50 Alder St

Portland, ME 04101

$655,000
Last Sold Price
7
Beds
3,653 Sq. Ft.
$179 / Sq. Ft.
3,653
Sq. Ft.
$179
per Sq. Ft.
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Closed 12/5/25Virtual Tour
Closed 12/5/25Virtual Tour
Exterior Front
Unit 48 Kitchen
Unit 48 Bathroom
Unit 48 Bedroom 1
Unit 48 Bedroom 1 (2)
Unit 48 living room (3)
Unit 48 living room (1)
Unit 48 dining room (1)
Unit 48 dining room (2)
Unit 48 Kitchen and dining room
Unit 48 Bedroom 2
Unit 48 Bedroom 3
Unit 48 Upstairs hallway
Unit 50 Kitchen (1)
Unit 50 Kitchen (2)
Unit 50 Kitchen (3)
Unit 50 Living Room (1)
Unit 50 Living Room (2)
Unit 50 Bedroom 1
Unit 50 Bedroom 3
Unit 50 Bedroom 4
Unit 50 Bathroom 2
Unit 50 Laundry Room
Unit 48 Bonus Room 1
Unit 50 Bonus Room 2
Unit 50 Walk-In Closet
Garage Workshop Exterior
Garage Workshop
Exterior Side
Exterior Back
Exterior Front (2)
Aerial Front
Aerial Front Highlights
Aerial Skyline
Aerial Side
Aerial Side (2)
Aerial Skyline (2)
Floorplans Unit 48
Floorplans Unit 50

Description

Be part of Bayside's exciting transformation—one of Portland's fastest redeveloping neighborhoods. This spacious, move-in ready duplex with a garage workshop sits in the heart of the Peninsula within the dynamic B2b business zone, offering both immediate cash flow and long-term upside. The Bayside Master Development Plan envisions major investment in new housing, green space, and commercial opportunities that will reshape the neighborhood into one of Portland's most vibrant mixed-use districts. This...Be part of Bayside's exciting transformation—one of Portland's fastest redeveloping neighborhoods. This spacious, move-in ready duplex with a garage workshop sits in the heart of the Peninsula within the dynamic B2b business zone, offering both immediate cash flow and long-term upside. The Bayside Master Development Plan envisions major investment in new housing, green space, and commercial opportunities that will reshape the neighborhood into one of Portland's most vibrant mixed-use districts. This property offers buyers the chance to secure a prime foothold in the middle of this transformation while values remain accessible. The detached garage includes a workshop—ideal for a creative or trade business—and off-street parking adds daily convenience. Just steps to Bayside Bowl and minutes to Trader Joe's, Whole Foods, the Old Port, and the Arts District, this location has a Walk Score of 98. Unit #50 features 4 bedrooms, 2 baths and generous living space, while Unit #48 offers 3 bedrooms with approximately 455 sq ft of additional bonus space—perfect for finishing to expand value. With permits, there's even potential to convert Unit #48 into a 4-bedroom, 2-bath or to add a third unit within the existing footprint. Floor plans indicate the gross living area is significantly larger than tax records show—about 3,936 sq ft total. The property sits on a 6,076 sq ft lot in the B2b zone, which allows for medium-scale mixed-use and multifamily development. Zoning permits up to 13 residential units by right (buyer to verify with the city). The seller has been proactive in addressing items from a recent seller initiated inspection, and the report is available upon request. Currently financed with an FHA loan, the property should be financeable with any mortgage product. 50 Alder Street offers scale, flexibility, and future growth potential in a neighborhood poised for long-term appreciation.
  1. Listed by David Marshall • EXP Realty

Property Details for 50 Alder Street

Waterfront
No
ArchitecturalStyle
Colonial
Garage Spaces
2.00
Garage
Yes
Zoning
B2b
LISTING UPDATED: 12/05/2025 08:15 PM

Property Details for 50 Alder Street

StatusClosed
MLS #1630079
Days on Market75
Taxes$9,848 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family
Year Built1850
Lot Size0.13 AC / 5,662 SF
CountyCumberland County
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Location

Listing Courtesy of EXP Realty

Sold By EXP Realty

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Building Information for 50 Alder Street

