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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.
Property Type(s):
Multi Family
| Last Updated | 8/20/2026 | Year Built | 1860 |
|---|---|---|---|
| Garage Spaces | 1.0 | County | Cumberland |
Additional Details
| AIR | None |
|---|---|
| BASEMENT | Full, Interior Entry, Unfinished, Yes |
| CONSTRUCTION | Clapboard, Frame, Vinyl Siding |
| GARAGE | Yes |
| HEAT | Forced Air |
| LOT | 1.41 acre(s) |
| LOT DESCRIPTION | Level, Near Public Transit, Wooded |
| LOT DIMENSIONS | 1.41 |
| MLS STATUS | Active |
| PARKING | Paved, On Site, On Street, Detached |
| SEWER | Public Sewer |
| STYLE | Other |
| TAXES | 12561 |
| UTILITIES | Natural Gas Available, Cable Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Trees/Woods |
| WATER | Public |
Listing provided by RE/MAX By The Bay
Listing data is derived in whole or in part from the Maine IDX & is for consumers'' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.© 2026 Maine Real Estate Information System, Inc. All Rights Reserved. 
Additional school data provided by Onboard Informatics © 2026 Onboard Informatics. Information deemed reliable but not guaranteed.
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IDX data provided by Market Leader, courtesy of Maine Listings.
This IDX solution is (c) Diverse Solutions 2026.
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