Water, Baseboard
Cooling
- None
Appliances
- Laundry: Laundry - 1st Floor, Upper Level, Main Level
Features
- Walk-In Closet(s), Bathtub, Pantry, Shower
- Flooring: Wood, Tile, Carpet
- Windows: Double Pane Windows
- Basement: Walk-Out Access,Full,Exterior Only,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,467
- Total interior livable area: 2,467 sqft
- Finished area above ground: 2,467
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: 1 - 4 Spaces, Paved, On Site, Detached
- Garage spaces: 1
Features
- Stories: 3
- Patio & porch: Deck, Porch
Lot
- Size: 0.59 Acres
- Features: Sidewalks, Near Golf Course, Near Public Beach, Near Shopping, Near Town, Suburban, Near Public Transit, Near Railroad
Details
- Parcel number: SPORM020L088
- Zoning: Res AA
- Other equipment: Internet Access Available
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Multi Family
Materials
- Asbestos, Wood Frame
- Foundation: Block
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: 90% Efficient Furnace
Community & HOA
Location
- Region: South Portland
Financial & listing details
- Price per square foot: $345/sqft
- Tax assessed value: $471,100
- Annual tax amount: $8,057
- Date on market: 4/1/2025
- Road surface type: Paved
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