3,971 sqft$378/sqft
103 Read St, Portland, ME 04103
Est: $8,671/moGet pre-approved

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...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.
LISTING UPDATED: 08/20/2026 01:35 PM

  1. Listed by David Banks • RE/MAX By The Bay
    P: (207) 773-2345 C: (207) 831-8033 dbanks@davidbanksteam.com

Property Details for 103 Read Street

Status
MLS #
1677065
Days on Market
1
Taxes
$12,561 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi-Family
Year Built
1860
Lot Size
1.41 AC / 61,419 SF
Architectural Style
Other
View
Trees/Woods
Has Waterfront
No
Waterfront Features
Nearby, Public
Zoning
RN1

Location

Listing Courtesy of RE/MAX By The Bay
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Building Information for 103 Read Street

Stories-Residences3Year Built1860Building Size-Lot Size1.41 AC / 61,419 SF

Payment Calculator

$8,671 per month

30 year fixed, 6.55% Interest

Principal and Interest

$7,624

Property Taxes

$1,047

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 103 Read Street

Summary
Location and General Information
  • Water View: No
  • Page: 100, 165, 61
  • Directions: From Ocean Ave turn onto Read St. Street parking is available on opposite side of the road.
  • Latitude: 43.681778
  • Longitude: -$70.28
  • Transportation: Major Road Access, Near Public Transit
Taxes and HOA
  • Association: No
  • Parcel Number: PTLD-000141-J000014-000001
  • Tax Lot: 14, 3, 28
  • Tax Block: J, D
  • Tax Book Number: 04398, 40819, 26106
  • Tax Map Number: 141, 155
  • Tax Year: 2025
  • Tax Annual Amount: $12,561.00
Parking
  • Parking Features: Paved, 5 - 10 Spaces, On Site, On Street, Detached
  • Vehicle Storage: 1 Car, Detached
  • Has Attached Garage: No
  • Garage Spaces: 1.0
  • Has Garage: Yes
Property
Lot Information
  • Lot Features: Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Level, Sidewalks, Wooded, Near Public Transit
  • Lot Size Acres: 1.41
  • Lot Size Area: 1.41
  • Lot Size Source: Survey
  • Lot Size Square Feet: 61419.6
  • Lot Size Units: Acres
  • Acreage Other Source: Public Records
  • Roads: Paved, Public
  • Road Surface Type: Paved
  • Tree Growth: false
Property and Assessments
  • Above Grade Finished Area: 3971.0
  • Building Area Total: 3971.0
  • Property Type: Multi-Family
  • Deed: All
  • Deed/Conveyance Type Offered: Warranty
  • Year Built: 1860
Building Features
  • Levels: Multi-Level
  • Levels: Multi-Level
  • Construction Materials: Wood Frame, Clapboard, Vinyl Siding
  • Color: White
Financial Information
  • List Price/SqFt: $377.74
Utilities
  • Electric: Circuit Breakers
  • Gas: Natural - On Site
  • Sewer: Public Sewer
  • Water Source: Public
  • Water Heater: Tankless
Interior and Exterior Features
Exterior Features
  • Roof: Metal, Shingle
Interior Features
  • Bathrooms Full: 3
  • Bathrooms Total Decimal: 3.0
  • Bathrooms Total Integer: 3
  • Equipment: Cable, Internet Access Available
  • Other Equipment: Cable, Internet Access Available
  • Basement: Interior Entry, Full, Unfinished
  • Patio And Porch Features: Deck, Porch
  • Has Cooling: No
  • Heating: Gas Natural, Direct Vent Furnace, Forced Air
  • Has Heating: Yes
  • Flooring: Tile, Wood
Multi Family
Multi Family Information
  • # of 1 BD Units: 2
  • # of 2 BD Units: 1
  • Number Of Units Total: 3
Rental
Rent Information
  • Land Lease: No

Property History for 103 Read Street

DateEvent & SourcePriceAppreciation
Aug 20, 2026

Listed (Active)

Maine Listings #1677065

$1,500,000
Aug 20, 2026

Listed (Active)

Maine Listings #1677063

$1,500,000
Dec 15, 2021

Expired

Maine Listings #1504027

$2,200,000
DateEvent & SourcePrice
08/20/2026

Listed (Active)

Maine Listings #1677065

$1,500,000
08/20/2026

Listed (Active)

Maine Listings #1677063

$1,500,000
12/15/2021

Expired

Maine Listings #1504027

$2,200,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 103 Read Street

Taxable ValueLand$186,600Additions$672,900Total$859,500
Tax Record2025$10,297 ($858 / month)
Home Facts
Baths3Total Finished SqFt3,971 SqFtAbove Grade Finished SqFt3,971 SqFtStories2Lot Size18,404 SqFtStyleTriplexYear Built1860Year Renovated1860CountyCUMBERLANDAPNPTLD M:141 B:J014001

Schools near 103 Read Street

This home is within Portland Public Schools.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ocean Avenue School
PublicK to 5

Lyman Moore Middle School
Public6 to 8

Deering High School
Public9 to 12

Casco Bay High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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103 Read Street is a multi-family home for sale in Portland, ME 04103. This property was listed for sale on August 20, 2026 by RE/MAX By The Bay, it's currently listed at $1,500,000. This listing's school district is Portland Public Schools. Nearby schools include Ocean Avenue School, Lyman Moore Middle School and Deering High School. 103 Read Street is a 0-bed, 3-bath, 3,971 sqft multi-family home built in 1860.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of RE/MAX By The Bay

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.