For sale

$1,500,000

Est. $9,180/mo —

•

3,971

sq ft

103 Read St, Portland, ME 04103

About this home

103 Read Street presents a substantial 1.41 acre offering in Portland, combining an existing three unit property with three additional vacant lots and compelling long term potential. The existing multi-family includes three residential units, while the additional acreage creates an opportunity to explore a range of future uses or development possibilities. A conceptual development plan explores the potential of an 8-16 unit Cottage Court community, subject to municipal review and approvals. The location offers convenient access to Back Cove, Baxter Boulevard, Payson Park, USM, downtown Portland, public transportation, and major commuter routes. With significant acreage in an established Portland neighborhood, 103 Read Street offers an intriguing opportunity for an investor, developer, or buyer looking to take a longer term approach to the property. Property is being sold as-is.

Multi-familyProperty Type

1860Year Built

1.41 acresLot Size

$378Price/Sq.Ft.

1 garage spacesParking

Listed by David Banks • RE/MAX By The Bay

Listing updated: Aug 20, 2026 at 01:35pm

Redfin checked: 2 minutes ago

•Source:MREIS #1677065

Payment calculator

$9,180 per month

Principal and interest$7,883

Property taxes

$1,047

HOA dues

Home insurance

$250

Utilities

Add

5 minutes to get started. No credit impact.

Affordability tools

See this home in person

Open houses

No upcoming open houses.

Nearby open houses (10)

OPEN SUN, 9:30AM TO 11AM
$695,000
4 beds3 baths2,080 sq ft
85 Running Hill Rd, Scarborough, ME 04074
OPEN SUN, 9:30AM TO 11AM
$449,000
4 beds1 bath1,497 sq ft
84 Oriole St, Westbrook, ME 04092
OPEN SUN, 11AM TO 1PM
$600,000
3 beds1 bath1,278 sq ft
220 Pine St, South Portland, ME 04106
OPEN SUN, 11AM TO 1PM
$279,000
2 beds1 bath967 sq ft
751 Main St #66, South Portland, ME 04106
OPEN SUN, 11AM TO 1PM
$575,000
3 beds1.5 baths1,160 sq ft
19 Grover Rd, Cape Elizabeth, ME 04107
OPEN SUN, 11AM TO 12:30PM
$1,075,000
3 beds2.5 baths2,444 sq ft
26 Hannaford Cove Rd, Cape Elizabeth, ME 04107
OPEN SUN, 11AM TO 1PM
$635,000
4 beds1.5 baths2,392 sq ft
66 Fessenden Ave, South Portland, ME 04106
OPEN SUN, 11:30AM TO 1PM
$499,000
3 beds2 baths1,698 sq ft
3 Tucker Dr, Windham, ME 04062
OPEN SUN, 12PM TO 2PM
$369,000
2 beds1.5 baths1,854 sq ft
423 Allen Ave, Portland, ME 04103
OPEN SUN, 12PM TO 1:30PM
$624,900
4 beds2 baths2,400 sq ft
23 Tate Ln, Windham, ME 04062

Around this home

Schools

K - 12
Preschool & daycare

Ocean Avenue School

Public K-5 • Assigned • 0.3mi

7/10

Lyman Moore Middle School

Public 6-8 • Assigned • 1.7mi

4/10

Deering High School

Public 9-12 • Assigned • 1.0mi

2/10

Provided by GreatSchools

About Back

Cove

Back Cove, located between the Back Cove shoreline and I-295, is a residential and waterfront Portland neighborhood with a 3.6-mile trail loop and broad bay views. The neighborhood’s character concentrates along Forest Avenue near Woodford Street, where corner markets, coffee counters, and long-running local eateries set a steady, everyday rhythm. Triple Espresso anchors the caffeine routine, while Woodford Food & Beverage and The Great Lost Bear serve as familiar gathering rooms. Housing leans toward early-20th-century capes and colonials, with pockets of mid-century apartments. The Back Cove Trail frames morning runs, stroller walks, and sunset laps. Tree-lined blocks meet working streets, giving the area a practical, lived-in feel.

Provided by Walk Score and Local Logic

Offer insights

103 Read St · $1,500,000

Strong offer

$1.53M and above

75% chance or better to win

Why $1.53M+ is a strong offer

DAYS ON MARKET

The average home goes pending in 36 days.

