Skip main navigation
Active
  • $895,000

    597 Main Street, South Portland, ME 04106

    6beds
    3,630sqft
    : 
    Loading
    Get pre-qualified
    Multi Family
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $247/sqft
    $-- HOA

    What's special

    Exceptional Mixed-Use Investment Opportunity in South Portland Rare opportunity to acquire a well-maintained, income-producing mixed-use property in a highly visible Main Street location. This versatile three-unit building offers a diversified income stream with a gross annual income of $70,800, anchored by an established medical office occupying the entire first floor, providing the benefit of stable commercial tenancy. The two residential units above provide additional rental income and strong tenant appeal. Each residential unit features its own washer and dryer, while tenants are responsible for their own heat and electricity -- helping reduce owner expenses and maximize net operating income. Meticulously cared for and truly turnkey, the property offers desirable amenities including off-street parking for up to three residential vehicles, additional on-street parking for tenants, clients, and guests, and convenient access to public transportation. Ideally positioned along South Portland's Main Street corridor, this property is close to local businesses, shopping, dining, downtown Portland, major commuter routes, and area amenities. With proven rental history, strong tenant demand, diversified commercial and residential income, and excellent visibility, this is a rare opportunity to own a stable, cash-flowing investment property in one of Southern Maine's most desirable markets.
    29 days
    |
    775
    |
    30
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Dream Home Realty LLC

    Source: Maine Listings,MLS#: 1665990MLS Logo

    Loading...

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 3
      • Full bathrooms: 2
      Heating
      • Heat Pump
      Cooling
      • Heat Pump
      Features
      • Flooring: Carpet, Linoleum, Luxury Vinyl
      • Windows: Double Pane Windows
      • Basement: Exterior Entry,Interior Entry,Full,Unfinished,Brick/Mortar
      Interior area
      • Total structure area: 3,630
      • Total interior livable area: 3,630 sqft
      • Finished area above ground: 3,630
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Common, Paved, 1 - 4 Spaces, Assigned, Off Street, On Street
      • Has uncovered spaces: Yes
      Features
      • Levels: Multi/Split
      • Patio & porch: Porch
      Lot
      • Size: 6,969 Square Feet
      • Features: Business District, Near Shopping, Near Turnpike/Interstate, Near Town, Corner Lot, Level, Sidewalks, Landscaped
      Details
      • Additional structures: Shed(s)
      • Parcel number: SPORM053L272
      • Zoning: LB

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Colonial
      • Property subtype: Multi Family
      Materials
      • Wood Frame, Vinyl Siding
      • Foundation: Poured Concrete, Brick/Mortar
      • Roof: Shingle
      Condition
      • Year built: 1920

      Utilities & green energy

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

      Community & HOA

      Location
      • Region: South Portland

      Financial & listing details

      • Price per square foot: $247/sqft
      • Tax assessed value: $663,900
      • Annual tax amount: $9,062
      • Date on market: 6/9/2026
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,601/mo

        Price history

        DateEventPrice
        6/9/2026Listed for sale$895,000$247/sqft
        Source: Maine Listings #1665990 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$8,763 +20.2%$663,900 +28.8%
        2023$7,291 +5%$515,600 +15.6%
        2022$6,943 +14.3%$446,200 +45.1%
        2020$6,073 0%$307,500
        2019$6,073 +6.8%$307,500
        2018$5,689 +2.8%$307,500
        2017$5,535 +1.7%$307,500
        2016$5,443 +1.7%$307,500
        2015$5,351 +1.8%$307,500
        2014$5,258 $307,500

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 04106

        Getting around

        57 / 100
        Somewhat Walkable
        21 / 100
        Minimal Transit
        52 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes

        Skip to the end of the carouselSkip to the beginning of the carousel