Date
Details
Price
Change
Source
7/24/2026
Listed
$775,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$775,000 Just Listed
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Property Description
135 Ocean Street -- Prime investment in Knightville. This well-maintained mixed-use building on one of South Portland's most sought-after blocks presents a rare opportunity for stable income and long-term growth. The property includes two residential units and a first-floor commercial space, all currently occupied by long-term tenants. The commercial tenant operates a medical cannabis business and has been in place for seven years, providing a dependable anchor for the building. Located in the heart of the neighborhood's activity and close to transit, shops and services, this property is an attractive option for an investor seeking steady cash flow and future upside.
Full Property Details
Full Property Details for 135 Ocean St
General
- Price: $775,000
- Taxes: $7,223 (2026)
- Status: Active
- Type: Commercial
- Source: MREIS
- MLS ID: 1673464
- Updated: 7/24/2026
- Added to Site: 1 day(s) ago
Business
- Business Type: Retail
Interior
- Flooring: Tile, Wood
Parking
- Parking Features: 5 - 10 Spaces, On-Site Parking, Paved, Off Street
Location
- County: Cumberland
Heating & Cooling
- Cooling Type: None
- Heating Type: Gas Natural, Direct Vent Heater
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Wood Frame, Vinyl Siding
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Roof: Flat, Membrane
- Stories/Levels: 3
- Square Feet: 2,583
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.11
- Lot Size (Sq. Ft.): 4,791.6
- Zoning: VC
- Lot Description: Business District, Near Shopping
Financial Considerations
- Operating Expenses: $14,967
- Tax Amount: $7,223
- Tax Year: 2026
Disclosures and Reports
- Lot Number: 4
Listed by Portside Real Estate Group (207) 619-7571
We Value Your Privacy
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We Value Your Privacy
Listing agent
— 135 Ocean St —
Portside Real Estate Group
207-619-7571
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 135 Ocean St
School District:South Portland
| Name | Grades | Distance |
|---|---|---|
Daniel F. Mahoney Middle School 240 Ocean Street, South Portland, ME 04106 | 6-8 | 0.3 mi |
Frank I Brown Elementary School 37 Highland Avenue, South Portland, ME 04106 | K-5 | 0.3 mi |
South Portland High School 637 Highland Avenue, South Portland, ME 04106 | 9-12 | 1.3 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 135 Ocean St
Tax History
Tax History for 135 Ocean St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,740
3%
$493,800
—
2024
$6,518
12%
$493,800
20%
2023
$5,806
3%
$410,600
13%
2022
$5,634
6%
$362,100
—
2021
$5,323
—
$362,100
40%
2021
$5,323
8%
$259,200
—
2019
$4,951
3%
$259,200
—
2018
$4,812
3%
$260,100
—
2017
$4,682
4%
$260,100
3%
2016
$4,487
2%
$253,500
—
2015
$4,411
2%
$253,500
—
2014
$4,335
2%
$253,500
—
2013
$4,233
—
$253,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 135 Ocean St
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- Multi-Family
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- Condo
- Closed
- 2Beds
- 2Total Baths
- 1,554Sq. Ft.
Listed by Benchmark Real Estate
Sold by Breakwater Realty Group, LLC
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- 4Beds
- 4Total Baths
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- Closed
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- Duplex
- Closed
- 3Total Baths
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135 Ocean Street, South Portland, ME 04106 (MLS# 1673464) is a Commercial property. 135 Ocean Street is currently listed for $775,000 and was received on July 25, 2026. Want to learn more about 135 Ocean Street? Do you have questions about finding other Commercial real estate for sale in South Portland? You can browse all South Portland real estate or contact a Coldwell Banker agent to request more information.