Stories-Residences2Year Built1850Building Size-Lot Size0.13 AC / 5,662 SF

Payment Calculator

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$4,119 per month

30 year fixed, 6.46% Interest

Principal and Interest

$3,298

Property Taxes

$821

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 50 Alder Street

Summary
Location and General Information
  • Road Surface Type: Paved
  • Zip Code: 1920
  • Directions: GPS
  • Town: Portland
  • State/Province: ME
  • Zip Code: 04101
  • County: Cumberland
  • Geo Latitude: 43.65925
  • Geo Longitude: -70.263432
  • Tax Lot: 16+17
  • Site:Level: Yes
  • Location:Intown: Yes
  • Recreational Water:Nearby: Yes
  • Construction: Wood Frame
  • Water View2: No
  • Tree Growth YN2: false
Parking
  • Parking Features: 1 - 4 Spaces, Paved
  • Attached Garage: No
  • Parking: 1 - 4 Spaces
Taxes and HOA Information
  • Tax Book Number: 27606
  • Tax Map Number: 33C
  • Tax Year: 2024
  • Parcel Number: PTLD-000033-C000016-000001
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $9,848.00
  • Restrictions:No Restrictions: Yes
School Information
  • School District: Portland Public Schools
Virtual Tour
Property
Heating and Cooling
  • Water Heater:Electric: No
  • Heat Fuel: Oil
  • Heat System: Baseboard, Hot Water, Wood Stove
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 3653.0
  • Lot Size Acres: 0.13
  • Source of Acreage: Public Records
  • Building Area Total: 3653.0
  • Lot Size Area: 0.13
  • Lot Size Units: Acres
  • Lot Size Square Feet: 5662.8
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Street Number: 50
  • Property Information:Surveyed: Unknown
  • Property Information:Seasonal: No
  • Property Information:Owner Occupied: Yes
  • Property Information:Deed: All
  • Property Information:Total Half Baths: .00
Parking
  • Driveway:Paved: Yes
  • Driveway: Paved2
Property and Assessments
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Year Built: 1850
Utilities
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public
  • Gas:Natural - At Street: Yes
  • Water Heater: Electric2
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vertical Siding, Wood Frame
  • Vehicle Storage:2 Car: Yes
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • StructureType: Duplex
  • Vehicle Storage: 2 Car
  • Patio and Porch Features: Porch
  • Basement Entry: Interior
Interior Features
  • Basement: Full, Unfinished
  • Flooring: Wood, Tile, Carpet
  • Cooling: None
  • Heating: Wood Stove, Hot Water, Baseboard
  • Foundation Details: Brick/Mortar
  • Laundry Features: Laundry - 1st Floor, Main Level
  • Bathrooms Total (Integer): 3
  • Bathrooms Total (Decimal): 3.00
  • Bathrooms Total (Notational): 3.00
  • Cooling YN: No
  • Heating YN: Yes
  • Levels: Multi-Level
  • Amenities: Laundry - 1st Floor
Multi Family
Income & Expenses Information
  • Gross Income: $78,000.00
  • Operating Expenses: $16,000.00
  • Gross Income: $78,000.00
  • Operating Expenses: $16,000.00
Multi-Family Information
  • Number of Units: 2
Unit 1
  • Unit 1:Lease: No
  • Unit 1:Level: First
  • Unit 1:Security Deposit: No
  • Unit 1:Monthly Rent: $.00
  • Unit 1:# Full Baths: 2.00
  • Unit 1:# of Half Baths: .00
  • Unit 1:# of Rooms: 8.00
  • Unit 1:# of Bedrooms: 4.00
  • Unit 1:Dedicated Electric Meter: No
  • Unit 1:Dedicated Gas Meter: No
  • Unit 1:Dedicated Water Heater: No
  • Unit 1:Electric: No
  • Unit 1:Heat: Yes
  • Unit 1:Range: Yes
  • Unit 1:Refrigerator: Yes
  • Unit 1:Sewer: Yes
  • Unit 1:Water: Yes
Unit 2
  • Unit 2:Lease: No
  • Unit 2:Level: Second
  • Unit 2:Monthly Rent: $.00
  • Unit 2:# Full Baths: 1.00
  • Unit 2:# Half Baths: .00
  • Unit 2:# of Rooms: 6.00
  • Unit 2:# of Bedrooms: 3.00
  • Unit 2:Dedicated Electric Meter: Yes
  • Unit 2:Dedicated Gas Meter: No
  • Unit 2:Dedicated Water Heater: No
  • Unit 2:Electric: No
  • Unit 2:Heat: Yes
  • Unit 2:Range: Yes
  • Unit 2:Refrigerator: Yes
  • Unit 2:Sewer: Yes
  • Unit 2:Water: Yes
Unit 3
  • Unit 3:Range: Yes
  • Unit 3:Sewer: Yes
Unit Information
  • Units:# of 1 BD Units: 0
  • Units:# of 2 BD Units: 0
  • Units:# of 3 BD Units: 1
  • Units:# of 4+ BD Units: 1

Property History for 50 Alder Street

DateEvent & SourcePriceAppreciation
Dec 5, 2025

Sold (Public Record)

Public Record #1922974091

$655,000—
Dec 5, 2025

Sold

Maine Listings #1630079

$655,000—
Oct 16, 2025

Pending

Maine Listings #1630079

—
DateEvent & SourcePrice
12/05/2025

Sold (Public Record)

Public Record #1922974091

$655,000
12/05/2025

Sold

Maine Listings #1630079

$655,000
10/16/2025

Pending

Maine Listings #1630079

—

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

Public Records for 50 Alder Street

Taxable ValueLand$177,800Additions$644,300Total$822,100
Tax Record2025$9,849 ($821 / month)
Home Facts
Baths3Total Finished SqFt3,653 SqFtAbove Grade Finished SqFt3,653 SqFtStories2Lot Size6,077 SqFtStyleDuplexYear Built1850CountyCUMBERLANDAPNPTLD M:033 B:C016001

Schools near 50 Alder Street

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

King Middle School
Public6 to 8

Casco Bay High School
Public9 to 12

Deering 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP Realty

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. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.