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Adam Dow

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

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31 Bates St , Portland, ME 04103
$1,395,000
Est. Payment: $7,197.60/mo
0 Bed
3 Bath
2393 Sqft
Status: active | Days on site: 39
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

Enjoy seasonal views of Back Cove and the Portland skyline from this rare three-unit property in one of the city's most desirable locations. Step out your door to the Back Cove Trail for morning walks, or enjoy coffee on your deck while taking in the water views. With strong rental income potential, this property offers the ideal opportunity to offset your mortgage while living in a premier setting. The owner-occupant third floor unit is filled with natural light and features 1 bedroom and 1 bathroom with an open kitchen, dining, and living area. Two private decks extend the living space outdoors, including one with views overlooking Back Cove. The second floor spans the entire level and offers exceptional light throughout. It includes a spacious living room, a separate dining room with original built-ins, a large kitchen, two well-sized bedrooms, and an updated bathroom. A private deck completes this inviting unit. The first floor also occupies the full level and features a sun-filled layout with a spacious living room and gas fireplace, a dining room with built-ins, and an updated kitchen with granite countertops and new cabinetry. This unit also enjoys a private deck for outdoor living. The basement provides dedicated storage for each unit along with coin-operated laundry. Additional amenities include parking for up to four vehicles and a rare two-car garage. Numerous updates have been completed in recent years, making this a well-maintained and versatile investment opportunity. A truly special offering on Back Cove that combines location, views, and income potential.

Highlights

Listed by Rachel Davey , 207-318-1102 Vitalius Real Estate Group, LLC , 207-541-3755. Maine Real Estate Information System, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
0.16

Year Built

1916

County

Cumberland

Listing ID

1668759

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:3
  • Full Bathrooms:3
Floor:Carpet,Wood
Above Ground Sq Ft:2393
Below Ground Sq Ft:0
Basement:Doghouse,Interior Entry,Full,Unfinished
Other:One-Floor Living
Other:Public

Exterior Features

Lot:Near Turnpike/Interstate,Near Town,Neighborhood,Sidewalks,Landscaped
Zoning:B-2b
Roof:Shingle
Sewer:Public Sewer
Parking Features:Common,Paved,5 - 10 Spaces,Detached
Principal Interest
$7,198
Taxes
$733

Home Price

$1,395,000

Loan Details

30 yrs
6.695%

Down Payment

20%
$279,000
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:
$7,197.60

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,197.60 $732.67 $0.00 $7,930.27
Yearly $86,371.22 $8,792.00 $0.00 $95,163.22
Total $2,591,136.46 $263,760.00 $0.00 $2,854,896.46

Today's Rates

30 Year

6.7%

20 Year

6.21%

15 Year

6.15%

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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: 2026-08-02T07:29:11.000Z

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