South Portland, ME 04106,340 Ocean St ST
South Portland, ME 04106,340 Ocean St ST
South Portland, ME 04106,340 Ocean St ST
Listed by EXP Realty
Bought with Hearth & Key Realty
$950,000
$940,000
1.1%
Est.Price: ?

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3 Baths
3,569 SqFt
SOLD DATE : 07/09/2025

Key Details

Sold Price $950,000

Property Type Multi-Family

Listing Status Sold

Square Footage 3,569 sqft

MLS Listing ID 1621624

Style Victorian

Full Baths 3

Year Built 1925

Annual Tax Amount $7,904

Tax Year 2024

Lot Size 4,791 Sqft

Property Description

Discover a prime investment opportunity. This charming multi-family property features three spacious units, each with three bedrooms and one bathroom. Recent enhancements, including a roof replacement five years ago and various updates throughout, ensure the building's longevity and appeal. Each unit operates independently with separate electric meters and individual boilers, promoting tenant autonomy and streamlined management. The property boasts coin-operated laundry machines and generous side parking, adding convenience for residents. Financially, it stands out with high-producing gross monthly rents and low expenses, making it an attractive addition to any investment portfolio. Situated in a vibrant South Portland neighborhood, tenants benefit from proximity to Mill Creek Park, Bug Light Park, and the scenic Greenbelt Walkway, offering a blend of urban living and natural beauty. This property not only promises immediate returns but also long-term value in a sought-after location. Open Showing May 17th from 10am - Noon. IF NO VIDEO LINK IS AVAILABLE, INQUIRE TO RECEIVE ONE!

Location

State ME

County Cumberland

Zoning OS

Interior

Heating Baseboard

Cooling None

Flooring Wood, Vinyl

Exterior

Parking Features 5 - 10 Spaces, Paved

Utilities Available 1

View Y/N No

Roof Type Shingle

Building

Lot Description Sidewalks, Intown, Near Shopping

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding,Wood Frame

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Maine MLS (MREIS) IDX
Monet Yarnell

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