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$740,000
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Property Description
Step into this classic 1826 home, beautifully set back from Ocean Avenue and surrounded by beautiful spring, summer, and fall gardens. Rich with character and history, this property offers a rare opportunity to own a piece of the past while bringing your own vision for thoughtful updates throughout. The home features a new high-efficiency boiler that heats the main house, along with the option to use a traditional wood/coal stove in the kitchen for supplemental warmth. An at-will tenant provides steady monthly income, offering flexibility for investors or owner-occupants alike. Recently pre-inspected for the buyer's convenience, the property has also been surveyed for three possible lots--presenting exciting potential for future expansion or investment. Ideally located close to Ocean Avenue Elementary, popular local dining spots such as Tipo, Bayou Kitchen and neighborhood favorite Sammy's Scoops, you'll enjoy both tranquility and accessibility in one desirable setting. Enjoy the added benefit of being within walking distance to numerous nearby trails, perfect for hiking, biking, and exploring the outdoors. Whether you're seeking a charming primary residence or an investment opportunity, this historic home invites you to imagine the possibilities. Located on the corner of Ocean Avenue and Mayland Street.
Full Property Details
Full Property Details for 124 Ocean Ave
General
- Sold For: $740,000
- Taxes: $7,500 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MREIS
- MLS ID: 1653435
- Added to Site: 113 day(s) ago
Interior
- Interior Features: 1st Floor Bedroom, Bathtub, Shower
- Fireplace: Yes
- Number of Fireplaces: 3
- Flooring: Carpet, Wood, Linoleum
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Additional Information
- Equipment: Internet Access Available
Exterior
- Porch/Patio/Deck: Deck, Porch
Parking
- Parking Features: Other, 1 - 4 Spaces, On-Site Parking
Location
- County: Cumberland
- Subdivision: Back Cove
Heating & Cooling
- Cooling Type: None
- Heating Type: Coal, Gas Natural, Propane, Wood, Hot Water, Radiator, Space Heater, Coal Stove, Wood Stove
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: New Englander
- Construction: Wood Frame, Wood Siding
- Basement: Yes
- Basement Desc.: Interior Entry, Walk-Out Access, Full, Sump Pump, Unfinished
- Roof: Membrane, Shingle
- Stories/Levels: 2
- Square Feet: 2,458
- Finished Total: 2,458 Sq. Ft.
- Finished Above Grnd: 2,458 Sq. Ft.
- Year Built: 1826
Lot Features
- Lot Size (Acres): 0.45
- Lot Size (Sq. Ft.): 19,602
- Zoning: RN-3
- Lot Description: Near Shopping, Near Town, Neighborhood, Corner Lot, Landscaped
Financial Considerations
- Tax Amount: $7,500
- Tax Year: 2024
Disclosures and Reports
- Block: D
- Lot Number: 15
Listed and Sold by RE/MAX Shoreline (207) 553-7500
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Schools
Schools serving 124 Ocean Ave
School District:Portland
| Name | Grades | Distance |
|---|---|---|
Ocean Avenue 150 Ocean Avenue, Portland, ME 04103 | K-5 | 0.1 mi |
Howard C Reiche Community School 166 Brackett Street, Portland, ME 04102 | K-5 | 1.9 mi |
Lyman Moore Middle School 171 Auburn Street, Portland, ME 04103 | 6-8 | 2.1 mi |
Deering High School 370 Stevens Avenue, Portland, ME 04103 | 9-12 | 0.7 mi |
Casco Bay High School 196 Allen Avenue, Portland, ME 04103 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 124 Ocean Ave
Date
Details
Price
Change
Source
6/18/2026
Sold
$740,000
-6.92%
MLS
3/05/2026
Listed
$795,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
124 Ocean Avenue, Portland, ME 04103 (MLS# 1653435) is a Multi-Family property that was sold at $740,000 on June 18, 2026. Want to learn more about 124 Ocean Avenue? Do you have questions about finding other Multi-Family real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

