Seller's Agent in 2025
Andrew Snyder
Portside Real Estate Group
(207) 831-9471
2 in this area
48 Total Sales
347 Ocean St South Portland, ME 04106
Meetinghouse Hill Neighborhood
--
Bed
2
Baths
2,467
Sq Ft
0.59
Acres
Highlights
- Nearby Water Access
- 0.59 Acre Lot
- Deck
- Public Beach
- Colonial Architecture
- Property is near public transit
About This Home
As of May 2025Welcome 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!
Last Buyer's Agent
Christine Pemberton
Coldwell Banker Residential Brokerage
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,057
Year Built
- Built in 1900
Lot Details
- 0.59 Acre Lot
- Public Beach
- Open Lot
- Sloped Lot
Parking
- 1 Car Detached Garage
- Driveway
Home Design
- Colonial Architecture
- Block Foundation
- Wood Frame Construction
- Shingle Roof
- Asbestos Siding
- Asbestos
Interior Spaces
- 2,467 Sq Ft Home
- 3-Story Property
- Double Pane Windows
- Laundry on main level
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- Walk-In Closet
- 2 Full Bathrooms
- Bathtub
- Shower Only
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Outdoor Features
- Nearby Water Access
- River Nearby
- Deck
- Porch
Location
- Property is near public transit
- Property is near a golf course
- Suburban Location
Utilities
- No Cooling
- Heating System Uses Natural Gas
- High-Efficiency Furnace
- Baseboard Heating
- Hot Water Heating System
- Internet Available
Listing and Financial Details
- Tax Lot 088
- Assessor Parcel Number SPOR-000020-000000-000088
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $12,877
- Gross Income $66,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 1, 2025
Closed on
May 9, 2025
Sold by
Hegarty Rebecca
Bought by
Vining Stacie
Seller's Agent
Andrew Snyder
Portside Real Estate Group
Buyer's Agent
Christine Pemberton
Coldwell Banker Residential Brokerage
List Price
$850,000
Sold Price
$869,000
Premium/Discount to List
$19,000
2.24%
Views
12
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,128
Avg. Annual Appreciation
-1.43%
Purchase Details
Listed on
Jul 19, 2018
Closed on
Sep 12, 2018
Sold by
Peck Kimberly K and Peck Matthew F
Bought by
Hegarty Rebecca
Seller's Agent
Mike Bunting
Coldwell Banker Realty
Buyer's Agent
Andrew Snyder
Regency Real Estate, Inc.
List Price
$469,900
Sold Price
$460,000
Premium/Discount to List
-$9,900
-2.11%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.99%
Purchase Details
Closed on
Dec 28, 2010
Sold by
Rigby Storage Llc
Bought by
Peck Kimberly K and Peck Matthew F
Purchase Details
Closed on
Feb 9, 2010
Sold by
Hsbc Bank Usa Tr
Bought by
Rigby Storage Llc
Purchase Details
Closed on
Dec 18, 2009
Sold by
Larrabee Robin
Bought by
Hsbc Mortgage Svc Inc Tr
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $869,000 | None Available | |
| Warranty Deed | $869,000 | None Available | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Not Resolvable | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/15/2025 05/15/25 | Sold | $869,000 | +2.2% | $352 / Sq Ft |
| 04/17/2025 04/17/25 | Pending | -- | -- | -- |
| 04/01/2025 04/01/25 | For Sale | $850,000 | +84.8% | $345 / Sq Ft |
| 09/10/2018 09/10/18 | Sold | $460,000 | -2.1% | $186 / Sq Ft |
| 08/16/2018 08/16/18 | Pending | -- | -- | -- |
| 07/19/2018 07/19/18 | For Sale | $469,900 | -- | $190 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,057 | $610,400 | $166,300 | $444,100 |
| 2023 | $6,661 | $471,100 | $103,100 | $368,000 |
| 2022 | $6,447 | $414,300 | $82,500 | $331,800 |
| 2021 | $6,090 | $414,300 | $82,500 | $331,800 |
| 2020 | $5,518 | $279,400 | $72,700 | $206,700 |
| 2019 | $5,211 | $279,400 | $72,700 | $206,700 |
| 2018 | $5,064 | $279,400 | $72,700 | $206,700 |
| 2017 | $5,029 | $279,400 | $72,700 | $206,700 |
| 2016 | $4,945 | $279,400 | $72,700 | $206,700 |
| 2015 | $4,862 | $279,400 | $72,700 | $206,700 |
| 2014 | $4,778 | $279,400 | $72,700 | $206,700 |
| 2013 | -- | $279,400 | $72,700 | $206,700 |
Source: Public Records
Agents Affiliated with this Home
-
Andrew Snyder
-
C
Buyer's Agent in 2025
Christine Pemberton
Coldwell Banker Residential Brokerage
-
Mike Bunting
Seller's Agent in 2018
Mike Bunting
Coldwell Banker Realty
(207) 838-0912
68 Total Sales
Map
Source: Maine Listings
MLS Number: 1617609
APN: SPOR-000020-000000-000088
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
Homes.com, LLC, 17600 Laguna Canyon Rd Irvine, CA 92618 (888)-952-6393
Nearby Homes