It's all about LOCATION and this one is simply perfect!!! Solid duplex on Atlantic Street, with ocean views right down the street! Walk to the Eastern Prom for the park, tennis courts, food trucks, marina, dog beach, and more from this home!!! It's only 3 blocks away! Theater, coffee shops and art galleries just down the street, plus a host of food trucks and the Casco Bay Ferry system around the corner. Both units have dedicated porches, washer/dryers, gas meters, CMP panel boxes and separate heat systems. The building was seriously upgraded in 2017 with new granite, some plumbing, gleaming pine floors, some newer carpets, updated bathrooms, new roof, windows, insulation, and fixtures. Strong rental history. BOTH units are BELOW market. 1st floor should rent for $1850 and 2nd floor $5000 p month, not including heat. Perfect for owner occupy as well!! First floor has one bath, one large bedroom and an office or second bedroom. Both units share the basement and there is a bulkhead plus a side door off the first floor porch for ease of storage. Second unit is a combination of second and third floors with egress on each. This makes superior living for roommates or a larger family. .. .. .RARE two bathroom, four bedrooms or set it up with 2 living spaces as current residences do. Enjoy some open walls, exposed brick, period details, plaster and dry wall ceilings, custom kitchen cabinets, and two porches. The top porch has some OCEAN VIEWS seasonally!!! Both abutters are owner occupied homes!! Large driveway for 2, private backyard with new fencing, all great for setting up the grill or exercising pets!!! There is enough land mass to qualify for a CONFORMING 3rd unit probably, per the new zoning guidelines adopted Dec. 2020. See broker for details. Rents are under market rate, owner lives on the second floor. This is a rare offering and you will be pleased to add this building to your portfolio or even better. .. .. .. live here
Multi-familyProperty Type
1910Year Built
2,178 sq ftLot Size
$443Est. Price/Sq.Ft.
1 spaceParking
Listed by Judy George• Judy George Realty
Bought with Christine Pemberton• Benchmark Real Estate
Looking for an owner occupied or investment 2-Unit in Portland's East end - Come see 56 Atlantic Street. Top of the Hill on the South side of Congress Street. 1st floor is comfy 2 bedroom unit with large bay window. Second & Third floor is Large 3 bedroom/2 bath filled with light & extra space. Each unit has outside deck, Off street parking, separate utilities and fenced in yard for outdoor fun. Group Showings only - Monday 5/1 Tuesday 5/2. Time: Noon - 1pm.
Year
Property tax
Land + Additions
Assessment*
2024
$9,714 (−5.1%)
$310,200 + $337,000
$647,200
2023
$10,237 (+5.9%)
$310,200 + $400,200
$710,400
2022
$9,669 (+4.8%)
$310,200 + $400,200
$710,400
2021
$9,228 (+43.7%)
$310,200 + $400,200
$710,400
2020
$6,422
$106,700 + $168,800
$275,500
2019
$6,422 (+3.7%)
$106,700 + $168,800
$275,500
2018
$6,193 (+3.8%)
$106,700 + $168,800
$275,500
2017
$5,965 (+2.6%)
$106,700 + $168,800
$275,500
2016
$5,816 (+2.3%)
$106,700 + $168,800
$275,500
2015
$5,684 (+3.2%)
$106,700 + $168,800
$275,500
2014
$5,510
$106,700 + $168,800
$275,500
Tax history for 56 Atlantic St
Year
Property tax
Land + Additions
Assessment*
2024
$9,714 (−5.1%)
$310,200 + $337,000
$647,200
2023
$10,237 (+5.9%)
$310,200 + $400,200
$710,400
2022
$9,669 (+4.8%)
$310,200 + $400,200
$710,400
2021
$9,228 (+43.7%)
$310,200 + $400,200
$710,400
2020
$6,422
$106,700 + $168,800
$275,500
2019
$6,422 (+3.7%)
$106,700 + $168,800
$275,500
2018
$6,193 (+3.8%)
$106,700 + $168,800
$275,500
2017
$5,965 (+2.6%)
$106,700 + $168,800
$275,500
2016
$5,816 (+2.3%)
$106,700 + $168,800
$275,500
2015
$5,684 (+3.2%)
$106,700 + $168,800
$275,500
2014
$5,510
$106,700 + $168,800
$275,500
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
5
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
2,614 Sq. Ft.
Year renovated
—
Sq. Ft.
2,241
Year built
1910
Style
Multi-Family (2-4 Unit)
County
Cumberland County
APN
111348
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
R6
Residential
To set aside areas on the peninsula for housing characterized primarily by multi-family dwellings at a high density providing a wide range of housing for differing types of households; to conserve the existing housing stock and residential character of neighborhoods by controlling the scale and external impacts of professional offices and other nonresidential uses; and to encourage new housing development consistent with the compact lot development pattern typically found on the peninsula.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Other
Bed & breakfast
Lodging & hospitality-Other
Cemetery
Park & open space
Nov 2, 2025 • Final
Residential alterations (1 and 2 family)
Remodel
Sep 11, 2024 • Final
Residential alterations (1 and 2 family)
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.