135 Ocean StreetSouth Portland, ME 04106MLS Number 1673414

Price: $775,000
Est. Mortgage of $/month
1 Day on Market

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. GROUP SHOWINGS: Tuesday 7/28, 1:30 - 2:30 and Thursday 7/30, 1:30 - 2:30

More Info

Tax Information

Parcel Number SPOR-000015-000000-000004
Taxes$7,223

Location

Address135 Ocean Street
Building Number135
CountyCumberland
StateME
StreetOcean Street
TownSouth Portland
Zip04106

Utilities

Electric Circuit Breakers
Heat SystemGas Natural, Direct Vent Heater
Heating YN Yes
Waste Water DisposalPublic Sewer

Legal

ZoningVC

Parking

Parking Features Paved,5 - 10 Spaces, On Site, Off Street

Basic Information

List Price$775,000
MLS Number1673414
Property TypeMulti-Family
StatusACT

Property

Road Surface Type Paved

Exterior

RoofFlat, Membrane

Property Information

Acreage0.11
Lot Features Business District, Intown, Near Shopping, Neighborhood, Level, Open Lot, Sidewalks, Landscaped
Square Feet2,583

Other

Date Listed07/24/2026
Unit 1 Full Baths 1
Unit 1 Level First
Unit 1 Monthly Rent $2,350
Unit 1 Rooms 5
Unit 1 Water Yes
Unit 2 Full Baths 1
Unit 2 Level Second
Unit 2 Monthly Rent $1,900
Unit 2 Rooms 5
Unit 2 Water Yes
Unit 3 Full Baths 1
Unit 3 Lease Yes
Unit 3 Level Third
Unit 3 Monthly Rent $1,800
Unit 3 Rooms 5
Unit 3 Water Yes

Rooms

Bathroom3
Bathrooms Total Decimal 3
Full Bath3

Building

BasementInterior Entry, Full, Unfinished
Building Info Heating Units 3
Building Info Water Heaters 3
Flooring Tile, Vinyl, Wood
Property StyleOther
Stories3
Units3
Year Built1900

Amenities

Other AmenitiesBasement

Water Body

Water AccessPublic

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo Privacy Policy

All Maine Homes participates in ©2026 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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135 Ocean StreetSouth Portland, ME 04106MLS Number 1673414

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