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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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103 Read St , Portland, ME 04103
$1,500,000
Est. Payment: $8,057.10/mo
1.41 Acres
Status: active | Days on site: 72
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1150 - 002090
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Adam Dow, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Adam Dow
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House Description

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.
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Highlights

Listed by David Banks , 207-773-2345 RE/MAX By The Bay , 207-773-2345. Maine Real Estate Information System, Inc. mls logo

Property Type

Vacant Land
Lot/Acreage
1.41

County

Cumberland

Listing ID

1677063

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Interior Features

Water:Public

Exterior Features

Lot:Near Public Beach,Near Shopping,Near Turnpike/Interstate,Near Town,Neighborhood,Level,Sidewalks,Wooded,Near Public Transit
Zoning:RN1
Sewer:Public Sewer
Parking Features:Paved,5 - 10 Spaces,On Site,On Street
Principal Interest
$8,057
Taxes
$1,047

Home Price

$1,500,000

Loan Details

30 yrs
7.091%

Down Payment

20%
$300,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,057.10

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,057.10 $1,046.75 $0.00 $9,103.85
Yearly $96,685.23 $12,561.00 $0.00 $109,246.23
Total $2,900,556.89 $376,830.00 $0.00 $3,277,386.89

Today's Rates

30 Year

7.09%

20 Year

7.19%

15 Year

6.59%

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Market insight data is pulled from the same city as the listing being viewed (Portland, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Listing 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.


IDX service by Blueroof 360

Data last updated: 2026-11-01T01:49:19.000Z

© 2026 Maine Real Estate Information System, Inc.

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