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  • $869,000

    347 Ocean Street, South Portland, ME 04106

    5beds
    2,467sqft
    Multi Family
    Built in 1900
    -- sqft lot
    $902,100 Zestimate®
    $352/sqft
    $2,862 Estimated rent

    Home value

    $902,100

    $830,000 - $983,000

    $2,862/mo

    Zestimate® history
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    $5,389/mo

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    What's special

    One-car garageRoomy side yardGranite countertopsSleek stainless steel appliancesRaised garden bedsGleaming hardwood floorsIn-unit washer and dryer
    Welcome to 347 Ocean Street - A Turn-Key Gem in South Portland! This impeccably maintained 2-unit property is your golden opportunity to own a versatile, move-in-ready home in one of South Portland's most convenient and desirable locations. Whether you're looking to live in one unit and rent the other, or seeking a smart investment with strong rental potential, this property checks every box. Both spacious apartments have been thoughtfully upgraded with gleaming hardwood floors, stunning cherry cabinetry, granite countertops, and sleek stainless steel appliances. Each unit includes its own in-unit washer and dryer for maximum convenience. Modern living meets high efficiency with individual Navien natural gas boilers, just four years old, delivering both heat and hot water with exceptional energy savings. The 3-bedroom unit is perfect for an owner-occupant seeking space and style, while the already-leased 2-bedroom unit offers instant income. A roomy side yard with raised garden beds offers space for outdoor enjoyment, and the one-car garage with an additional workshop/storage room is a rare and valuable bonus. Enjoy a short stroll to Mill Creek's shops and restaurants, easy access to the Greenbelt Trail, Bug Light Park, and nearby Willard Beach. Best of all, Portland's vibrant Old Port is less than 10 minutes away! Don't miss your chance to own this beautifully updated, income-producing property in the heart of South Portland!

    Zillow last checked:

    Listing updated:

    Listed by:

    Portside Real Estate Group

    Bought with:

    Portside Real Estate Group

    Source: Maine Listings,MLS#: 1617609MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Baseboard, Hot Water
    Cooling
    • None
    Features
    • Bathtub, Pantry, Shower, Walk-In Closet(s)
    • Flooring: Carpet, Tile, Wood
    • Windows: Double Pane Windows
    • Basement: Exterior Entry,Walk-Out Access,Full,Unfinished
    • Has fireplace: No
    Interior area
    • Total structure area: 2,467
    • Total interior livable area: 2,467 sqft
    • Finished area above ground: 2,467
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 1
    • Parking features: Paved, 1 - 4 Spaces, On Site, Detached
    • Garage spaces: 1
    Features
    • Stories: 3
    • Patio & porch: Deck, Porch
    Lot
    • Size: 0.59 Acres
    • Features: Near Golf Course, Near Public Beach, Near Shopping, Near Town, Suburban, Near Railroad, Open Lot, Rolling Slope, Sidewalks
    Details
    • Parcel number: SPORM020L088
    • Zoning: Res AA
    • Other equipment: Internet Access Available

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Asbestos
    • Foundation: Block
    • Roof: Shingle
    Condition
    • Year built: 1900

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Utilities On
    Green energy
    • Energy efficient items: 90% Efficient Furnace

    Community & neighborhood

    Location
    • Region: South Portland

    Other

    Other facts
    • Road surface type: Paved

    Price history

    DateEventPrice
    5/15/2025Sold$869,000+2.2%$352/sqft
    Source: Maine Listings #1617609 Report a problem
    5/12/2025Pending sale$850,000$345/sqft
    Source: Maine Listings #1617609 Report a problem
    4/17/2025Contingent$850,000$345/sqft
    Source: Maine Listings #1617609 Report a problem
    4/16/2025Listed for sale$850,000$345/sqft
    Source: Maine Listings #1617609 Report a problem
    4/9/2025Contingent$850,000$345/sqft
    Source: Maine Listings #1617609 Report a problem
    4/1/2025Listed for sale$850,000+84.8%$345/sqft
    Source: Maine Listings #1617609 Report a problem
    9/10/2018Sold$460,000-2.1%$186/sqft
    Source: Maine Listings #1362068 Report a problem
    7/19/2018Listed for sale$469,900+42.4%$190/sqft
    Source: Coldwell Banker Residential Brokerage - Portland #1362068 Report a problem
    11/18/2010Listing removed$330,000$134/sqft
    Source: Sullivan Multi Family Realty, LLS #990156 Report a problem
    10/22/2010Price change$330,000-5.6%$134/sqft
    Source: Sullivan Multi Family Realty, LLS #990156 Report a problem
    9/4/2010Listed for sale$349,500+366%$142/sqft
    Source: Sullivan Multi Family Realty, LLS #990156 Report a problem
    2/2/2010Sold$75,000$30/sqft
    Source: Agent Provided Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$8,057 +21%$610,400 +29.6%
    2023$6,661 +3.3%$471,100 +13.7%
    2022$6,447 +16.8%$414,300 +48.3%
    2020$5,518 0%$279,400
    2019$5,518 +6.8%$279,400
    2018$5,169 +2.8%$279,400
    2017$5,029 +1.7%$279,400
    2016$4,945 +1.7%$279,400
    2015$4,862 +1.8%$279,400
    2014$4,778 +2.4%$279,400
    2013$4,666 +1.2%$279,400
    2012$4,610 +2.5%$279,400
    2011$4,498 +135.4%$279,400 +114.9%
    2009$1,911 -44.3%$130,000 -47%
    2008$3,431 +6.9%$245,100
    2006$3,211 $245,100

    Find assessor info on the county website

    Neighborhood: 04106

    Nearby schools

    GreatSchools rating
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    $902,100
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    With Zillow Showcase(estimated)
    $920,142