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.
Active
$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
- 35 days
- 284
- 2
Zillow last checked:
Listing updated:
Listed by:
RE/MAX By The Bay
Source: Maine Listings,MLS#: 1677063
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
| Date | Event | Price |
|---|---|---|
| 8/20/2026 | Listed for sale | $1,500,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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




