Closed
$840,000
700 Ocean Avenue, Portland, ME 04103
7beds
2,644sqft
Multi Family
Built in 1904
-- sqft lot
$846,700 Zestimate®
$318/sqft
$2,952 Estimated rent
Home value
$846,700
$787,000 - $914,000
$2,952/mo
Zestimate® history
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Owner options
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What's special
Turn-Key 3-Unit in Portland, perfect for investors or owner-occupants!
This beautifully updated 3-unit property in Portland is truly turn-key. Major renovations were completed in 2019, and the current owner has taken it to the next level with even more improvements. Recent upgrades include a brand-new driveway, fresh landscaping, a new roof, high-quality composite exterior stairs, energy-efficient heat pump hot water heaters, and additional insulation following a professional energy audit. This is all designed to boost efficiency and reduce operating and maintenance costs.
Inside, each unit is modern, bright, and inviting with hardwood modern kitchens. The heat pumps offer high efficiency heating and cooling, keeping expenses low and cash flow strong.
The location couldn't be better, tucked in a peaceful, country-like setting yet just minutes from Back Cove, downtown Portland, and I-295. Rents are strong, and with the third or first floor units able to be delivered vacant, this is an excellent opportunity for an owner-occupant or a savvy investor looking for a turnkey property in a prime spot.
Zillow last checked: 8 hours ago
Listing updated: October 13, 2025 at 06:20am
Listed by:
Keller Williams Realty
Bought with:
American Real Estate
Source: Maine Listings,MLS#: 1636596
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Heat Pump
Cooling
- Heat Pump
Features
- Flooring: Carpet, Vinyl, Wood, Ceramic Tile
- Basement: Doghouse,Interior Entry,Full
Interior area
- Total structure area: 2,644
- Total interior livable area: 2,644 sqft
- Finished area above ground: 2,644
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, 5 - 10 Spaces
Lot
- Size: 6,969 sqft
- Features: City Lot, Near Shopping, Near Turnpike/Interstate, Near Town, Level, Sidewalks, Landscaped
Details
- Parcel number: PTLDM412BA003001
- Zoning: RN-1
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Roof: Shingle
Condition
- Year built: 1904
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Portland
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/10/2025 | Sold | $840,000+1.2%$318/sqft |
Source: | ||
| 9/9/2025 | Pending sale | $830,000$314/sqft |
Source: | ||
| 9/4/2025 | Listed for sale | $830,000+11.4%$314/sqft |
Source: | ||
| 6/3/2024 | Listing removed | -- |
Source: Zillow Rentals | ||
| 5/29/2024 | Listed for rent | $2,500$1/sqft |
Source: Zillow Rentals | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,680 | $463,600 |
| 2023 | $6,680 +5.9% | $463,600 |
| 2022 | $6,310 +11% | $463,600 +90.2% |
Find assessor info on the county website
Neighborhood: North Deering
Nearby schools
GreatSchools rating
- 5/10Presumpscot SchoolGrades: PK-5Distance: 0.5 mi
- 4/10Lyman Moore Middle SchoolGrades: 6-8Distance: 1.6 mi
- 5/10Casco Bay High SchoolGrades: 9-12Distance: 1.5 mi

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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$846,700
2% more+ $16,934
With Zillow Showcase(estimated)
$863,634