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    311 Ocean St South Portland, ME 04106

    For Sale
    $895,000

    MULTI_FAMILY - Other - South Portland, ME

    Property size:
    3,996 SF
    Lot size:
    0.84 Acres
    Days on Market:
    8
    Last Refresh:
    Dec 13 at 8:06 am

    Property Features for 311 Ocean St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-AA
    Rooms
    Bathroom 4, Bathroom 1, Bathroom 3, Basement, Bathroom 2
    Patio and Porch features
    Porch
    Pets allowed
    No
    Interior features
    1st Floor Bedroom, Bathtub, Pantry, Shower, Storage
    Fencing
    Fenced
    Basement
    Full, Unfinished
    Size
    3,996 SF
    Lot size
    0.84 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Zoned, Other (Heating), Steam
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    3
    Number of units
    4
    Flooring type
    Carpet, Wood
    Building materials
    Wood Siding, Shingle Siding, Clapboard, Wood Frame
    Roof type
    Shingle, Fiberglass, Composition
    Architectural style
    Other
    Additional Structures
    Storage

    EXP REALTY LLC (856) 207-1951 [email protected]

    Listing agent Melissa Rioux (888) 439-8743

    Listing date Dec 6, 2025

    MLS# 1643403 Listing URL

    Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    South Portland Multifamily with Business Suite

    Located in South Portland, this property offers versatility for investors, multi-generational living, or a home-based business. Built in 1900, the property blends Colonial Revival character with period details, including woodwork, hardwood floors, stained-glass accents, built-ins, and high ceilings. The property includes three residential units: a first-floor three-bedroom unit and two upper-level two-bedroom units. There is also a dedicated home-occupancy suite, previously used as a pet-grooming business, suitable for a salon, studio, or office. Features include a fireplace and a wrap-around enclosed porch. An attached barn with a loft and one-car garage provides storage or workshop space, with potential for in-law/ADU conversion. The property is set on a 0.84-acre corner lot with mature trees, gardens, and a stream. There may be potential for a buildable lot. The property is located minutes from Downtown Portland, Willard Beach, Bug Light Park, Spring Point Lighthouse, and Southern Maine Community College, with access to Portland International Jetport, Casco Bay Ferry Lines, and South Portland schools. The property offers the opportunity to live, work, and invest in one location. The property size is 3,996 square feet.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.251863
    Latitude
    43.631086

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    FAQs

    What type of property is this?
    Quadplex - Four units, including business suite, on large landscaped lot.
    Where is this quadplex located?
    The property is located at 311 Ocean St South Portland, ME.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: - Prime South Portland location near Downtown Portland, Willard Beach, Bug Light Park, offering coastal Maine living.; - Versatile 4-unit property ideal for investors or multi-generational living, featuring three residential units.; - Large .84-acre corner lot with mature trees, gardens, and a tranquil stream.
    (888) 439-8743
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    311 Ocean St South Portland, ME 04106
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    311 Ocean St South Portland, ME 04106
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