Enjoy seasonal views of Back Cove and the Portland skyline from this rare three-unit property in one of the city's most desirable locations. Step out your door to the Back Cove Trail for morning walks, or enjoy coffee on your deck while taking in the water views. With strong rental income potential, this property offers the ideal opportunity to offset your mortgage while living in a premier setting.
The owner-occupant third floor unit is filled with natural light and features 1 bedroom and 1 bathroom with an open kitchen, dining, and living area. Two private decks extend the living space outdoors, including one with views overlooking Back Cove.
The second floor spans the entire level and offers exceptional light throughout. It includes a spacious living room, a separate dining room with original built-ins, a large kitchen, two well-sized bedrooms, and an updated bathroom. A private deck completes this inviting unit.
The first floor also occupies the full level and features a sun-filled layout with a spacious living room and gas fireplace, a dining room with built-ins, and an updated kitchen with granite countertops and new cabinetry. This unit also enjoys a private deck for outdoor living.
The basement provides dedicated storage for each unit along with coin-operated laundry. Additional amenities include parking for up to six vehicles between parking lot and a rare two-car garage. Numerous updates have been completed in recent years, making this a well-maintained and versatile investment opportunity.
A truly special offering on Back Cove that combines location, views, and income potential.
Active
$1,395,000
31 Bates Street, Portland, ME 04103
5beds
2,393sqft
Multi Family
Built in 1916
-- sqft lot
$1,360,200 Zestimate®
$583/sqft
$-- HOA
What's special
Gas fireplaceUpdated bathroomLarge kitchenDining room with built-ins
- 94 days
- 475
- 14
Zillow last checked:
Listing updated:
Listed by:
Vitalius Real Estate Group, LLC
Source: Maine Listings,MLS#: 1668759
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Direct Vent Heater
Cooling
- None
Appliances
- Laundry: Laundry - Coin
Features
- One-Floor Living
- Flooring: Carpet, Wood
- Basement: Doghouse,Interior Entry,Full,Unfinished
- Number of fireplaces: 1
Interior area
- Total structure area: 2,393
- Total interior livable area: 2,393 sqft
- Finished area above ground: 2,393
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Common, Paved, 5 - 10 Spaces, Detached
- Garage spaces: 2
Features
- Stories: 3
- Patio & porch: Deck
- Has view: Yes
- View description: Scenic
- Body of water: Back Cove
Lot
- Size: 6,969 Square Feet
- Features: Near Turnpike/Interstate, Near Town, Neighborhood, Sidewalks, Landscaped
Details
- Parcel number: 31BatesSTPortland4292007
- Zoning: B-2b
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Roof: Shingle
Condition
- Year built: 1916
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Portland
Financial & listing details
- Price per square foot: $583/sqft
- Annual tax amount: $8,792
- Date on market: 6/24/2026
- Exclusions: Gas heater on 3rd floor will be removed
Estimated market value
$1,360,200
$1.29M - $1.43M
$2,595/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/24/2026 | Listed for sale | $1,395,000$583/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment





