60 Ocean St - Multi-Family FOR SALE


Portland, ME 04106
$849,000 USD
207-775-0248
60 Ocean St, Portland, ME for Sale
$849,000 USD
Multi-Family - FOR SALE
1/1
null | Request Cap Rate

60 Ocean St
Portland, ME 04106


OVERVIEW

Sun-filled, fully updated, and exceptionally well executed, this rare high-quality two-family offers an outstanding alternative to both single-family living and condominium ownership. Located just outside Portland's vibrant Woodfords Corner neighborhood, the property is move-in ready and within walking distance to shops, restaurants, boutiques, Back Cove, and directly adjacent to Heseltine Park. The owner's unit features a private entrance and townhouse-style layout with two bedrooms, two full baths, two living rooms, an office, and a private rear deck overlooking the expansive yard. A separate lower-level one-bedroom unit provides excellent flexibility for rental income, guests, or multigenerational living. Both units include in-unit laundry and efficient mini-split heat pumps providing heating and air conditioning. The property has been extensively and thoughtfully rehabilitated, with major improvements including roof replacement, exterior painting, and comprehensive interior updates. Each unit offers a rare level of high-end fit and finish while preserving original period charm. Set on an incredibly uncommon third-of-an-acre lot for this location, the outdoor space is truly special--ideal for entertaining, gardening, gatherings around the fire pit, or even keeping chickens. Raised garden beds and generous green space create a sense of privacy and possibility rarely found so close to town. With off-street parking, exceptional outdoor space (raised garden beds, fire pit, room for 1-2 ADUs, abutting Heseltine Park...), and a flexible layout, this is a perfect owner-occupied or mixed-generation property offering an easy lock-and-leave lifestyle. Rare, refined, and lifestyle-driven, this is multi-unit living without compromise. NOTE - both tenants are at will, and after closing, a buyer could provide notice. Portland requires 90 days' notice to vacate, which can be shortened to 30-60 days with payment.

FOR SALE DETAILS

PRICE

$849,000 USD

PRICE/SF

$320 USD /SF

# OF UNITS

2

PRICE/UNIT

$424,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1880

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Tom LandryBenchmark Real EstateMore Info
207-775-0248

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Tom LandryBenchmark Real EstateMore Info
207-775-0248

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.