Step into this classic 1826 home, beautifully set back from Ocean Avenue and surrounded by beautiful spring, summer, and fall gardens. Rich with character and history, this property offers a rare opportunity to own a piece of the past while bringing your own vision for thoughtful updates throughout. The home features a new high-efficiency boiler that heats the main house, along with the option to use a traditional wood/coal stove in the kitchen for supplemental warmth. An at-will tenant provides steady monthly income, offering flexibility for investors or owner-occupants alike. Recently pre-inspected for the buyer's convenience, the property has also been surveyed for three possible lots--presenting exciting potential for future expansion or investment. Ideally located close to Ocean Avenue Elementary, popular local dining spots such as Tipo, Bayou Kitchen and neighborhood favorite Sammy's Scoops, you'll enjoy both tranquility and accessibility in one desirable setting. Enjoy the added benefit of being within walking distance to numerous nearby trails, perfect for hiking, biking, and exploring the outdoors. Whether you're seeking a charming primary residence or an investment opportunity, this historic home invites you to imagine the possibilities. Located on the corner of Ocean Avenue and Mayland Street.
To provide appropriate areas of the city for medium-density residential development characterized by singlefamily, two-family and low-intensity multifamily dwellings on individual lots; to ensure the stability of established medium-density neighborhoods by controlling residential conversions; and to provide for planned residential unit development on substantially-sized parcels.
Lot Features: Near Shopping, Near Town, Neighborhood, Corner Lot
Road Surface Type: Paved
Zoning: RN-3
Subdivision Information
Subdivision Name: Back Cove
Financial
Tax Information
Annual Tax Amount: $7,500
Tax Year: 2024
Utilities
Utility Information
Has Heating
Heating: Hot Water, Radiator, Space Heater, Coal Stove, Wood Stove
Electric: Circuit Breakers
Sewer: Public Sewer
Water Source: Public
Water Heater: Electric
Location
Location Information
Unparsed Address: 124 Ocean Avenue, Portland, ME 04103
Directions: Property is on the corner of Mayland and Ocean. Entrance to the house is on Mayland.
Public facts
Beds: 4
Baths: 2.5
Sq. Ft.: 2,458
Stories: 2.0
Lot Size: 0.45 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1826
Year Renovated: —
County: Cumberland County
APN: 120409
Home facts updated by county records on Jul 27, 2026
Around this home
Schools
Ocean Avenue School
Public K-5 • Assigned • 0.1mi
7/10
Lyman Moore Middle School
Public 6-8 • Assigned • 2.1mi
4/10
Deering High School
Public 9-12 • Assigned • 0.7mi
2/10
Provided by GreatSchools
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
59% 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)
30
16
33
15
44
28
53
37
64
48
76
57
81
63
78
58
72
54
62
43
49
33
35
20
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 30% for direct sun exposure in Portland. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.8 hrs
5.2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$884,000 – $1.07M
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