OFF MARKET

Off market oct 2025 for $840K

$843,717

•

2,644

sq ft

700 Ocean Ave, Portland, ME 04103

About this home

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.

Multi-familyProperty Type

1904Year Built

6,969 sq ftLot Size

$319Est. Price/Sq.Ft.

5 spacesParking

Listed by Daniel Weber Nicholas Laverriere • Keller Williams Realty

Bought with Mushreq Alsamraee • American Real Estate

Redfin checked: a few seconds ago

•Source:MREIS #1636596

Redfin Estimate

$843,717

$3,717 since sold in October 2025$6,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 4.5% higher than the average sale price ($808K) of 6 comparable homes.

SOLD JUN 2, 2026
$902,000
A
8 beds3.5 baths2,960 sq ft
54 E Kidder St, Portland, ME 04103
SOLD SEP 9, 2026
$839,000
B
5 beds3 baths2,705 sq ft
20 Sawyer St, Portland, ME 04103
SOLD SEP 9, 2026
$800,000
C
6 beds2 baths2,896 sq ft
22 Hawthorne St, Portland, ME 04103
SOLD SEP 25, 2026
$880,000
D
4 beds2 baths2,798 sq ft
27 Norwood St, Portland, ME 04103
SOLD DEC 18, 2025
$845,000
E
7 beds3 baths3,644 sq ft
593 Washington Ave, Portland, ME 04103
SOLD FEB 11, 2026
$580,000
F
4 beds1.5 baths2,424 sq ft
412 Ocean Ave, Portland, ME 04103

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Earn from this home

Sell

$133,203

Est. take-home

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Market trends in 04103, ME

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

101.0%

1.6% MoM

Median sale price

$545K

$15K MoM

Avg. days on market

32d

18 days MoM

Recently sold homes

6 MoM

New listings for sale

NEW 6 HRS AGO
$1,595,000
4 beds3.5 baths3,834 sq ft
140 Noyes St, Portland, ME 04103
OPEN SUN, 10:30AM TO 12PM
$295,000
4 beds1 bath980 sq ft
608 Allen Ave, Portland, ME 04103
$475,000
3 beds1 bath967 sq ft
193 Warren Ave, Portland, ME 04103
$600,000
3 beds2.5 baths1,372 sq ft
64 Regan Ln, Portland, ME 04103
FOR SALE BY OWNER
$520,000
4 beds1 bath1,626 sq ft
110 E Commonwealth Dr, Portland, ME 04103
$499,000
2 beds2 baths1,842 sq ft
79 Stuart St, Portland, ME 04103
$699,000
4 beds1.5 baths2,198 sq ft
10 Ohio St, Portland, ME 04103
OPEN SAT, 11AM TO 12:30PM
$539,900
3 beds1.5 baths1,855 sq ft
31 Saugus St, Portland, ME 04103
$679,000
3 beds1.5 baths1,861 sq ft
26 Adelaide St, Portland, ME 04103
$899,000
4 beds4 baths2,556 sq ft
67 Brentwood St, Portland, ME 04103
See all

Provided by Redfin

Sale history for 700 Ocean Ave

Date

Event

Price

MREIS #1636596

Oct 10, 2025

Sold

$840,000

$318/sq ft

Sep 4, 2025

Listed

$830,000

$314/sq ft

MREIS #1532051

Jun 10, 2022

Sold

$745,000

$282/sq ft

+56

MREIS #1409462

Jun 21, 2019

Sold

$430,000

$163/sq ft

Apr 8, 2019

Listed

$425,000

$161/sq ft

+19

MREIS #1282603

Sep 26, 2016

Listed

$369,000

$140/sq ft

Year

Property tax

Land + Additions

Assessment*

2024

$7,169 (+7.3%)

$66,300 + $411,300

$477,600

2023

$6,680 (+5.9%)

$66,300 + $397,300

$463,600

2022

$6,310 (+4.8%)

$66,300 + $397,300

$463,600

2021

$6,022 (+6.0%)

$66,300 + $397,300

$463,600

2020

$5,683

$66,300 + $177,500

$243,800

2019

$5,683 (+3.7%)

$66,300 + $177,500

$243,800

2018

$5,481 (+3.8%)

$66,300 + $177,500

$243,800

2017

$5,278 (+2.5%)

$66,300 + $177,500

$243,800

2016

$5,147 (+2.3%)

$66,300 + $177,500

$243,800

2015

$5,030 (+3.2%)

$66,300 + $177,500

$243,800

2014

$4,876

$66,300 + $177,500

$243,800

Tax history for 700 Ocean Ave

Year

Property tax

Land + Additions

Assessment*

2024

$7,169 (+7.3%)

$66,300 + $411,300

$477,600

2023

$6,680 (+5.9%)

$66,300 + $397,300

$463,600

2022

$6,310 (+4.8%)

$66,300 + $397,300

$463,600

2021

$6,022 (+6.0%)

$66,300 + $397,300

$463,600

2020

$5,683

$66,300 + $177,500

$243,800

2019

$5,683 (+3.7%)

$66,300 + $177,500

$243,800

2018

$5,481 (+3.8%)

$66,300 + $177,500

$243,800

2017

$5,278 (+2.5%)

$66,300 + $177,500

$243,800

2016

$5,147 (+2.3%)

$66,300 + $177,500

$243,800

2015

$5,030 (+3.2%)

$66,300 + $177,500

$243,800

2014

$4,876

$66,300 + $177,500

$243,800

*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
Permits

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

6,970 Sq. Ft.

