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  • $740,000

    124 Ocean Avenue, Portland, ME 04103

    4beds
    2,458sqft
    Multi Family
    Built in 1826
    -- sqft lot
    $740,400 Zestimate®
    $301/sqft
    $2,272 Estimated rent

    Home value

    $740,400

    $703,000 - $777,000

    $2,272/mo

    Zestimate® history
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    $3,733/mo

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    What's special

    New high-efficiency boiler
    Step into this classic 1826 home, beautifully set back from Ocean Avenue and surrounded by beautiful spring, summer, and fall gardens. Rich with character and history, this property offers a rare opportunity to own a piece of the past while bringing your own vision for thoughtful updates throughout. The home features a new high-efficiency boiler that heats the main house, along with the option to use a traditional wood/coal stove in the kitchen for supplemental warmth. An at-will tenant provides steady monthly income, offering flexibility for investors or owner-occupants alike. Recently pre-inspected for the buyer's convenience, the property has also been surveyed for three possible lots--presenting exciting potential for future expansion or investment. Ideally located close to Ocean Avenue Elementary, popular local dining spots such as Tipo, Bayou Kitchen and neighborhood favorite Sammy's Scoops, you'll enjoy both tranquility and accessibility in one desirable setting. Enjoy the added benefit of being within walking distance to numerous nearby trails, perfect for hiking, biking, and exploring the outdoors. Whether you're seeking a charming primary residence or an investment opportunity, this historic home invites you to imagine the possibilities. Located on the corner of Ocean Avenue and Mayland Street.

    Zillow last checked:

    Listing updated:

    Listed by:

    RE/MAX Shoreline

    Bought with:

    RE/MAX Shoreline

    Source: Maine Listings,MLS#: 1653435MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 2
    Heating
    • Hot Water, Radiator, Space Heater, Coal Stove, Wood Stove
    Cooling
    • None
    Features
    • 1st Floor Bedroom, Bathtub, Shower
    • Flooring: Carpet, Wood, Linoleum
    • Basement: Interior Entry,Walk-Out Access,Full,Sump Pump,Unfinished
    • Number of fireplaces: 3
    Interior area
    • Total structure area: 2,458
    • Total interior livable area: 2,458 sqft
    • Finished area above ground: 2,458
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Other, 1 - 4 Spaces, On Site
    Features
    • Stories: 2
    • Patio & porch: Deck, Porch
    Lot
    • Size: 0.45 Acres
    • Features: Near Shopping, Near Town, Neighborhood, Corner Lot, Landscaped
    Details
    • Parcel number: PTLDM138BD015001
    • Zoning: RN-3
    • Other equipment: Internet Access Available

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: New Englander
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Wood Siding
    • Roof: Membrane,Shingle
    Condition
    • Year built: 1826

    Utilities & green energy

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

    Community & neighborhood

    Location
    • Region: Portland
    • Subdivision: Back Cove

    Other

    Other facts
    • Road surface type: Paved

    Price history

    DateEventPrice
    6/18/2026Sold$740,000-6.9%$301/sqft
    Source: Maine Listings #1653435 Report a problem
    4/8/2026Pending sale$795,000$323/sqft
    Source: Maine Listings #1653541 Report a problem
    3/5/2026Listed for sale$795,000$323/sqft
    Source: Maine Listings #1653435 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$7,201 $499,700
    2023$7,201 +5.9%$499,700
    2022$6,801 +15.3%$499,700 +97.5%
    2020$5,897 $253,000
    2019$5,897 +3.7%$253,000
    2018$5,687 +3.8%$253,000
    2017$5,477 +2.5%$253,000
    2016$5,341 +2.3%$253,000
    2015$5,219 +3.1%$253,000
    2014$5,060 +3%$253,000
    2013$4,911 +3.2%$253,000
    2012$4,761 +7.2%$253,000 +4.1%
    2011$4,442 -1%$243,000 -4%
    2009$4,488 $253,000
    2008$4,488 +8.8%$253,000
    2006$4,126 $253,000

    Find assessor info on the county website

    Neighborhood: Ocean Avenue

    Nearby schools

    GreatSchools rating
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    $740,400
    2% more
    +$14,808
    With Zillow Showcase(estimated)
    $755,208