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  • $795,000

    311 Ocean Street, South Portland, ME 04106

    7beds
    3,996sqft
    Multi Family
    Built in 1900
    -- sqft lot
    $853,200 Zestimate®
    $199/sqft
    $2,706 Estimated rent

    Home value

    $853,200

    $811,000 - $896,000

    $2,706/mo

    Zestimate® history
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    What's special

    Handsome fireplaceColonial revival characterOne-car garageTranquil streamThree spacious residential unitsHigh ceilingsStained-glass accents
    DON'T MISS OUT on this incredible opportunity! Priced to sell as-is with expansion potential in one of South Portland's most desirable locations. This iconic 4-unit property delivers versatility for investors, multi-generational living, or anyone seeking a flexible home-based business setup. Originally built in 1900, this late-19th-century New Englander blends Colonial Revival character with timeless craftsmanship and period details throughout. Rich woodwork, hardwood floors, stained-glass accents, built-ins, and high ceilings create an atmosphere filled with warmth and charm. The property features four distinct spaces, including three spacious residential units — a first-floor 3 BR, two upper-level 2 BR units — and a dedicated home-occupancy suite once used as a pet-grooming business, perfect for a salon, studio, or office. A handsome fireplace, wrap-around enclosed porch, and large sun-filled rooms add to its appeal. An attached barn with loft and one-car garage offers incredible versatility, ideal for storage, a workshop, or potential in-law/ADU conversion. Set on a beautifully landscaped .84-acre corner lot with mature trees, gardens, and a tranquil stream, there may also be potential for a buildable lot (buyer to verify). Located minutes from Downtown Portland, Willard Beach, Bug Light Park, Spring Point Lighthouse, and Southern Maine Community College, with easy access to Portland International Jetport, Casco Bay Ferry Lines, and top-rated South Portland schools, this is coastal Maine living at its best. Bring your vision and unlock the potential of this one-of-a-kind property in the heart of South Portland. So much opportunity to live, work, and invest all in one prime location!

    Zillow last checked:

    Listing updated:

    Listed by:

    EXP Realty

    Bought with:

    Keller Williams Realty

    Keller Williams Realty

    Source: Maine Listings,MLS#: 1643403MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Hot Water, Zoned, Radiator, Steam
    Cooling
    • None
    Features
    • Flooring: Carpet, Wood, Linoleum
    • Windows: Double Pane Windows, Storm Window(s)
    • Basement: Bulkhead,Interior Entry
    • Number of fireplaces: 1
    Interior area
    • Total structure area: 3,996
    • Total interior livable area: 3,996 sqft
    • Finished area above ground: 3,996
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 1
    • Parking features: Garage - Attached
    • Attached garage spaces: 1
    Features
    • Levels: Multi/Split
    • Stories: 3
    • Patio & porch: Glassed-in Porch, Porch
    • Has view: Yes
    • View description: Scenic, Trees/Woods
    Lot
    • Size: 0.84 Acres
    Details
    • Additional structures: Shed(s), Barn(s)
    • Parcel number: SPORM019L047
    • Zoning: R-AA

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: New Englander
    • Property subtype: Multi Family
    Materials
    • Roof: Composition,Fiberglass,Shingle
    Condition
    • Year built: 1900

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    Green energy
    • Energy efficient items: Ceiling Fans

    Community & neighborhood

    Location
    • Region: South Portland

    Price history

    DateEventPrice
    4/17/2026Listing removed$895,000$224/sqft
    Source: eXp Realty #1643758 Report a problem
    3/23/2026Pending sale$895,000+12.6%$224/sqft
    Source: eXp Realty #1643403 Report a problem
    3/20/2026Sold$795,000-11.2%$199/sqft
    Source: Maine Listings #1643403 Report a problem
    1/15/2026Contingent$895,000$224/sqft
    Source: Maine Listings #1643403 Report a problem
    12/2/2025Price change$895,000-10.1%$224/sqft
    Source: Maine Listings #1643758 Report a problem
    11/13/2025Listed for sale$995,000+201.5%$249/sqft
    Source: Maine Listings #1643403 Report a problem
    2/9/2012Sold$330,000-5.7%$83/sqft
    Source: Maine Listings #1018394 Report a problem
    7/16/2011Price change$349,900-5.4%$88/sqft
    Source: E to P LLC, dba Keller Williams Realty #1018394 Report a problem
    6/18/2011Listed for sale$370,000$93/sqft
    Source: E to P LLC, dba Keller Williams Realty #1018394 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$10,355 +23%$784,500 +31.8%
    2023$8,419 +3.5%$595,400 +13.8%
    2022$8,138 +7.6%$523,000 +36.5%
    2020$7,566 0%$383,100
    2019$7,566 +6.8%$383,100 +0%
    2018$7,086 +2.8%$383,000
    2017$6,894 +1.7%$383,000
    2016$6,779 +1.7%$383,000
    2015$6,664 +1.8%$383,000
    2014$6,549 +2.4%$383,000
    2013$6,396 +1.2%$383,000
    2012$6,320 +11%$383,000 +8.3%
    2011$5,695 +6.6%$353,700 -2.7%
    2009$5,343 -8.6%$363,500 -12.9%
    2008$5,844 +10.3%$417,400 +3.2%
    2006$5,298 $404,400

    Find assessor info on the county website

    Neighborhood: 04106

    Nearby schools

    GreatSchools rating
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    $870,264