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  • $1,500,000

    103 Read Street, Portland, ME 04103

    --beds
    --baths
    1.41Acres
    Land
    Built in ----
    1.41 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Additional vacant lots
    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.
    35 days
    284
    2

    Zillow last checked:

    Listing updated:

    Listed by:

    RE/MAX By The Bay

    Source: Maine Listings,MLS#: 1677063MLS Logo

      Facts & features

      Property

      Parking
      • Parking features: Paved, 5 - 10 Spaces, On Site, On Street
      • Has uncovered spaces: Yes
      Features
      • Has view: Yes
      • View description: Trees/Woods
      Lot
      • Size: 1.41 Acres
      • Features: Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Level, Sidewalks, Wooded
      Details
      • Parcel number: PTLDM141BJ014001
      • Zoning: RN1

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Portland

      Financial & listing details

      • Tax assessed value: $576,200
      • Annual tax amount: $12,561
      • Date on market: 8/20/2026
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/20/2026Listed for sale$1,500,000
        Source: Maine Listings #1677065 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$8,303 $576,200
        2023$8,303 +5.9%$576,200
        2022$7,842 +33.4%$576,200 +128.5%
        2020$5,879 $252,200
        2019$5,879 +3.7%$252,200
        2018$5,669 +3.8%$252,200
        2017$5,460 +2.6%$252,200
        2016$5,324 +2.3%$252,200
        2015$5,203 +3.2%$252,200
        2014$5,044 +3%$252,200
        2013$4,895 +93.9%$252,200 +88.1%
        2012$2,524 +16.9%$134,100 +13.5%
        2011$2,159 -9.2%$118,100 -11.9%
        2009$2,379 -47.7%$134,100 -47.7%
        2008$4,545 +8.8%$256,200
        2006$4,179 $256,200
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Ocean Avenue

        Getting around

        63 / 100
        Somewhat Walkable
        32 / 100
        Some Transit
        77 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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