700 Ocean Ave

Portland ME 04103

2644 sq. ft.

6969.6 sq. ft.

Multi-Family

Last sold for $840,000

Daniel Weber Nicholas Laverriere, last sold this property on 10 October 2025 after -328 days on market.

Overview

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.

Features

3 bathrooms

2644 sq. ft. floor area

6969.6 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar multi families sold in Portland over the last 12 months, the estimated median property value of 700 Ocean Ave is $870k.

Median value

$870k

Estimated value range

$573k - $1.6m

Median days on market

Estimated value trend

23%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Portland. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 700 Ocean Ave

2025

Sold

$840,000

10 Oct 2025 by Daniel Weber Nicholas Laverriere, of Keller Williams Realty

2022

Sold

$745,000

10 Jun 2022 by Daniel Weber, of Portside Real Estate Group

2019

Sold

$430,000

21 Jun 2019 by Kimberly Tarbox, of eXp Realty, LLC (E - TR14 - Maine)

Happy sellers in Portland

We have insufficient information to provide an overview of customer satisfaction for Portland. Viewing the agent profiles, reviews and sales for Portland can provide insights for this location.