381 Deering Avenue, Portland, ME 04103
Local realty services provided by:ERA Dawson-Bradford Co., REALTORS
381 Deering Avenue,Portland, ME 04103
$1,349,000
- - Beds
- 5 Baths
- 5,003 sq. ft.
- Multi-family
- Active
Office: waypoint brokers collectiveali@waypointbrokers.com
MLS#:1675729
Source:ME_MREIS
Price summary
- Price:$1,349,000
- Price per sq. ft.:$269.64
About this home
Exceptional opportunity to own a true two-unit in the heart of Portland's sought-after Oakdale neighborhood. Offering over 5,000 square feet across three finished levels, this expansive property seamlessly blends historic character with modern amenities and significant systems updates, creating a rare investment or owner-occupant opportunity. With two spacious residences offering excellent rental income potential, this property provides exceptional flexibility for investors, multigenerational living, or those looking to offset their mortgage while enjoying one of Portland's most desirable neighborhoods.
The first-floor residence features three bedrooms, one and a half baths, a generous living room, formal dining room, spacious bedrooms, and a bright bonus sunroom. Occupying the second and third floors, the upper residence lives like a single-family home with a spacious living area, formal dining room, updated kitchen, four generously sized bedrooms, the potential to finish a fifth bedroom, and three inviting sun porches that provide flexible space for relaxing or working from home.
Throughout the home, beautifully restored original trim, built-ins, hardwood floors, and timeless architectural details showcase its historic charm, while thoughtful updates to the property's major systems provide peace of mind.
Whether you're seeking strong rental income, multi-generational living, or the chance to owner-occupy one of Portland's most impressive two-unit homes, this property offers exceptional space, flexibility, and long-term value in one of the city's most charming neighborhoods....
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Home facts
- Year built:1925
- Listing ID #:1675729
- Updated:September 26, 2026 at 10:51 AM
Rooms and interior
- Total bathrooms:5
- Full bathrooms:3
- Flooring:Tile, Wood
- Bathrooms Description:Bathtub, Shower
- Kitchen Description:Pantry
- Bedroom Description:1st Floor Bedroom
- Basement Description:Doghouse, Full, Interior Entry, Unfinished, Walk-Out Access
- Living area:5,003 sq. ft.
Heating and cooling
- Heating:Gas Natural, Heating, Radiator, Steam
Structure and exterior
- Roof:Rolled/Hot Mop, Shingle
- Year built:1925
- Building area:5,003 sq. ft.
- Lot area:0.15 Acres
- Lot Features:Corner Lot, Intown, Level, Near Public Beach, Near Public Transit, Near Shopping, Near Town, Neighborhood, Sidewalks
- Construction Materials:Vinyl Siding, Wood Frame
- Exterior Features:Glassed-in Porch, Porch
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,349,000
- Price per sq. ft.:$269.64
- Tax amount:$13,436 (2026)
Features and amenities
- Laundry features:Upper Level
- Amenities:Storage
Parking
- Parking description:5 - 10 Spaces, Attached Garage, Inside Entrance, Off street, On Site, Paved, Tandem
- Garage:Yes
- Garage spaces:2
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