103 Read ST, Portland, ME 04103
103 Read ST, Portland, ME 04103
103 Read ST, Portland, ME 04103
103 Read ST, Portland, ME 04103
103 Read ST, Portland, ME 04103
103 Read ST, Portland, ME 04103
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Colleen Lundgren, M.S.

Colleen Lundgren, M.S.

+1(207) 671-6026
Listed by David Banks RE/MAX By The Bay
$ 1,500,000
Est. payment | /mo

3 Baths

3,971 SqFt

Save
$ 1,500,000
Est. payment | /mo
Save

3 Baths

3,971 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,971 sqft

Price per Sqft $377

MLS Listing ID 1677065

Full Baths 3

HOA Y/N No

Year Built 1860

Tax Year 2025

Lot Size 1.410 Acres

Acres 1.41

Source Maine Listings

Land Area 3971

Property Description

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.

Location

State ME

County Cumberland

Zoning RN1

Direction From Ocean Ave turn onto Read St. Street parking is available on opposite side of the road.

Rooms

Basement Interior Entry, Full, Unfinished

Interior

Heating Gas Natural, Direct Vent Furnace, Forced Air

Cooling None

Flooring Tile, Wood

Equipment Cable, Internet Access Available

Exterior

Parking Features Paved, 5 - 10 Spaces, On Site, On Street, Detached

Garage Spaces 1.0

Waterfront Description Nearby,Public

View Trees/Woods

Roof Type Metal,Shingle

Porch Deck, Porch

Garage Yes

Building

Lot Description Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Level, Sidewalks, Wooded, Near Public Transit

Entry Level Multi-Level

Water Public

Architectural Style Other

Others

Tax ID PTLD-000141-J000014-000001

Maine MLS (MREIS) IDX

Nearby Locations

Colleen Lundgren, M.S.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(207) 671-6026

colleen@colleenlundgren.com

63 Federal St, Portland, ME 04101, USA

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103 Read ST