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$869,000
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Property Description
Welcome to 347 Ocean Street - A Turn-Key Gem in South Portland! This impeccably maintained 2-unit property is your golden opportunity to own a versatile, move-in-ready home in one of South Portland's most convenient and desirable locations. Whether you're looking to live in one unit and rent the other, or seeking a smart investment with strong rental potential, this property checks every box. Both spacious apartments have been thoughtfully upgraded with gleaming hardwood floors, stunning cherry cabinetry, granite countertops, and sleek stainless steel appliances. Each unit includes its own in-unit washer and dryer for maximum convenience. Modern living meets high efficiency with individual Navien natural gas boilers, just four years old, delivering both heat and hot water with exceptional energy savings. The 3-bedroom unit is perfect for an owner-occupant seeking space and style, while the already-leased 2-bedroom unit offers instant income. A roomy side yard with raised garden beds offers space for outdoor enjoyment, and the one-car garage with an additional workshop/storage room is a rare and valuable bonus. Enjoy a short stroll to Mill Creek's shops and restaurants, easy access to the Greenbelt Trail, Bug Light Park, and nearby Willard Beach. Best of all, Portland's vibrant Old Port is less than 10 minutes away! Don't miss your chance to own this beautifully updated, income-producing property in the heart of South Portland!
Full Property Details
Full Property Details for 347 Ocean St
General
- Sold For: $869,000
- Taxes: $8,057 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MREIS
- MLS ID: 1617609
- Added to Site: 325 day(s) ago
Interior
- Interior Features: Walk-in Closets, Bathtub, Pantry, Shower
- Flooring: Wood, Tile, Carpet
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Other Rooms
- Laundry: Laundry - 1st Floor, Upper Level, Main Level
Additional Information
- Equipment: Internet Access Available
Exterior
- Porch/Patio/Deck: Deck, Porch
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking Features: 1 - 4 Spaces, Paved, On-Site Parking, Detached
Location
- County: Cumberland
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Water, Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Utilities On
Structural Information
- Architectural Style: Colonial
- Construction: Asbestos, Wood Frame
- Roof: Shingle
- Windows: Double Pane Windows
- Stories/Levels: 3
- Building Size: 2467
- Square Feet: 2,467
- Living Area: 2,467 Sq. Ft.
- Finished Total: 2,467 Sq. Ft.
- Finished Above Grnd: 2,467 Sq. Ft.
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.59
- Lot Size (Sq. Ft.): 25,700.4
- Lot Size Source: Public Records
- Zoning: Res AA
- Lot Description: Rolling/Sloping, Open, Sidewalks, Near Golf Course, Near Public Beach, Near Shopping, Near Town, Suburban, Near Public Transit, Near Railroad
Green Features
- Energy Efficient: 90% Efficient Furnace
Financial Considerations
- Tax Amount: $8,057
- Tax Year: 2024
Disclosures and Reports
- Lot Number: 88
Listed by Portside Real Estate Group (207) 536-4222
Sold by Swan Agency Real Estate (207) 288-5818
Get Pre-Approved Today
Schools
Schools serving 347 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 | 0.4 mi |
South Portland High School 637 Highland Avenue, South Portland, ME 04106 | 9-12 | 1 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 347 Ocean St
Date
Details
Price
Change
Source
5/15/2025
Sold
$869,000
2.24%
MLS
4/01/2025
Listed
$850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
347 Ocean Street, South Portland, ME 04106 (MLS# 1617609) is a Multi-Family property that was sold at $869,000 on May 15, 2025. Want to learn more about 347 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.

