124 Ocean Avenue, Portland, ME 04103

$795,000
Property Type: Multi-Family Baths: 3 Square Footage: 2,458 Lot Size (sq. ft.): 19,602 Status: Active
Current Price: $795,000 List Date: 3/05/2026 Last Modified: 3/06/2026

Description

Step into this classic 1826 home, beautifully set back from Ocean Avenue and surrounded by beautiful spring, summer, and fall gardens. Rich with character and history, this property offers a rare opportunity to own a piece of the past while bringing your own vision for thoughtful updates throughout. The home features a new high-efficiency boiler that heats the main house, along with the option to use a traditional wood/coal stove in the kitchen for supplemental warmth. An at-will tenant provides steady monthly income, offering flexibility for investors or owner-occupants alike. Recently pre-inspected for the buyer's convenience, the property has also been surveyed for three possible lots--presenting exciting potential for future expansion or investment. Ideally located close to Ocean Avenue Elementary School, popular local dining spots such as Tipo, Bayou Kitchen and neighborhood favorite Sammy's Scoops, you'll enjoy both tranquility and accessibility in one desirable setting. Enjoy the added benefit of being within walking distance to numerous nearby trails, perfect for hiking, biking, and exploring the outdoors. Whether you're seeking a charming primary residence or an investment opportunity, this historic home invites you to imagine the possibilities. Located on the corner of Ocean Avenue and Mayland Street.

Supplements: ********

More Information MLS# 1653435

Location Information

Book: 12424 Leased Land: No Page: 182 Map: 138 Block: D Lot: 15 Zoning Overlay: Unknown Association: No Tree Growth Y/N: No Street #: 124 Street Name: Ocean Street Type: Avenue County: Cumberland Town: Portland State/Province: ME Zip Code: 04103 Zip +4: 5726 Zoning: RN-3 Neighborhood Association: Back Cove Full Tax Amount $: 7500 Tax Year: 2024 Geo Lat: 43.676004 Geo Lon: -70.282955

Property Information

Surveyed: Yes Seasonal: No Owner Occupied: Yes Number of Units: 2 Deed/Conveyance Type Offered: Warranty Lot Size Acres +/-: 0.45 Total Baths: 3 Total Half Baths: 1 Color: Teal SqFt Finished Above Grade: 2458 SqFt Finished Below Grade: 0 SqFt Source: Public Records Garage: No Garage Spaces: 0 Total Full Baths: 2 Year Built: 1826 SqFt Finished Total: 2458 Source of Acreage: Public Records

Site

Corner Lot: 1 Well Landscaped: 1

Location

Near Shopping: 1 Near Town: 1 Neighborhood: 1

Roads

Paved: 1 Public: 1

Water Info

Water Frontage: No Water View: No

Style

New Englander: 1

Construction

Wood Frame: 1

Basement

Full: 1 Sump Pump: 1 Unfinished: 1 Walk-Out Access: 1

Exterior

Wood Siding: 1

Roof

Membrane: 1 Shingle: 1

Heat System

Coal Stove: 1 Hot Water: 1 Radiator: 1 Space Heater: 1 Wood Stove: 1

Building Info

# Fireplaces: 3 # Stories: 2 # Floors: 2 # Heating Units: 2 # Water Heaters: 1

Heat Fuel

Coal: 1 Gas Natural: 1 Propane: 1 Wood: 1

Income & Expenses

Gross Income: 0 Operating Expenses: 0

Cooling

None: 1

Floors

Carpet: 1 Linoleum: 1 Wood: 1

Units

# of 1 BD Units: 1 # of 3 BD Units: 1

Parking

1 - 4 Spaces: 1 On Site: 1

Unit 1

Lease: No Level: First Security Deposit: No Monthly Rent: 0 # Full Baths: 1 # of Half Baths: 1 # of Rooms: 6 # of Bedrooms: 3 Dedicated Electric Meter: No Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Electric

Circuit Breakers: 1

Unit 2

Lease: No Level: Second Security Deposit: No Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Gas

Bottled: 1 Natural - On Site: 1

Sewer

Public Sewer: 1

Water

Public: 1

Driveway

Other: 1

Basement Entry

Interior: 1

Water Heater

Electric: 1

Amenities

1st Floor Bedroom: 1 Bathtub: 1 Shower: 1

Patio and Porch Features

Deck: 1 Porch: 1

Equipment

Internet Access Available: 1

Vehicle Storage

No Vehicle Storage: 1

Contract Information

Status: Active Original List Price: 795000 List Price: $795,000 Current Price: $795,000

Property Features

Site: Corner Lot; Well Landscaped Location: Near Shopping; Near Town; Neighborhood Roads: Paved; Public Style: New Englander Construction: Wood Frame Basement: Full; Sump Pump; Unfinished; Walk-Out Access Basement Entry: Interior Exterior: Wood Siding Roof: Membrane; Shingle Heat System: Coal Stove; Hot Water; Radiator; Space Heater; Wood Stove Heat Fuel: Coal; Gas Natural; Propane; Wood Water Heater: Electric Cooling: None Floors: Carpet; Linoleum; Wood Amenities: 1st Floor Bedroom; Bathtub; Shower Patio and Porch Features: Deck; Porch Equipment: Internet Access Available Driveway: Other Parking: 1 - 4 Spaces; On Site Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Bottled; Natural - On Site Sewer: Public Sewer Water: Public
Listing Office: RE/MAX Shoreline
IDX
Last Updated: March - 06 - 2026
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