South Portland, ME 04106 340 Ocean St Street
$940,000
Pending



94 more































































































Presented By: EXP Realty;
Home Details
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!
Presented By: EXP Realty;
Interior Features for 340 Ocean St Street
Bathrooms
Half Baths0
Total Baths3
Other Interior Features
Above Grade Finished Area3569.0
Air Conditioning Y/NNo
BasementFull, Doghouse
Basement (Y/N)No
Below Grade Finished Area0.0
FlooringWood, Vinyl
Heating Y/NYes
General for 340 Ocean St Street
Additional Parcels Y/NNo
Architectural StyleVictorian
Attached Garage No
Carport Y/NNo
CitySouth Portland
Construction MaterialsVinyl Siding, Wood Frame
CoolingNone
CountyCumberland
ElectricCircuit Breakers
Electric On Property Y/NNo
Full Baths3
Garage Y/NNo
Gross Income98400.0
HOANo
HeatingBaseboard
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet4791.6
Lot Size UnitsAcres
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total3
Operating Expense15533.0
Patio/Porch FeaturesDeck
Property TypeMulti-Family
Rent Control Y/NNo
RoofShingle
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusPending
StatusPending
Tax Annual Amount7904.0
Tax Lot98
Tax Year2024
UtilitiesUtilities On
Virtual TourClick here
Year Built1925
ZoningOS
Exterior for 340 Ocean St Street
Building Area Total3569.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSidewalks, Intown, Near Shopping
Lot Size Acres0.11
Lot Size Area0.11
Lot Size SourcePublic Records
Open Parking Y/NNo
Parking Features5 - 10 Spaces, Paved
SpaNo
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History

Linda Dupuis
Broker