103 Read Street, Portland, ME 04103

$1,500,000
Property Type: Multi-Family Baths: 3 Square Footage: 3,971 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# 1677065

Location Information

Street #
103
Street Name
Read
Street Type
Street
County
Cumberland
Town
Portland
State/Province
ME
Zip Code
04103
Zip +4
3484
Leased Land
No
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

Property Information

Surveyed
Unknown
Seasonal
No
Deed/Conveyance Type Offered
Warranty
Deed
All
Number of Units
3
Total Baths
3
Total Full Baths
3
Color
White
Year Built
1860
SqFt Finished Above Grade
3971
SqFt Finished Total
3971
SqFt Source
Public Records
Garage
Yes
Garage Spaces
Yes
Lot Size Acres +/-
1.41
Source of Acreage
Survey
Acreage Other Source
Public Records

Water Info

Waterfront
No
Water View
No

Units

# of 1 BD Units
2
# of 2 BD Units
Yes

Unit 1

Lease
No
Level
First
Security Deposit
No
# Full Baths
Yes
# of Rooms
4
# of Bedrooms
2
Dedicated Electric Meter
No
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
Yes
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

More Information

Unit 2

Lease
No
Level
Second
Security Deposit
No
# Full Baths
Yes
# of Rooms
3
# of Bedrooms
Yes
Dedicated Electric Meter
No
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
Yes
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 3

Lease
No
Level
Second
Security Deposit
No
# Full Baths
Yes
# of Rooms
3
# of Bedrooms
Yes
Dedicated Electric Meter
No
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
Yes
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Property Features

Site: Level; Sidewalks; Wooded Location: Near Public Beach; Near Shopping; Near Town; Near Turnpike/Interstate; Neighborhood Roads: Paved; Public Transportation: Major Road Access; Public Transport Access Recreational Water: Nearby; Public View: Trees/Woods Style: Other Levels: Multi-Level Construction: Wood Frame Basement: Full; Unfinished Basement Entry: Interior Exterior: Clapboard; Vinyl Siding Roof: Metal; Shingle Heat System: Direct Vent Furnace; Forced Air Heat Fuel: Gas Natural Water Heater: Tankless Cooling: None Floors: Tile; Wood Patio and Porch Features: Deck; Porch Equipment: Cable; Internet Access Available Driveway: Paved Parking: 5 - 10 Spaces; On Site; On Street Vehicle Storage: 1 Car; Detached Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public

Documents

IDX
Listing Office: RE/MAX By The Bay
Last Updated: August - 20 - 2026
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
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