Corner Residential Development
For Sale
$3,000,000
198 / 21 /Oxford / Cedar Street, Portland, ME 04101
COMMERCIAL - Portland, ME
Property Size11,417 SF
Lot Size0.26 Acres
Price / SF$262.77
Days on Market85
Property Features for 198 / 21 /Oxford / Cedar Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RN-4
Rooms
Basement
Basement
Unfinished, Full
Lot features
Near Turnpike/ Interstate, Downtown
Standard status
Active
Size
11,417 SF
Lot size
0.26 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating), Zoned, Baseboard
Water source
Public
Building Details
Flooring type
Wood, Tile, Vinyl
Building materials
Wood Frame, Vinyl Siding, Wood Siding
Roof type
Shingle
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Michael Hamilton · License #BA922188
(207) 570-8998
Added: May 13
Changed: Aug 4
Last Checked: Aug 5 at 11:06PM
MLS# 1659879
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The offering consists of four continuous residential lots located on a corner. The property is zoned RN-4 and totals approximately 0.26 acres, or about 11,417 square feet, across the combined parcels.
The sites are positioned at the corner of Cedar and Oxford, with the lots described as contiguous. The listing notes the property has been desktop underwritten for approximately 40 units, providing a starting point for a buyer’s planning and feasibility review.
This assemblage is suited for developers and investors evaluating residential infill or multi-unit redevelopment opportunities within the RN-4 zoning framework. Buyers should review the RN-4 requirements and confirm development assumptions and feasibility in coordination with local approvals, using the provided desktop underwriting figure as an initial benchmark.
The sites are positioned at the corner of Cedar and Oxford, with the lots described as contiguous. The listing notes the property has been desktop underwritten for approximately 40 units, providing a starting point for a buyer’s planning and feasibility review.
This assemblage is suited for developers and investors evaluating residential infill or multi-unit redevelopment opportunities within the RN-4 zoning framework. Buyers should review the RN-4 requirements and confirm development assumptions and feasibility in coordination with local approvals, using the provided desktop underwriting figure as an initial benchmark.
Key Highlights
- 4 continuous lots on the corner of Cedar and Oxford
- Zoned RN‑4
- Desktop underwritten for around 40 units
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,974
Businesses Nearby
Explore this area
Business Placement
Demographics for 04101, ME
18,109
Population
11,510
Households
1.6
Avg Household Size
36
Median Age
57%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
9,055
Density / Sq Mi
$60,726
Median Household Income
$45,009
Median Earnings
$1,457
Median Rent
$600,600
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Four contiguous corner lots in an RN-4 zone, offered for development with an underwritten capacity of about 40 units.
Where is this residential land & home lot located?
The property is located at 198 / 21 /Oxford / Cedar Street Portland, ME.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 4 continuous lots on the corner of Cedar and Oxford; Zoned RN‑4; Desktop underwritten for around 40 units
