103 Read Street, Portland, ME 04103

Portland
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
103 Read Street,Portland, ME 04103
$1,500,000
  • 1.41 Acres
  • Lots / Land
  • Active
Office: re/max by the bay
MLS#:1677063
Source:ME_MREIS

Price summary

  • Price:$1,500,000

About this home

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.

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Home facts

  • Listing ID #:1677063
  • Updated:August 23, 2026 at 10:54 AM

Rooms and interior

  • Total bathrooms:3

Structure and exterior

  • Lot area:1.41 Acres
  • Lot Features:Level, Near Public Beach, Near Public Transit, Near Shopping, Near Town, Near Turnpike/Interstate, Neighborhood, Sidewalks, Wooded

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,500,000
  • Tax amount:$12,561 (2025)

Parking

  • Parking description:5 - 10 Spaces, On Site, On Street, Paved
MLS LogoMREIS Multiple Listing Service™ systemListing 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. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved ME_MREIS Member Broker: Christopher Masiello

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