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311 Ocean Street, 
South Portland, ME 04106

$895,000


Bed


4

Baths


3,996

Sq Ft


Multi-Family

Active

Listed by

Melissa Rioux

eXp Realty

Last updated:

December 7, 2025, 10:07 PM

MLS#

1643403

Source:

ME MREIS

About This Home

311 Ocean Street

DON'T MISS OUT on this incredible opportunity! Priced to sell as-is with expansion potential in one of South Portland's most desirable locations. This iconic 4-unit property delivers versatility for investors, multi-generational living, or anyone seeking a flexible home-based business setup. Originally built in 1900, this late-19th-century New Englander blends Colonial Revival character with timeless craftsmanship and period details throughout. Rich woodwork, hardwood floors, stained-glass accents, built-ins, and high ceilings create an atmosphere filled with warmth and charm. The property features four distinct spaces, including three spacious residential units — a first-floor 3 BR, two upper-level 2 BR units — and a dedicated home-occupancy suite once used as a pet-grooming business, perfect for a salon, studio, or office. A handsome fireplace, wrap-around enclosed porch, and large sun-filled rooms add to its appeal. An attached barn with loft and one-car garage offers incredible versatility, ideal for storage, a workshop, or potential in-law/ADU conversion. Set on a beautifully landscaped .84-acre corner lot with mature trees, gardens, and a tranquil stream, there may also be potential for a buildable lot (buyer to verify). Located minutes from Downtown Portland, Willard Beach, Bug Light Park, Spring Point Lighthouse, and Southern Maine Community College, with easy access to Portland International Jetport, Casco Bay Ferry Lines, and top-rated South Portland schools, this is coastal Maine living at its best. Bring your vision and unlock the potential of this one-of-a-kind property in the heart of South Portland. So much opportunity to live, work, and invest all in one prime location!

Home Facts

Multi-Family

4 Baths

Built in 1900

Price Summary

895,000

$223 per Sq. Ft.

MLS #:

1643403

Last Updated:

December 7, 2025, 10:07 PM


Rooms & Interior

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

3,996 Sq. Ft.


Structure

Structure

Architectural Style:

New Englander

Building Area:

3,996 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

36,590


Finances & Disclosures

Finances

Price:

$895,000

Price per Sq. Ft:

$223 per Sq. Ft.

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MREIS Multiple Listing Service™ system Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2023 Maine Real Estate Information System, Inc. All Rights Reserved
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311 Ocean Street
Attend an upcoming open house
Sat, Dec 20
11:00 AM01:00 PM

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