Year renovated

—

Sq. Ft.

2,644

Year built

1904

Style

Multi-Family (2-4 Unit)

County

Cumberland County

APN

131818

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Nov 4, 2025.

Property details

Parking

Parking Information
Parking Features: 5 - 10 Spaces, Paved

Interior

Bathroom Information
# of Baths (Full): 3

Basement Information
Basement Entry: Interior, Full, Doghouse

Interior Features
Flooring: Wood, Vinyl, Carpet

Multi-Unit Information
# of Units Total: 3
# of 1 Bedroom Units: 1
# of 3 Bedroom Units: 2
Operating Expense: $13,699
Gross Income: $81,600

Unit 1 Information
# of Bedrooms: 3
Actual Rent: $2,500
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2 Information
# of Bedrooms: 3
Actual Rent: $2,500
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3 Information
# of Bedrooms: 1
Actual Rent: $1,800
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Level: Third
Refrigerator: Yes
Sewer: Yes
Water: Yes

Exterior

Building Information
Construction Materials: Vinyl Siding, Wood Frame
Roof: Shingle
Total Building Area (Sq. Ft.): 2,644

Property Information
Year Built: 1904
Above-Grade Finished Area (Sq. Ft.): 2,644

Lot Information
Lot Size (Sq. Ft.): $6,969.60
Lot Size (Acres): 0.16
Lot Size Source: Public Records
Lot Features: Well Landscaped, Level, Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate, Near Town
Road Surface Type: Paved
Zoning: RN-1

Financial

Tax Information
Annual Tax Amount: $7,169
Tax Year: 2024

Utilities

Utility Information
Has Heating
Heating: Heat Pump
Has Cooling
Cooling: Heat Pump
Electric: Circuit Breakers
Sewer: Public Sewer
Water Source: Public
Water Heater: Heat Pump

Location

Location Information
Unparsed Address: 700 Ocean Avenue, Portland, ME 04103

Public facts

Beds: 7
Baths: 3.0
Sq. Ft.: 2,644
Stories: 2.0
Lot Size: 6,970 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1904
Year Renovated: —
County: Cumberland County
APN: 131818

Home facts updated by county records on Nov 4, 2025

Around this home

Schools

Presumpscot School

Public PreK-5 • Assigned • 0.6mi

5/10

Lyman Moore Middle School

Public 6-8 • Assigned • 1.6mi

4/10

Casco Bay High School

Public 9-12 • Assigned • 1.5mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

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 87° expected this year, 17 days in 30 years

6/10 Wind Factor

64% 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

In this area, properties receive around 8.4 hours in June and 4.2 hours in December, placing it below the U.S. average for solar exposure.

8.4 hrs

4.2 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$802,000 – $971,000

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New listings for sale in 04103

NEW 6 HRS AGO3D WALKTHROUGH

$1,595,000

4 beds3.5 baths3,834 sq ft

140 Noyes St, Portland, ME 04103

Queen anne victorian • Stately turret • Fish-scale siding

OPEN SUN, 10:30AM TO 12PM

$295,000

4 beds1 bath980 sq ft

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37 acre lot • Eat-in kitchen • Hardwood floors

$475,000

3 beds1 bath967 sq ft

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Granite countertops • New appliances • Off-street parking

$600,000

3 beds2.5 baths1,372 sq ft

64 Regan Ln, Portland, ME 04103

Manageable lot • Two car garage • 7,405 sq ft lot

FOR SALE BY OWNER

$520,000

4 beds1 bath1,626 sq ft

110 E Commonwealth Dr, Portland, ME 04103

Conveniently located • Quiet community • Dead end culdesac

$499,000

2 beds2 baths1,842 sq ft

79 Stuart St, Portland, ME 04103

One level living • Updated kitchen • Gas range

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4 beds1.5 baths2,198 sq ft

10 Ohio St, Portland, ME 04103

Hardwood floors • Sunny eat-in kitchen • Stainless appliances

OPEN SAT, 11AM TO 12:30PM

$539,900

3 beds1.5 baths1,855 sq ft

31 Saugus St, Portland, ME 04103

Big yard • Private backyard • Fire pit area

$679,000

3 beds1.5 baths1,861 sq ft

26 Adelaide St, Portland, ME 04103

Buildable lot • Detached garage • Sunroom

Home values near 700 Ocean Ave

Data from public records.

Address	Redfin Estimate
693 Ocean Avenue, Portland, ME 4 Beds \| 2 Baths \| 2015 Sq. Ft.	$587,097
2 Wellstone Drive Lot 2, Portland, ME 2 Beds \| 1.5 Baths \| 1482 Sq. Ft.	$377,189

Address	Redfin Estimate
700 Ocean Avenue, Portland, ME 7 Beds \| 3 Baths \| 2644 Sq. Ft.	$770,170
1 Wellstone Drive, Portland, ME 2 Beds \| 1.5 Baths \| 1188 Sq. Ft.	$349,135

Address	Redfin Estimate
693 Ocean Avenue, Portland, ME 4 Beds \| 2 Baths \| 2015 Sq. Ft.	$732,032
68 Wellstone Drive, Portland, ME 2 Beds \| 1.5 Baths \| 1188 Sq. Ft.	$366,037

Property information provided by MREIS when last listed in 2025. This data may not match . Learn more.

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