103 Read Street presents a substantial 1.41 acre offering in Portland, combining an existing three unit property with three additional vacant lots and compelling long term potential. The existing multi-family includes three residential units, while the additional acreage creates an opportunity to explore a range of future uses or development possibilities. A conceptual development plan explores the potential of an 8-16 unit Cottage Court community, subject to municipal review and approvals. The location offers convenient access to Back Cove, Baxter Boulevard, Payson Park, USM, downtown Portland, public transportation, and major commuter routes. With significant acreage in an established Portland neighborhood, 103 Read Street offers an intriguing opportunity for an investor, developer, or buyer looking to take a longer term approach to the property. Property is being sold as-is.

More Info

Tax Information

Parcel Number PTLD-000141-J000014-000001
Taxes$12,561

Location

Address103 Read Street
Building Number103
CountyCumberland
StateME
StreetRead Street
TownPortland
Zip04103

Exterior

RoofMetal, Shingle

Property Information

Acreage1.41
Lot Features Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Level, Sidewalks, Wooded, Near Public Transit
Square Feet3,971

Parking

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

Basic Information

List Price$1,500,000
MLS Number1677065
Property TypeMulti-Family
StatusACT

Property

Road Surface Type Paved
Vehicle Storage 1 Car, Detached

Utilities

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

Legal

ZoningRN1

Rooms

Bathroom3
Bathrooms Total Decimal 3
Full Bath3

Building

BasementInterior Entry, Full, Unfinished
Flooring Tile, Wood
GarageYes
Garage Spaces1
Patio And Porch Features Deck, Porch
Property StyleOther
Units3
Year Built1860

Amenities

Other AmenitiesBasement

Water Body

Water AccessPublic

Other

Date Listed08/20/2026
Other Equipment Cable, Internet Access Available
Unit 1 Full Baths 1
Unit 1 Level First
Unit 1 Rooms 4
Unit 1 Water Yes
Unit 2 Full Baths 1
Unit 2 Level Second
Unit 2 Rooms 3
Unit 2 Water Yes
Unit 3 Full Baths 1
Unit 3 Level Second
Unit 3 Rooms 3
Unit 3 Water Yes

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.

Name

Your Email Address

Phone

Message Send me the deed for 103 Read Street Portland ME 04103 (ID#:1677065)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Name

Your Email Address

Phone

Message Send me the survey or tax map for 103 Read Street Portland ME 04103 (ID#:1677065)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Name

Your Email Address

Phone

Message I would like more information for 103 Read Street Portland ME 04103 (ID#:1677065)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Contact:

SEARCH PROPERTIES

103 Read StreetPortland, ME 04103MLS Number 1677065

$/month over payments

Share

Driving Directions

Your Local Office

Ask A Question