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$950,000

  • Sold
  • Closed
  • Multi-Family
  • 3 Units
  • 0.11 Acres
See This Home
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See This Home
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Discover a prime investment opportunity. This charming multi-family property features three spacious units, each with three bedrooms and one bathroom. Recent enhancements, including a roof replacement five years ago and various updates throughout, ensure the building's longevity and appeal. Each unit operates independently with separate electric meters and individual boilers, promoting tenant autonomy and streamlined management. The property boasts coin-operated laundry machines and generous side parking, adding convenience for residents. Financially, it stands out with high-producing gross monthly rents and low expenses, making it an attractive addition to any investment portfolio. Situated in a vibrant South Portland neighborhood, tenants benefit from proximity to Mill Creek Park, Bug Light Park, and the scenic Greenbelt Walkway, offering a blend of urban living and natural beauty. This property not only promises immediate returns but also long-term value in a sought-after location. Open Showing May 17th from 10am - Noon. IF NO VIDEO LINK IS AVAILABLE, INQUIRE TO RECEIVE ONE!

Full Property Details for 340 Ocean St St

General

  • Sold For: $950,000
  • Taxes: $7,904 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: MREIS
  • MLS ID: 1621624
  • Added to Site: 289 day(s) ago

Interior

  • Flooring: Wood, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Exterior

  • Porch/Patio/Deck: Deck

Parking

  • Parking Features: 5 - 10 Spaces, Paved

Location

  • County: Cumberland

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Utilities On

Structural Information

  • Architectural Style: Victorian
  • Construction: Vinyl Siding, Wood Frame
  • Roof: Shingle
  • Building Size: 3569
  • Square Feet: 3,569
  • Living Area: 3,569 Sq. Ft.
  • Finished Total: 3,569 Sq. Ft.
  • Finished Above Grnd: 3,569 Sq. Ft.
  • Year Built: 1925

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Size (Sq. Ft.): 4,791.6
  • Lot Size Source: Public Records
  • Zoning: OS
  • Lot Description: Sidewalks, Intown, Near Shopping

Financial Considerations

  • Tax Amount: $7,904
  • Tax Year: 2024

Disclosures and Reports

  • Lot Number: 98

Listed by EXP Realty (888) 439-8743
Sold by Hearth & Key Realty (207) 241-2327

Listing agent

— 340 Ocean St St —

  • EXP Realty

    888-439-8743

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 340 Ocean St St

School District:South Portland
NameGradesDistance
Daniel F. Mahoney Middle School
240 Ocean Street, South Portland, ME 04106
6-80.2 mi
Frank I Brown Elementary School
37 Highland Avenue, South Portland, ME 04106
K-50.3 mi
South Portland High School
637 Highland Avenue, South Portland, ME 04106
9-121 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 340 Ocean St St

Date
Details
Price
Change
Source
7/09/2025
Sold
$950,000
1.06%
MLS
5/10/2025
Listed
$940,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by EXP Realty (888) 439-8743
Sold by Hearth & Key Realty (207) 241-2327

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Price Reduced near 340 Ocean St St

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540 Congress St, Portland, ME 04101 - Photo 1 Price Reduced
-$1,320,000 (-30.73%)
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Recent Sales near 340 Ocean St St

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667 Sawyer St, South Portland, ME 04106 - Photo 1 Sold
$855,000

667 Sawyer St  South Portland, ME 04106

  • Single Family
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77 O'Neil St, South Portland, ME 04106 - Photo 1 Sold
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77 O'Neil St  South Portland, ME 04106

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    Sq. Ft.
Listed by Noah Smith
Sold by Cottage & Co Real Estate
57 O'Neil St, South Portland, ME 04106 - Photo 1 Sold
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57 O'Neil St  South Portland, ME 04106

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5 Schooner Rd  South Portland, ME 04106

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Listed by Harborview Properties, Inc.
Sold by The Aland Realty Group, LLC

340 Ocean St Street, South Portland, ME 04106 (MLS# 1621624) is a Multi-Family property that was sold at $950,000 on July 09, 2025. Want to learn more about 340 Ocean St 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.