Green clapboard house with a brick entry beside a weathered wooden garage and paved driveway.
Aerial view of a residential neighborhood beside a bay, with islands and a bridge in the distance.
Aerial view of the property lot outlined in white, with a house, driveway, and garden beds.
Aerial view of the outlined 86 Ocean Avenue lot, with surrounding homes and the bay beyond.
Green two-story house with white trim and porch beside a weathered wooden two-car garage.
Green clapboard house with white shutters and brick entry, beside a driveway and weathered wooden garage.
Backyard with a weathered detached garage, small shed, and leaf-covered lawn.
Light green two-story house with white trim, brick entry surround, and attached deck.
Pale green two-story house with a white-railed deck, viewed from the driveway beside a weathered garage.
Green clapboard house with a brick entry beside a weathered detached garage and paved driveway.
Kitchen with wood cabinets, tiled counters, double sink, and brick cooking area.
Kitchen with warm wood cabinetry, tiled counters, a double sink beneath windows, and a gas range.
Compact kitchen with warm wood cabinets, a white countertop, and a refrigerator beside the doorway.
Small room with a windowed exterior door, refrigerator, red patterned rug, and radiator.
Galley kitchen with a brick-backed range, wood beams, tiled floor, and windows beside a small sitting area.
Kitchen with a brick cooking wall, wood cabinetry, gas range, and butcher-block island.
Living room with exposed wood beams, brick fireplace, gray sofa, and green geometric rug.
Bathroom with a dark wood vanity, patterned wallpaper, shower, and tiled floor.
Kitchen with a brick cookware wall, wooden counters, and a tiled passage to a window.
Living room with exposed wood beams, built-in shelves, and a green geometric rug.
Laundry area beneath a worn staircase, with a washer and dryer and a rocking chair visible in the adjoining room.
Living room with a white fireplace, two rocking chairs, and a large round braided rug.
Room with patterned wallpaper, wood wainscoting, a rocking chair, and a teal rug.
Entry hall with a curved wooden staircase and a view into a tiled sitting area.
Kitchen with wood cabinets, tiled counters, hanging cookware, and an arched doorway.
Empty room with blue-gray carpet, cream wainscoting, patterned wallpaper, three windows, and a small rug.
Curved wooden staircase with dark runners beside a washer and dryer beneath the stairs.
Bathroom with a wood vanity, black metal shelving, and a large multi-pane window.
Upstairs landing with a wood-and-white stair railing, cream paneled walls, and a colorful woven rug.
Empty upstairs room with gray plank flooring, two windows, and a sharply sloped ceiling.
Unfinished attic room with peeling wallpaper, stained walls, blue carpet, and a window.
Empty gray room with white paneled doors and a view into an adjoining room with damaged walls.
Unfinished room with peeling walls and ceiling, a sloped roof, and a large window.
Attic bedroom with floral wallpaper, a sloped ceiling, and a small window.
Empty attic room with vivid red walls, two windows, track lighting, and exposed wood floorboards.
Empty room with floral wallpaper, a white paneled door, and tall windows.
Empty room with a red accent wall, track lighting, and a worn section of exposed wood flooring.
Interior staircase with dark carpet runners, worn wooden steps, and a polished wooden handrail.
White cast-iron radiator against a dark teal wall over light tile flooring.
Rounded wooden archway with exposed trim frames a bright hallway.
Weathered wood two-bay garage with a rainbow flag beside a paved driveway.
Garage with exposed wooden walls, a built-in workbench, stairs, and stored equipment.
Unfinished garage with exposed framing, wooden stairs, built-in shelving, and a brick chimney with a wood stove.
Unfinished attic with exposed rafters, damaged insulation, plywood flooring, and an open stairwell.
Aerial view of a large backyard with garden beds and lawn, surrounded by neighborhood homes.
Aerial view of a residential lot outlined in white, with garden beds and a small outbuilding.
VIEW PHOTOS
Courtesy of Legacy Properties Sotheby's International Realty
$460,000

86 Ocean Avenue

4 Beds 2 Baths 2,077 Sq.Ft. 0.43 Acres

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Description

Three solid investment options exist for this historic 1848 farmhouse in highly desirable Back Cove, one of the most livable & walkable neighborhoods in Portland. Single family home with legal apartment or up to 5 residential units. Options include: One, restore the spacious home & its established gardens - set back from the road on a large lot with mature trees & shrubs. Classic New England farmstead architectural features include the large brick fireplace, connecting kitchen to living areas; charming stairway and banister, and open landing to 4 bedrooms. Plantings, typical of old Maine homesteads, include lilac, roses, grape arbor, day lilies, hostas, tulips, herb & vegetable gardens, along with black walnut, cedar, fir & ash trees - all providing a wonderful backdrop for any avid gardener. Lot could easily accommodate a swimming pool, fruit trees or more extensive perennial &vegetable gardens. Two: Convert the existing barn/garage into legal ADU. Three: Investors & developers also benefit from the R-5 zoning & develop a maximum of (4) residential units plus an ADU. Solid groundwork has been laid for whichever route is pursued: inspection, survey & architect's analysis of development potential available. Unbeatable options - all in walking & biking distance to Back Cove trail, Backyard Blooms, Coveside Coffee, Tipo, Big Sky Bread, and downtown Portland. Property is being sold ''as is.''

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Location

86 Ocean Avenue, Portland, ME 04103

Status

Sold

Date Sold

May 16, 2022
Elizabeth Banwell

Elizabeth Banwell

TITLE

Real Estate Professional

PHONE

(207) 747-9308

EMAIL

[email protected]

CONTACT AGENT

Property Amenities

Interior
Laundry room Laundry - 1 st Floor, Main Level
Appliances Washer, Refrigerator, Microwave, Gas Range, Dryer, Dishwasher, Cooktop
Total Bedrooms: 4
Full Bathrooms: 2
Other Interior Features 1 st Floor Bedroom, Bathtub
Area & Lot
Lot Area 0.43 Acres
Living area 2,077 Sq.Ft.
MLS® ID 1524185
Year Built 1848
View Description Scenic
Architecture Styles Farmhouse
Type Residential
Status Sold
Exterior
Air conditioning None
Heat type Hot Water
Water Source Public
Garage Space 2.0
Sewer Public Sewer
Parking 1 - 4 Spaces, Paved, Garage Door Opener, Detached, Storage
Lot Features Level, Landscaped, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Public Transit, Near Railroad
Roof Shingle
Utilities Utilities On
Finance
Sales Price $460,000
Real Estate Tax $5,499 yearly

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Work With Elizabeth

I have logged many years working in, exploring, and enjoying many of the communities that comprise Maine's 16 counties. I have developed particular knowledge of the following areas: Greater Portland, including Brunswick and Bath; Knox, Waldo & coastal Washington counties.

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Contact Details

Elizabeth Banwell

(207) 747-9308

[email protected]



2 City Ctr.
Portland, ME 04101

Maine Real Estate