103 Read Street, Portland, ME 04103 (MLS# 1677065)

103 Read Street, Portland, ME 04103

New Listing

$1,500,000

Property Lines with Cottage Court Design Plan

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
Total Half Baths: 0
SqFt Finished Below Grade: 0

Water Info

Water Frontage: 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
Monthly Rent: 0

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
Monthly Rent: 0

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
Monthly Rent: 0

Levels

Multi-Level: Yes

Site

Level: Yes
Sidewalks: Yes
Wooded: Yes

Location

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

Roads

Paved: Yes
Public: Yes

Transportation

Major Road Access: Yes
Public Transport Access: Yes

Recreational Water

Nearby: Yes
Public: Yes

Style

Other: Yes

Construction

Wood Frame: Yes

Basement

Full: Yes
Unfinished: Yes

View

Trees/Woods: Yes

Exterior

Clapboard: Yes
Vinyl Siding: Yes

Roof

Metal: Yes
Shingle: Yes

Heat System

Direct Vent Furnace: Yes
Forced Air: Yes

Heat Fuel

Gas Natural: Yes

Income & Expenses

Gross Income: 0
Operating Expenses: 0

Cooling

None: Yes

Floors

Tile: Yes
Wood: 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

Basement Entry

Interior: Yes

Water Heater

Tankless: Yes

Patio and Porch Features

Deck: Yes
Porch: Yes

Equipment

Cable: Yes
Internet Access Available: Yes

Vehicle Storage

1 Car: Yes
Detached: 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

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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