135 Ocean Street -- Prime investment in Knightville. This well-maintained mixed-use building on one of South Portland's most sought-after blocks presents a rare opportunity for stable income and long-term growth. The property includes two residential units and a first-floor commercial space, all currently occupied by long-term tenants. The commercial tenant operates a medical cannabis business and has been in place for seven years, providing a dependable anchor for the building. Located in the heart of the neighborhood's activity and close to transit, shops and services, this property is an attractive option for an investor seeking steady cash flow and future upside.
GROUP SHOWINGS: Tuesday 7/28, 1:30 - 2:30 and Thursday 7/30, 1:30 - 2:30
Pending
$775,000
135 Ocean Street, South Portland, ME 04106
6beds
2,583sqft
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$300/sqft
$-- HOA
What's special
- 40 days
- 181
- 7
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Portside Real Estate Group
Source: Maine Listings,MLS#: 1673414
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Direct Vent Heater
Cooling
- None
Features
- Flooring: Tile, Vinyl, Wood
- Basement: Interior Entry,Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,583
- Total interior livable area: 2,583 sqft
- Finished area above ground: 2,583
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, 5 - 10 Spaces, On Site, Off Street
Features
- Levels: Multi/Split
- Stories: 3
Lot
- Size: 4,791 Square Feet
- Features: Business District, City Lot, Near Shopping, Neighborhood, Level, Open Lot, Sidewalks, Landscaped
Details
- Parcel number: SPORM015L004
- Zoning: VC
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Block, Slab, Brick/Mortar
- Roof: Flat,Membrane
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: South Portland
Financial & listing details
- Price per square foot: $300/sqft
- Tax assessed value: $493,800
- Annual tax amount: $7,223
- Date on market: 7/24/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/26/2026 | Pending sale | $775,000$300/sqft |
Source:  Maine Listings #1673414 Report a problem | ||
| 8/10/2026 | Contingent | $775,000$300/sqft |
Source: Maine Listings #1673414 Report a problem | ||
| 7/24/2026 | Listed for sale | $775,000+78.2%$300/sqft |
Source: Maine Listings #1673414 Report a problem | ||
| 11/27/2018 | Sold | $435,000-9.4%$168/sqft |
Source: Maine Listings #1363169 Report a problem | ||
| 8/27/2018 | Listing removed | $479,900$186/sqft |
Source: The Atlantic Real Estate Network #1363169 Report a problem | ||
| 7/31/2018 | Listed for sale | $479,900+81.2%$186/sqft |
Source: Flynn & Company Real Estate, LLC #1363169 Report a problem | ||
| 10/31/2010 | Listing removed | $264,900$103/sqft |
Source: Flynn & Company Real Estate #974595 Report a problem | ||
| 10/13/2010 | Price change | $264,900-5.4%$103/sqft |
Source: Flynn & Company Real Estate #974595 Report a problem | ||
| 9/15/2010 | Listed for sale | $279,900-3.4%$108/sqft |
Source: Flynn & Company Real Estate #974595 Report a problem | ||
| 8/8/2010 | Listing removed | $289,900$112/sqft |
Source: Flynn & Company Real Estate #974595 Report a problem | ||
| 6/16/2010 | Price change | $289,900-3.3%$112/sqft |
Source: Flynn & Company Real Estate #974595 Report a problem | ||
| 5/18/2010 | Price change | $299,900-3.2%$116/sqft |
Source: Flynn & Company Real Estate #974595 Report a problem | ||
| 5/11/2010 | Listed for sale | $309,900$120/sqft |
Source: Flynn & Company Real Estate #974595 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,518 +12.3% | $493,800 +20.3% |
| 2023 | $5,806 +3.1% | $410,600 +13.4% |
| 2022 | $5,634 +10.1% | $362,100 +39.7% |
| 2020 | $5,119 0% | $259,200 |
| 2019 | $5,119 +6.4% | $259,200 -0.3% |
| 2018 | $4,812 +2.8% | $260,100 |
| 2017 | $4,682 +4.3% | $260,100 +2.6% |
| 2016 | $4,487 +1.7% | $253,500 |
| 2015 | $4,411 +1.8% | $253,500 |
| 2014 | $4,335 +2.4% | $253,500 |
| 2013 | $4,233 +1.2% | $253,500 |
| 2012 | $4,183 +2.5% | $253,500 |
| 2011 | $4,081 +6.4% | $253,500 -2.8% |
| 2009 | $3,835 -8.5% | $260,900 -12.9% |
| 2008 | $4,192 +6.9% | $299,400 |
| 2006 | $3,922 | $299,400 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 04106
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