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50 Alder Street, Portland, ME 04101

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For Sale

$800,000

3 baths • 3,653 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • $219.00
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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. 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 one unit and 3 bedrooms in the other. There may be potential to add an additional unit within the existing building, with permits. Situated on a 6,076 square foot lot, the B2b zone allows for medium-scale mixed-use and multifamily development. Existing zoning allows this parcel to support up to 13 residential units by right (buyer to verify with the city). In addition to the duplex, the detached garage includes a workshop area ideal for storage, a creative studio, or business-related use. Off-street parking adds convenience for residents or future occupants. Invest in one of Portland's most walkable neighborhoods, steps away from Bayside Bowl, with Whole Foods, Trader Joe's, the Old Port and the Arts District all within easy reach. This walker's paradise has a walkscore of 98 out of 100. Whether you plan to live in one unit, rent both, or explore the property's full redevelopment potential, 50 Alder Street is a versatile opportunity in a fast-evolving part of the city. Showings start on Saturday, July 19th for the open house from 10am to 12pm.
MLS# 1630079

Courtesy Of EXP REALTY LLC
PO Box 864, Rangeley, ME 04970
(888) 439-8743

Open Houses

July

19

Saturday

In Person

Saturday, July 19, 2025

8:00AM - 10:00AM

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Porch
  • Architecture Style
    Colonial
  • Floor Covering
    Carpet, Tile, Wood
  • Heating System
    Baseboard
  • Lot Size
    0.13 Acres

Map and Directions

Directions to 50 Alder Street, Portland, ME 04101

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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