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Offered at $289,000Active
beds
2
baths
1
sq ft
952
Built
1910

58 Portland Street #5

Portland, ME 04101

About this home

Perched above-it-all in Bayside, this freshly painted penthouse condo has city views, including the iconic Time and Temp Building. Occupying the entire third floor, this quiet, light-filled two-bedroom home feels like a private treetop retreat--yet it's just moments from everything on the Portland peninsula. Enjoy the convenience of a reserved on-site parking space located directly in front of the entrance. A welcoming entry to the unit begins with lovely hardwood stair treads, leading to a thoughtfully designed landing complete with a custom, extra-large wooden storage chest. Inside, warm wood flooring enhances the natural light throughout the living spaces. The kitchen was fully renovated in 2019 and features tall cabinetry, quartz countertops, cast iron apron-front sink, stainless steel appliances, modern lighting, and clever shelving solutions. Both bedrooms are spacious and bright, each offering generous closet space. Efficient and easy to heat, the unit is equipped with a Rinnai natural gas direct-vent system, supplemented by electric baseboard heating. Additional updates include a high-efficiency water heater installed in 2020. A convenient coin-operated laundry is located in the association's adjacent building on Parris Street. The association completed a major basement structural overhaul in 2022, reinforcing the long-term integrity of the building. This home represents exceptional value on the peninsula--whether you're seeking a pied-à-terre, looking to build equity, or embracing an accessible urban lifestyle. Experience the vibrant energy of historic Bayside, a neighborhood undergoing exciting residential and commercial revitalization.

Listing last checked: Listing updated:

Listed by Listing Agent · Coldwell Banker Realty · MLS #1667865

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Details at a glance

Interior5 property facts
Rooms
4
Heating
Electric, Baseboard
Cooling
None
Flooring
Carpet, Wood
Fireplaces
0
Building5 property facts
Style
Condominium
Year built
1910
Garage
0
Foundation
Brick/Mortar
Roof
Shingle
Land & utilities4 property facts
Lot size
0.0 acres
Water
Public
Sewer
Public Sewer
Zoning
Residential
Financial3 property facts
Annual taxes
$3,564
Assessment year
2026
HOA fee
$438 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $289,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$1,758 / monthAdjust
Principal & interest
$1,461
Property tax
$297
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $3,564. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $438. The billing period was not supplied; confirm the monthly amount before adding it.

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 58 Portland Street #5

Can I request a private showing?

Request a tour of 58 Portland Street #5 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.