SALE-TO-LIST

Most homes are selling 3% below list price.

About offer insights

Property details

Interior
Exterior
Finance

Interior features
Cable available
Internet access available
Tile and wood flooring
Full unfinished basement with interior entry

Bedrooms
Three units total: two 1-bedroom units (both on the second level) and one 2-bedroom unit (on the first level)

Bathrooms
Three full bathrooms (one in each unit)

Kitchen
All units include a refrigerator

Laundry & utility
Units do not have dedicated water heaters or dedicated gas/electric meters

Flooring
Tile flooring
Wood flooring

Heating & cooling
Heating provided (Direct vent furnace and forced air)
Circuit breaker electrical system

Sale and tax history for 103 Read St

Sale History
Tax History

Date

Event

Price

MREIS #1677063

Aug 20, 2026

Listed

$1,500,000

$378/sq ft

MREIS #1677065

Aug 20, 2026

Listed

$1,500,000

$378/sq ft

MREIS #1504027

Aug 6, 2021

Listed

$2,200,000

$554/sq ft

Year

Property tax

Land + Additions

Assessment*

2024

$8,649 (+4.2%)

$73,300 + $502,900

$576,200

2023

$8,303 (+5.9%)

$73,300 + $502,900

$576,200

2022

$7,842 (+4.8%)

$73,300 + $502,900

$576,200

2021

$7,485 (+27.3%)

$73,300 + $502,900

$576,200

2020

$5,879

$75,800 + $176,400

$252,200

2019

$5,879 (+3.7%)

$75,800 + $176,400

$252,200

2018

$5,669 (+3.8%)

$75,800 + $176,400

$252,200

2017

$5,460 (+2.6%)

$75,800 + $176,400

$252,200

2016

$5,324 (+2.3%)

$75,800 + $176,400

$252,200

2015

$5,203 (+3.2%)

$75,800 + $176,400

$252,200

2014

$5,044

$75,800 + $176,400

$252,200

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

0.34 Acres

Year renovated

—

Finished Sq. Ft.

3,971

Unfinished Sq. Ft.

—

Total Sq. Ft.

3,971

Year built

1860

Style

Multi-Family (2-4 Unit)

County

Cumberland County

APN

120782

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 27, 2026.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

7 days above 88° expected this year, 17 days in 30 years

6/10 Wind Factor

60% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Portland, ME • 04103

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

91/ 100

Exceptional sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

10.1 hrs

5.9 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 103 Read St

We cannot show automated home-value estimates for this home.

Nearby homes have recently sold between $890,000 and $1,335,000.

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $890K to $1.3M.

SOLD MAY 8, 2026
$970,000 Last sold price
5 beds4 baths4,324 sq ft
56 Brookside Rd, Portland, ME 04103
$154/sq ft
smaller lot
95 years newer
SOLD JUN 26, 2026
$1,335,000 Last sold price
5 beds3 baths3,579 sq ft
76 Beacon St, Portland, ME 04103
$5/sq ft
smaller lot
37 years newer
SOLD OCT 30, 2025
$925,000 Last sold price
6 beds3 baths3,874 sq ft
301 Stevens Ave, Portland, ME 04103
$139/sq ft
smaller lot
50 years newer
SOLD JAN 2, 2026
$890,000 Last sold price
4 beds2.5 baths2,974 sq ft
37 Wellington Rd, Portland, ME 04103
$79/sq ft
smaller lot
85 years newer
SOLD MAY 29, 2026
$1,150,000 Last sold price
3 beds2 baths1,840 sq ft
88 Codman St, Portland, ME 04103
$247/sq ft
smaller lot
63 years newer
SOLD DEC 19, 2025
$901,000 Last sold price
6 beds2.5 baths3,124 sq ft
42-44 Sawyer St, Portland, ME 04103
$90/sq ft
smaller lot
34 years newer

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New listings for sale in 04103

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OPEN SUN, 12PM TO 2PM

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423 Allen Ave, Portland, ME 04103

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4 beds1.5 baths1,354 sq ft

27 Berkeley St, Portland, ME 04103

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Details provided by MREIS and may not match the public record. Learn more.

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