50 Alder Street, Portland, ME 04101

Local realty services provided by:ERA Dawson-Bradford Co., REALTORS
#1#2#3
50 Alder Street,Portland, ME 04101
$750,000
  • - Beds
  • 3 Baths
  • 3,653 sq. ft.
  • Multi-family
  • Active
Listed by:david marshall
Office:exp realty
MLS#:1630079
Source:ME_MREIS

Price summary

  • Price:$750,000
  • Price per sq. ft.:$205.31

About this home

Be part of the transformation of Bayside, which is one of the fastest redeveloping neighborhoods in Portland. Located in the heart of Portland's Peninsula in the dynamic B2b business zone, this owner-occupied duplex at 50 Alder Street offers a great opportunity for both cash flow and long-term upside. The property has a significant value-add opportunity to transform currently unheated bonus rooms in Unit 48, totaling approximately 455 sqft, into living space by adding heating elements and improving the finish (with permits). If you're an owner-occupant looking to offset your mortgage or an investor seeking a strategic buy-and-hold, this property is full of opportunity. The building is in move-in ready condition, with tons of space, 4 bedrooms in #50 and 3 bedrooms in #48. It could be possible to transform #48 into a 4 bedroom 2 bathroom unit by adding a first floor master bedroom and en suite bathroom using existing space. Based on the measurements generated through creation of the

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Home facts

  • Year built:1850
  • Listing Id #:1630079
  • Updated:August 14, 2025 at 11:48 PM

Rooms and interior

  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:3,653 sq. ft.

Heating and cooling

  • Heating:Baseboard, Hot Water

Structure and exterior

  • Year built:1850
  • Building area:3,653 sq. ft.
  • Lot area:0.13 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$750,000
  • Price per sq. ft.:$205.31
  • Tax amount:$9,848 (2024)
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