About This Home

This 0-bedroom, 3-bathroom residential multi family at 103 Read Street in Portland, ME is listed for $1,500,000 ($378 per sqft). Built in 1860, the home offers 3,971 sqft of living space on a 1.41 acres lot.

Key Features

  • Built in 1860
  • 1.41 acre lot

Property Details

3 full
1-car garage
1860
Listing Description

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.

Monthly Cost Estimate

$8,022/mo

20% down · 6.5% · 30 years

Principal$1,085
Interest$6,500
Insurance$438

Estimates only. Actual payments may vary.

Location

103 Read Street

Portland, ME 04103

Property Details

Flooring

WoodTile

Construction

Wood Frame Clapboard Vinyl Siding

Outdoor Features

PorchDeck

Parking

On Street

Heating

Natural GasForced Air

Questions & Answers

This 0-bedroom, 3-bathroom residential multi family at 103 Read Street is listed at $1,500,000 ($378/sqft). The estimated monthly payment is $8,023 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1860, 1.41 acre lot.

This property is listed by David Banks.

DB

David Banks

Agent at RE/MAX By The Bay

Listed by RE/MAX By The Bay · Broker phone: (207) 773-2345 · View on Broker Site · Broker website

MLS# 1677065· Source: Maine Listings· 4 days on PropertySimple

Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

103 Read Street, Portland, ME 04103

Open this listing in: