700 Ocean Ave

Portland, ME 04103

$840,000
Last Sold Price
7
Beds
2,644 Sq. Ft.
$318 / Sq. Ft.
2,644
Sq. Ft.
$318
per Sq. Ft.
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Closed 10/10/25
Closed 10/10/25
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Description

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...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.
  1. Listed by Daniel Weber Nicholas Laverriere • Keller Williams Realty

Property Details for 700 Ocean Avenue

Waterfront
No
ArchitecturalStyle
Other
Garage
No
Zoning
RN-1
LISTING UPDATED: 10/13/2025 09:20 AM

Property Details for 700 Ocean Avenue

StatusClosed
MLS #1636596
Days on Market5
Taxes$7,169 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family
Year Built1904
Lot Size0.16 AC / 6,969 SF
CountyCumberland County
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Location

Listing Courtesy of Keller Williams Realty

Sold By American Real Estate

Add your commute

Building Information for 700 Ocean Avenue

Stories-Residences3Year Built1904Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

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$4,783 per month

30 year fixed, 6.36% Interest

Principal and Interest

$4,186

Property Taxes

$597

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 700 Ocean Avenue

Summary
Location and General Information
  • Road Surface Type: Paved
  • Zip Code: 2706
  • Town: Portland
  • State/Province: ME
  • Zip Code: 04103
  • County: Cumberland
  • Geo Latitude: 43.690429
  • Geo Longitude: -70.265557
  • Tax Lot: 3
  • Site:Level: Yes
  • Site:Sidewalks: Yes
  • Site:Well Landscaped: Yes
  • Location:Intown: Yes
  • Location:Near Shopping: Yes
  • Location:Near Town: Yes
  • Location:Near Turnpike/Interstate: Yes
  • Construction: Wood Frame
  • Water View2: No
  • Tree Growth YN2: false
Parking
  • Parking Features: 5 - 10 Spaces, Paved
  • Attached Garage: No
  • Parking: 5 - 10 Spaces
Taxes and HOA Information
  • Tax Book Number: 39494
  • Tax Map Number: 412
  • Tax Year: 2024
  • Parcel Number: PTLD-000412-A000003-000001
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $7,169.00
Property
Heating and Cooling
  • Water Heater:Electric: No
  • Water Heater:Heat Pump: Yes
  • Heat Fuel: Electric
  • Heat System: Heat Pump
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 2644.0
  • Lot Size Acres: 0.16
  • Source of Acreage: Public Records
  • Building Area Total: 2644.0
  • Lot Size Area: 0.16
  • Lot Size Units: Acres
  • Lot Size Square Feet: 6969.6
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Street Number: 700
  • Property Information:Surveyed: Unknown
  • Property Information:Seasonal: No
  • Property Information:Total Half Baths: .00
Parking
  • Driveway:Paved: Yes
  • Driveway: Paved2
Property and Assessments
  • Sign on Property: Yes
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Year Built: 1904
Utilities
  • Electric: True
  • Sewer: Public Sewer
  • Water Source: Public
  • Gas:No Gas: Yes
  • Water Heater: Heat Pump2
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Wood Frame
  • Vehicle Storage:No Vehicle Storage: Yes
  • Roof: Shingle
  • Vehicle Storage: No Vehicle Storage
  • Basement Entry: Doghouse, Interior
Interior Features
  • Basement: Full
  • Flooring: Wood, Vinyl, Carpet
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Bathrooms Total (Integer): 3
  • Bathrooms Total (Decimal): 3.00
  • Bathrooms Total (Notational): 3.00
  • Cooling YN: Yes
  • Heating YN: Yes
Multi Family
Income & Expenses Information
  • Gross Income: $81,600.00
  • Operating Expenses: $13,699.00
  • Gross Income: $81,600.00
  • Operating Expenses: $13,699.00
Multi-Family Information
  • Number of Units: 3
Unit 1
  • Unit 1:Lease: No
  • Unit 1:Level: First
  • Unit 1:Security Deposit: No
  • Unit 1:Monthly Rent: $2,500.00
  • Unit 1:# Full Baths: 1.00
  • Unit 1:# of Half Baths: .00
  • Unit 1:# of Rooms: 6.00
  • Unit 1:# of Bedrooms: 3.00
  • Unit 1:Dedicated Electric Meter: Yes
  • Unit 1:Dedicated Gas Meter: No
  • Unit 1:Dedicated Water Heater: Yes
  • Unit 1:Electric: No
  • Unit 1:Heat: No
  • Unit 1:Range: Yes
  • Unit 1:Refrigerator: Yes
  • Unit 1:Sewer: Yes
  • Unit 1:Water: Yes
Unit 2
  • Unit 2:Lease: Yes
  • Unit 2:Level: Second
  • Unit 2:Monthly Rent: $2,500.00
  • 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: Yes
  • Unit 2:Electric: No
  • Unit 2:Heat: No
  • Unit 2:Range: Yes
  • Unit 2:Refrigerator: Yes
  • Unit 2:Sewer: Yes
  • Unit 2:Water: Yes
Unit 3
  • Unit 3:Lease: No
  • Unit 3:Level: Third
  • Unit 3:Monthly Rent: $1,800.00
  • Unit 3:# Full Baths: 1.00
  • Unit 3:# Half Baths: .00
  • Unit 3:# of Rooms: 3.00
  • Unit 3:# of Bedrooms: 1.00
  • Unit 3:Dedicated Electric Meter: Yes
  • Unit 3:Dedicated Gas Meter: No
  • Unit 3:Dedicated Water Heater: Yes
  • Unit 3:Electric: No
  • Unit 3:Heat: No
  • Unit 3:Range: Yes
  • Unit 3:Refrigerator: Yes
  • Unit 3:Sewer: Yes
  • Unit 3:Water: Yes
Unit 4
  • Unit 4:Electric: No
Unit Information
  • Units:# of 1 BD Units: 1
  • Units:# of 2 BD Units: 0
  • Units:# of 3 BD Units: 2
  • Units:# of 4+ BD Units: 0

Property History for 700 Ocean Avenue

DateEvent & SourcePriceAppreciation
Oct 10, 2025

Sold (Public Record)

Public Record #1916554147

$840,000

+3.7% / yr

Oct 10, 2025

Sold

Maine Listings #1636596

$840,000—
Sep 9, 2025

Pending

Maine Listings #1636596

—
DateEvent & SourcePrice
10/10/2025

Sold (Public Record)

Public Record #1916554147

$840,000

+3.7% / yr

10/10/2025

Sold

Maine Listings #1636596

$840,000
09/09/2025

Pending

Maine Listings #1636596

—

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

Public Records for 700 Ocean Avenue

Taxable ValueLand$165,600Additions$531,300Total$696,900
Tax Record2025$8,349 ($696 / month)
Home Facts
Baths3Total Finished SqFt2,644 SqFtAbove Grade Finished SqFt2,644 SqFtStories2Lot Size7,009 SqFtStyleTriplexYear Built1904CountyCUMBERLANDAPNPTLD M:412 B:A003001

Schools near 700 Ocean Avenue

This home is within Portland Public Schools.
Rating
School
Type
Grades
Distance
Presumpscot School
Public - PK to 5
Lyman Moore Middle School
Public - 6 to 8
Casco Bay High School
Public - 9 to 12
Deering High School
Public - 9 to 12
Rating
School
Distance
Presumpscot School
PublicPK to 5

Lyman Moore 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 Keller Williams 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. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.