103 Read Street, Portland, ME 04103 (MLS# 1677063)

103 Read Street, Portland, ME 04103

New Listing

$1,500,000

Property Type: Land Lot Size (sq. ft.): 61,420 Status: Active

Current Price: $1,500,000 List Date: 8/20/2026 Last Modified: 8/20/2026

Overview

Description

103 Read Street presents a substantial 1.41 acre offering in Portland, combining an existing three unit property with three additional vacant lots and compelling long term potential. The existing multi-family includes three residential units, while the additional acreage creates an opportunity to explore a range of future uses or development possibilities. A conceptual development plan explores the potential of an 8-16 unit Cottage Court community, subject to municipal review and approvals. The location offers convenient access to Back Cove, Baxter Boulevard, Payson Park, USM, downtown Portland, public transportation, and major commuter routes. With significant acreage in an established Portland neighborhood, 103 Read Street offers an intriguing opportunity for an investor, developer, or buyer looking to take a longer term approach to the property. Property is being sold as-is.

Listing Details MLS# 1677063

Location Information

Street #: 103
Street Name: Read
Street Type: Street
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04103
Zip +4: 3484
Book: 04398, 40819, 26106
Page: 100 165, 61
Map: 141, 155
Block: J, D
Lot: 14, 3, 28
Zoning: RN1
Zoning Overlay: Unknown
Association: No
Full Tax Amount $: 12561
Tax Year: 2025
Tree Growth Y/N: No

Contract Information

Original List Price: 1500000
List Price/Acre: 1063829.79

Property Information

Surveyed: Yes
Seasonal: No
Deed Type Offered: Warranty
Deed: All
Mobile Homes Allowed: No
Lot Size Acres +/-: 1.41
Source of Acreage: Seller
Acreage Other Source: Public Records

Water Info

Water Frontage: No
Water View: No

Site

Level: Yes
Sidewalks: Yes
Wooded: Yes

Location

Near Public Beach: Yes
Near Shopping: Yes
Near Town: Yes
Near Turnpike/Interstate: Yes
Neighborhood: Yes

More Information

Development Status

Other: Yes
Proposed: Yes
Raw Land: Yes

Roads

Paved: Yes
Public: Yes

Transportation

Major Road Access: Yes
Public Transport Access: Yes

Recreational Water

Nearby: Yes
Public: Yes

View

Trees/Woods: Yes

Parking

5 - 10 Spaces: Yes
On Site: Yes
On Street: Yes

Electric

Circuit Breakers: Yes

Gas

Natural - On Site: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Driveway

Paved: Yes

Property Features

Site: Level; Sidewalks; Wooded Location: Near Public Beach; Near Shopping; Near Town; Near Turnpike/Interstate; Neighborhood Development Status: Other; Proposed; Raw Land Roads: Paved; Public Transportation: Major Road Access; Public Transport Access Recreational Water: Nearby; Public View: Trees/Woods Driveway: Paved Parking: 5 - 10 Spaces; On Site; On Street Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public

Documents

Survey With Development Design ›

Survey With Development Design 2 ›

Arsenic Wood ›

Lead Paint ›

Property Disclosure ›

Listing Office: RE/MAX By The Bay

Last Updated: August - 20 - 2026

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