7 Orange Street, Portland, ME 04102

Portland
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
7 Orange Street,Portland, ME 04102
$695,000
  • 0.14 Acres
  • Lots / Land
  • Active
Office: vitalius real estate group, llc.
MLS#:1659152
Source:ME_MREIS

Price summary

  • Price:$695,000

About this home

DEVELOPMENT OPPORTUNITY: Entitled 8-Unit Site in Portland's Coveted West End -- 100% Inclusionary Zoning (IZ) Exempt. Avoid the multi-year planning hurdles. This premium corner parcel is sold fully de-risked and conceptually entitled, packaged with a formal Zoning Summary Memorandum (Perkins Thompson) validating a full 8-unit build, alongside an architectural massing study (Kaplan Thompson Architects). By staying under the city's 10-unit threshold, this project is entirely exempt from Portland's strict Inclusionary Zoning mandates, affordable housing quotas, and fee-in-lieu penalties. Unmatched natural topography unlocks spectacular, unobstructed inner harbor and active boatyard views that begin directly from the ground-level grass and expand into a panoramic sweep from the upper floors and potential 45-foot rooftop deck. The site sits entirely outside the Historic Overlay District, and the natural downhill slope perfectly accommodates street-level, tucked-under parking to drastically...

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Home facts

  • Listing ID #:1659152
  • Updated:June 08, 2026 at 09:53 PM

Structure and exterior

  • Lot area:0.14 Acres
  • Lot Features:Corner Lot, Intown, Near Shopping, Neighborhood, Open Lot

Finances and disclosures

  • Price:$695,000
  • Tax amount:$3,683 (2026)

Parking

  • Parking description:No Driveway, None
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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