50 Alder Street, Portland, ME 04101
Local realty services provided by:ERA Dawson-Bradford Co., REALTORS
50 Alder Street,Portland, ME 04101
$680,000
- - Beds
- 3 Baths
- 3,653 sq. ft.
- Multi-family
- Pending
Listed by: david marshall
Office: exp realty
MLS#:1630079
Source:ME_MREIS
Price summary
- Price:$680,000
- Price per sq. ft.:$186.15
About this home
Be part of Bayside's exciting transformation—one of Portland's fastest redeveloping neighborhoods. This spacious, move-in ready duplex with a garage workshop sits in the heart of the Peninsula within the dynamic B2b business zone, offering both immediate cash flow and long-term upside. The Bayside Master Development Plan envisions major investment in new housing, green space, and commercial opportunities that will reshape the neighborhood into one of Portland's most vibrant mixed-use districts. This property offers buyers the chance to secure a prime foothold in the middle of this transformation while values remain accessible. The detached garage includes a workshop—ideal for a creative or trade business—and off-street parking adds daily convenience. Just steps to Bayside Bowl and minutes to Trader Joe's, Whole Foods, the Old Port, and the Arts District, this location has a Walk Score of 98. Unit #50 features 4 bedrooms, 2 baths and generous living space, while Unit #48 offers 3 bedrooms with approximately 455 sq ft of additional bonus space—perfect for finishing to expand value. With permits, there's even potential to convert Unit #48 into a 4-bedroom, 2-bath or to add a third unit within the existing footprint. Floor plans indicate the gross living area is significantly larger than tax records show—about 3,936 sq ft total. The property sits on a 6,076 sq ft lot in the B2b zone, which allows for medium-scale mixed-use and multifamily development. Zoning permits up to 13 residential units by right (buyer to verify with the city). The seller has been proactive in addressing items from a recent seller initiated inspection, and the report is available upon request. Currently financed with an FHA loan, the property should be financeable with any mortgage product. 50 Alder Street offers scale, flexibility, and future growth potential in a neighborhood poised for long-term appreciation.
Contact an agent
Home facts
- Year built:1850
- Listing ID #:1630079
- Updated:November 11, 2025 at 08:51 AM
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:$680,000
- Price per sq. ft.:$186.15
- Tax amount:$9,848 (2024)
MREIS Multiple Listing Service™ system
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. © 2023 Maine Real Estate Information System, Inc. All Rights ReservedNew listings near 50 Alder Street
- Coming Soon
$499,900Coming Soon3 beds 2 baths3 Jordan Street, Portland, ME 04103
MLS# 1643185Listed by: KELLER WILLIAMS COASTAL AND LAKES & MOUNTAINS REALTY - New
$1,195,000Active3 beds 1 baths1,617 sq. ft.32 Melbourne Street, Portland, ME 04101
MLS# 1643189Listed by: BENCHMARK REAL ESTATE - New
$699,999Active3 beds 4 baths2,543 sq. ft.11 Osprey Terrace #11, Portland, ME 04103
MLS# 1643064Listed by: CENTURY 21 NORTH EAST - New
$650,000Active-- beds 5 baths3,988 sq. ft.10 Walker Street, Portland, ME 04102
MLS# 1643059Listed by: CORE - New
$875,000Active4 beds 3 baths2,974 sq. ft.37 Wellington Road, Portland, ME 04103
MLS# 1643047Listed by: BENCHMARK REAL ESTATE - Coming Soon
$845,000Coming Soon4 beds 3 baths1 Ponce Street, Portland, ME 04101
MLS# 1643034Listed by: PORTSIDE REAL ESTATE GROUP - New
$425,000Active3 beds 1 baths1,355 sq. ft.18 Ninth Street, Portland, ME 04103
MLS# 1643026Listed by: MARSDEN REAL ESTATE - New
$689,000Active4 beds 2 baths2,122 sq. ft.24 Pineloch Drive, Portland, ME 04103
MLS# 1643019Listed by: CENTURY 21 NORTH EAST - New
$1,050,000Active-- beds 5 baths3,104 sq. ft.207 State Street, Portland, ME 04101
MLS# 1643006Listed by: GARDNER REAL ESTATE GROUP - New
$439,900Active3 beds 1 baths1,488 sq. ft.30 Sanborn Street, Portland, ME 04103
MLS# 1642993Listed by: KELLER WILLIAMS REALTY
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2023 - 2025 ERA Franchise Systems LLC. All rights reserved. ERA Franchise Systems LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. ERA, ERA Real Estate powered, and their respective logos are registered service marks of ERA Franchise Systems LLC. Each office is independently owned and operated.