$715,000
$85K PRICE DROP

Estimated payment $4,630/month

Total Views 5,661
-- Bed
3 Baths
3,653 Sq Ft
$196 Price per Sq Ft

Highlights

  • Nearby Water Access
  • Colonial Architecture
  • No HOA
  • 0.13 Acre Lot
  • Wood Flooring
  • Porch

About This Home

Be part of Bayside's exciting transformation—one of Portland's fastest redeveloping neighborhoods. This spacious, move-in ready duplex sits in the heart of the Peninsula within the dynamic B2b business zone, offering both immediate cash flow and long-term upside. The detached garage includes a workshop—pefect for a creative or trade business—and off-street parking adds daily convenience. City-assessed at $823,000, this duplex represents a strategic opportunity for both homeowners and investors. Just steps to Bayside Bowl and minutes to Trader Joe's, Whole Foods, the Old Port, and the Arts District—this location has a Walk Score of 98. The seller paid for an inspection and has been addressing issues in the summary of concerns. The inspection report is available upon request. This duplex is currently financed with an FHA loan and should be able to be financed with any type of mortgage. Unit #50 features 4 bedrooms, 2 bathrooms and generous living space, while Unit #48 offers 3 bedrooms with approximately 455 sq ft of additional unheated bonus space—perfect for future expansion with added heat and finish (with permits). There's even potential to improve Unit #48 into a 4-bedroom, 2-bath apartment by adding a first-floor primary with ensuite bathroom. Based on floor plan measurements, the gross living area is significantly larger than tax records reflect—approximately 3,936 sq ft total (1,354 in #48 and 2,582 in #50). With permits, there may also be potential to add a third unit within the existing footprint. The property sits on a 6,076 sq ft lot in the B2b zone, which allows for medium-scale mixed-use and multifamily development. Zoning permits up to 13 residential units by right (buyer to verify with the city).

Listing Agent

David Marshall

EXP Realty Listed on: 07/17/2025

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,848

Year Built

  • Built in 1850

Lot Details

  • 5,663 Sq Ft Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Duplex
  • Colonial Architecture
  • Brick Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vertical Siding

Interior Spaces

  • 3 Full Bathrooms
  • 3,653 Sq Ft Home
  • Multi-Level Property
  • Laundry on main level

Flooring

  • Wood
  • Carpet
  • Linoleum
  • Tile

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Nearby Water Access
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater

Additional Features

  • Green Energy Fireplace or Wood Stove
  • City Lot

Listing and Financial Details

  • Tax Lot 16+17
  • Assessor Parcel Number PTLD-000033-C000016-000001

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $16,000
  • Gross Income $78,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,848

Year Built

Built in 1850

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Road Surface Type: Paved
  • MLS Status: Active
  • Directions: GPS
  • Above Grade Finished Sq Ft: 3653.0
  • Architectural Style: Colonial
  • Garage Yn: Yes
  • Unit Levels: Multi-Level
  • Structure Type: Duplex
  • Year Built: 1850
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.13
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3653.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 2.0
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Income Expenses Gross Income: 78000.0
  • Income Expenses Operating Expenses: 16000.0
  • Style:Colonial: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Gas:Natural - At Street: Yes
  • Recreational Water:Nearby: Yes
  • Exterior:Vertical Siding: Yes
  • Levels:Multi-Level3: Yes
  • Structure Type:Duplex3: Yes
  • Heat System Wood Stove: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Interior, Full, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Tile, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Intown
  • Waterfront: No
  • Construction Type: Vertical Siding, Wood Frame
  • Foundation Details: Brick/Mortar
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 1 - 4 Spaces, Paved

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wood Stove, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Schools

  • Junior High Dist: Portland Public Schools

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5662.8
  • Parcel #: PTLD-000033-C000016-000001
  • Zoning: B2b

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 78000.0
  • Annual Operating Expense: 16000.0

Tax Info

  • Tax Annual Amount: 9848.0
  • Tax Book Number: 27606
  • Tax Lot: 16+17
  • Tax Map Number: 33C
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $9,848 $656,100 $145,600 $510,500
2023 $9,454 $656,100 $145,600 $510,500
2022 $8,930 $656,100 $145,600 $510,500
2021 $8,523 $656,100 $145,600 $510,500
2020 $5,471 $234,700 $68,800 $165,900
2019 $5,471 $234,700 $68,800 $165,900
2018 $5,276 $234,700 $68,800 $165,900
2017 $5,081 $234,700 $68,800 $165,900
2016 $4,955 $234,700 $68,800 $165,900
2015 $4,842 $234,700 $68,800 $165,900
2014 $4,694 $234,700 $68,800 $165,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2025 09/02/25 Price Changed $715,000 -3.4% $196 / Sq Ft
08/28/2025 08/28/25 Price Changed $740,000 -1.3% $203 / Sq Ft
08/14/2025 08/14/25 Price Changed $750,000 -4.5% $205 / Sq Ft
07/30/2025 07/30/25 Price Changed $785,000 -1.9% $215 / Sq Ft
07/17/2025 07/17/25 For Sale $800,000 -- $219 / Sq Ft
Source: Maine Listings

Mortgage History

Date Status Loan Amount Loan Type
Closed $336,000 Stand Alone Refi Refinance Of Original Loan
Closed $130,000 Unknown
Source: Public Records

Source: Maine Listings

MLS Number: 1630079

Maine Listings

APN: PTLD-000033-000000-C016001