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Bean Group
Offered at $899,000Under Contract
beds
3
baths
2
sq ft
1,038
Built
1938

1041 Ocean Avenue

Portland, ME 04103

About this home

Hard-to-find property featuring industrial zoning with broad potential applications. This property would also serve as an excellent development site for either commercial or residential. This well maintained single-family home includes a detached commercial garage with a large finished upper-level space complete with multiple bedrooms and bathrooms, a kitchen and open living room. This space is currently not permitted as a legal unit. Conveniently located just minutes from I-295, offering easy access for commuters, contractors or business owners alike. Relocate or establish your business here or bring your vision to this site!

Listing last checked: Listing updated:

Listed by Listing Agent · Greater Portland Realty · MLS #1661517

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Details at a glance

Interior5 property facts
Rooms
6
Heating
Oil, Propane, Baseboard, Hot Water
Cooling
None
Flooring
Tile, Bamboo
Fireplaces
0
Building5 property facts
Style
Single Family Residence
Year built
1938
Garage
3
Foundation
Poured Concrete
Roof
Shingle
Land & utilities4 property facts
Lot size
0.54 acres
Water
Public
Sewer
Private Sewer
Zoning
I-M
Financial2 property facts
Annual taxes
$7,522
Assessment year
2025

Location

Estimated monthly cost

Explore costs at the $899,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$5,173 / monthAdjust
Principal & interest
$4,546
Property tax
$627
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $7,522. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

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About 1041 Ocean Avenue

Can I request a private showing?

Request a tour of 1041 Ocean Avenue and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.