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$795,000
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Property Description
DON'T MISS OUT on this incredible opportunity! Priced to sell as-is with expansion potential in one of South Portland's most desirable locations. This iconic 4-unit property delivers versatility for investors, multi-generational living, or anyone seeking a flexible home-based business setup. Originally built in 1900, this late-19th-century New Englander blends Colonial Revival character with timeless craftsmanship and period details throughout. Rich woodwork, hardwood floors, stained-glass accents, built-ins, and high ceilings create an atmosphere filled with warmth and charm. The property features four distinct spaces, including three spacious residential units - a first-floor 3 BR, two upper-level 2 BR units - and a dedicated home-occupancy suite once used as a pet-grooming business, perfect for a salon, studio, or office. A handsome fireplace, wrap-around enclosed porch, and large sun-filled rooms add to its appeal. An attached barn with loft and one-car garage offers incredible versatility, ideal for storage, a workshop, or potential in-law/ADU conversion. Set on a beautifully landscaped .84-acre corner lot with mature trees, gardens, and a tranquil stream, there may also be potential for a buildable lot (buyer to verify). Located minutes from Downtown Portland, Willard Beach, Bug Light Park, Spring Point Lighthouse, and Southern Maine Community College, with easy access to Portland International Jetport, Casco Bay Ferry Lines, and top-rated South Portland schools, this is coastal Maine living at its best. Bring your vision and unlock the potential of this one-of-a-kind property in the heart of South Portland. So much opportunity to live, work, and invest all in one prime location!
Full Property Details
Full Property Details for 311 Ocean St
General
- Sold For: $795,000
- Taxes: $10,355 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MREIS
- MLS ID: 1643403
- Added to Site: 136 day(s) ago
Interior
- Interior Features: 1st Floor Bedroom, Bathtub, Other, Pantry, Shower, Storage
- Fireplace: Yes
- Number of Fireplaces: 1
- Flooring: Wood, Carpet
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Exterior
- Porch/Patio/Deck: Glass Enclosed, Porch
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 1
- Parking Features: 5 - 10 Spaces, Paved, On-Site Parking
Location
- County: Cumberland
Community
- Pets Allowed: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: Zoned, Steam, Radiator, Hot Water
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: New Englander
- Construction: Wood Siding, Shingle Siding, Clapboard, Wood Frame
- Roof: Composition, Fiberglass, Shingle
- Windows: Double Pane Windows, Storm Window(s)
- Stories/Levels: 3
- Building Size: 3996
- Square Feet: 3,996
- Living Area: 3,996 Sq. Ft.
- Finished Total: 3,996 Sq. Ft.
- Finished Above Grnd: 3,996 Sq. Ft.
- Year Built: 1900
Additional Structures
- Other Structures: Shed(s), Barn(s)
Lot Features
- Property View: Trees/Woods, Scenic
- Lot Size (Acres): 0.84
- Lot Size (Sq. Ft.): 36,590.4
- Lot Size Source: Public Records
- Zoning: R-AA
- Lot Description: Well Landscaped, Open, Corner Lot, Level, Sidewalks, Wooded, Intown, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Public Transit, Near Railroad
- Fencing (Description): Fenced
Green Features
- Energy Efficient: Ceiling Fans
Financial Considerations
- Tax Amount: $10,355
- Tax Year: 2024
Disclosures and Reports
- Lot Number: 47
Listed by EXP Realty (888) 439-8743
Sold by Keller Williams Realty (207) 879-9800
Get Pre-Approved Today
Schools
Schools serving 311 Ocean St
School District:South Portland
| Name | Grades | Distance |
|---|---|---|
Daniel F. Mahoney Middle School 240 Ocean Street, South Portland, ME 04106 | 6-8 | 0.2 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 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 311 Ocean St
Date
Details
Price
Change
Source
3/20/2026
Sold
$795,000
-11.17%
MLS
12/02/2025
Price Reduced
$895,000
-10.05%
MLS
11/13/2025
Listed
$995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
311 Ocean Street, South Portland, ME 04106 (MLS# 1643403) is a Multi-Family property that was sold at $795,000 on March 20, 2026. Want to learn more about 311 Ocean Street? Do you have questions about finding other Multi-Family 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.

