South Portland, ME 04106 347 Ocean Street
$850,000



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Presented By: Portside Real Estate Group;
Home Details
Welcome to 347 Ocean Street - A Turn-Key Gem in South Portland!
This impeccably maintained 2-unit property is your golden opportunity to own a versatile, move-in-ready home in one of South Portland's most convenient and desirable locations. Whether you're looking to live in one unit and rent the other, or seeking a smart investment with strong rental potential, this property checks every box.
Both spacious apartments have been thoughtfully upgraded with gleaming hardwood floors, stunning cherry cabinetry, granite countertops, and sleek stainless steel appliances. Each unit includes its own in-unit washer and dryer for maximum convenience. Modern living meets high efficiency with individual Navien natural gas boilers, just four years old, delivering both heat and hot water with exceptional energy savings.
The 3-bedroom unit is perfect for an owner-occupant seeking space and style, while the already-leased 2-bedroom unit offers instant income. A roomy side yard with raised garden beds offers space for outdoor enjoyment, and the one-car garage with an additional workshop/storage room is a rare and valuable bonus.
Enjoy a short stroll to Mill Creek's shops and restaurants, easy access to the Greenbelt Trail, Bug Light Park, and nearby Willard Beach. Best of all, Portland's vibrant Old Port is less than 10 minutes away!
Don't miss your chance to own this beautifully updated, income-producing property in the heart of South Portland!
Presented By: Portside Real Estate Group;
Interior Features for 347 Ocean Street
Bathrooms
Half Baths0
Total Baths2
Other Interior Features
Above Grade Finished Area2467.0
Air Conditioning Y/NNo
BasementWalk-Out Access, Full, Exterior Only, Unfinished
Basement (Y/N)No
Below Grade Finished Area0.0
Fireplace Y/NNo
FlooringWood, Tile, Carpet
Heating Y/NYes
Interior AmenitiesWalk-in Closets, Bathtub, Pantry, Shower
Laundry FeaturesLaundry - 1st Floor, Upper Level, Main Level
Total Fireplaces
Total Stories3
General for 347 Ocean Street
Additional Parcels Y/NNo
Architectural StyleColonial
Attached Garage No
Carport Y/NNo
CitySouth Portland
Construction MaterialsAsbestos, Wood Frame
CoolingNone
CountyCumberland
ElectricCircuit Breakers
Electric On Property Y/NNo
Energy Efficient90% Efficient Furnace
Full Baths2
Garage Spaces1.0
Garage Y/NYes
Gross Income66000.0
HOANo
HeatingHot Water, Baseboard
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet25700.4
Lot Size UnitsAcres
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total2
Occupancy TypeOwner
Operating Expense12877.0
Patio/Porch FeaturesDeck, Porch
Property TypeMulti-Family
Property_sp_Information_co_Owner_sp_OccupiedYes
Rent Control Y/NNo
RoofShingle
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive Under Contract
StatusActive Under Contract
Stories3
Tax Annual Amount8057.0
Tax Lot088
Tax Year2024
UtilitiesUtilities On
Waterfront Y/NNo
Year Built1900
ZoningRes AA
Exterior for 347 Ocean Street
Building Area Total2467.0
Crops Included Y/NNo
Foundation DetailsBlock
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesRolling/Sloping, Open, Sidewalks, Near Golf Course, Near Public Beach, Near Shopping, Near Town, Suburban, Near Public Transit, Near Railroad
Lot Size Acres0.59
Lot Size Area0.59
Lot Size SourcePublic Records
Open Parking Y/NNo
Other EquipmentInternet Access Available
Parking Features1 - 4 Spaces, Paved, On Site, Detached
Road Surface TypePaved
SpaNo
Water SourcePublic
Additional Details
Price History

Dustin Mallar
Broker