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381 Deering Avenue, Portland, ME 04103

Portland
Local realty services provided by:CENTURY 21 North East
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...

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Home facts

  • Year built:1925
  • Listing ID #:1675729
  • Updated:October 04, 2026 at 10:16 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
MLS LogoMREIS Multiple Listing Service™ systemListing 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. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved ME_MREIS Member Broker: Jim D’Amico

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