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  • $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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    Rent Zestimate®

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    $4,251/mo

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    $4,251/mo

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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#: 1636596MLS Logo

    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

    DateEventPrice
    10/10/2025Sold$840,000+1.2%$318/sqft
    Source: Maine Listings #1636596
    9/9/2025Pending sale$830,000$314/sqft
    Source: Maine Listings #1636596
    9/4/2025Listed for sale$830,000+11.4%$314/sqft
    Source: Maine Listings #1636596
    6/3/2024Listing removed--
    Source: Zillow Rentals
    5/29/2024Listed for rent$2,500$1/sqft
    Source: Zillow Rentals

    Public tax history

    YearProperty taxesTax 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
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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