# 103 Read Street, Portland, ME 04103 > **TL;DR:** land, $1,500,000. Est. $8,023/mo. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,500,000 | | Lot Size | 61,420 sqft (1.41 acres) | | Property Type | Land (Other) | | Status | Active | | Days on Market | 0 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $7,585 | | Estimated Insurance | $438 | | **Total** | **$8,023** | ## Property Highlights - 1.41 acre lot ## Description ### Agent Description 103 Read Street presents a substantial 1.41 acre offering in Portland, combining an existing three unit property with three additional vacant lots and compelling long term potential. The existing multi-family includes three residential units, while the additional acreage creates an opportunity to explore a range of future uses or development possibilities. A conceptual development plan explores the potential of an 8-16 unit Cottage Court community, subject to municipal review and approvals. The location offers convenient access to Back Cove, Baxter Boulevard, Payson Park, USM, downtown Portland, public transportation, and major commuter routes. With significant acreage in an established Portland neighborhood, 103 Read Street offers an intriguing opportunity for an investor, developer, or buyer looking to take a longer term approach to the property. Property is being sold as-is. ## Location - **Address:** 103 Read Street, Portland, ME 04103 - **County:** Cumberland - **Coordinates:** 43.681791, -70.282337 - **Google Maps:** https://www.google.com/maps?q=43.681791,-70.282337 ## Listing Agent - **Name:** David Banks - **Brokerage:** RE/MAX By The Bay - **Broker Phone:** (207) 773-2345 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/103-Read-St_Portland_ME_04103_M49638-25357?f=listhub&s=MREISME&m=1677063&c=propsimple) ## Photos ![103 Read Street - Photo 1](http://lh.rdcpix.com/fc9b6b1085822cdade184453869169a2l-f3758714243r.jpg) ![103 Read Street - Photo 2](http://lh.rdcpix.com/fc9b6b1085822cdade184453869169a2l-f2899616703r.jpg) ![103 Read Street - Photo 3](http://lh.rdcpix.com/fc9b6b1085822cdade184453869169a2l-f3479237710r.jpg) ![103 Read Street - Photo 4](http://lh.rdcpix.com/fc9b6b1085822cdade184453869169a2l-f2263523355r.jpg) ![103 Read Street - Photo 5](http://lh.rdcpix.com/fc9b6b1085822cdade184453869169a2l-f3598752015r.jpg) ![103 Read Street - Photo 6](http://lh.rdcpix.com/fc9b6b1085822cdade184453869169a2l-f967689530r.jpg) --- **MLS#:** 1677063 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/103-read-street-portland-me-04103-b412f04cc2fa40ca811fe61bd068866a) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/103-read-street-portland-me-04103-b412f04cc2fa40ca811fe61bd068866a#listing", "url": "https://staging.propertysimple.ai/listing/103-read-street-portland-me-04103-b412f04cc2fa40ca811fe61bd068866a", "name": "103 Read Street, Portland, ME 04103", "description": "103 Read Street presents a substantial 1.41 acre offering in Portland, combining an existing three unit property with three additional vacant lots and compelling long term potential. 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