50 Alder Street
Portland, ME 04101
Baths
3
Square Ft.
3,653
$680,000
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… Read More 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. Read Less
Courtesy of EXP Realty 888-439-8743
Listing Snapshot
Days Online
135
Last Updated
Full Baths
3
Square Ft.
3,653
Lot Size
0.13 Acres
Year Built
1850
MLS Number
1630079
30 Days Snapshot Of 04101
$1.05M
+12%
(avg) sold price
8
-55%
homes sold
57
-58%
(avg) days on market
Snapshot
Area Map
Additional Details
Heating
Heating Included, Heating: "Wood Stove", "Hot Water", "Baseboard"
Property Access
Road Surface Type: "Paved"
Basement
Basement: "Interior", "Full", "Unfinished"
Building
Architectural Style: "Colonial", Building Area Total: 3,653, Construction Materials: "Vertical Siding", "Wood Frame", Number Of Units Total: 2, Year Built: 1850
Cooling
Cooling: "None"
Expenses
Operating Expense: $16,000
Exterior Features
Patio And Porch Features: "Porch", Patio And Porch Features: "Porch"
Floors
Flooring: "Wood", "Tile", "Carpet"
Foundation
Foundation Details: "Brick/Mortar"
Garage
Garage Included, 2 garage spaces
Income
Gross Income: $78,000
Laundry
Features: "Laundry - 1st Floor", "Main Level"
Lot
Features: "Level", "Intown", 0.13 acres, Area: 0.13, 5,663 square feet
Parking
Features: "1 - 4 Spaces", "Paved"
Pets Policy
Pets Allowed: "No Restrictions"
Property
Occupant Type: "Owner", Parcel Number: PTLD-000033-C000016-000001, Zoning: B2b
Roof
Roof: "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $9,848, Tax Lot: 16+17
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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