311 Ocean Street, South Portland, ME 04106 (MLS # 1643758)

View Virtual Tour PRICE $995,000 BEDS 7 BATHS 3 HOME SIZE 3,996 sqft LOT SIZE 36,591 sqft Request More Info Schedule a Showing

RARE OPPORTUNITY in one of South Portland's most desirable locations! This iconic 4-unit property offers endless potential for investors, multi-generational living, or anyone seeking the ideal setup for a home-based business. 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!