31 Bates Street, Portland, ME 04103

New Listing
$1,395,000
Property Type: Multi-Family Baths: 3 Square Footage: 2,393 Lot Size (sq. ft.): 6,970 Status: Active
Current Price: $1,395,000 List Date: 6/24/2026 Last Modified: 6/25/2026

Description

Enjoy seasonal views of Back Cove and the Portland skyline from this rare three-unit property in one of the city's most desirable locations. Step out your door to the Back Cove Trail for morning walks, or enjoy coffee on your deck while taking in the water views. With strong rental income potential, this property offers the ideal opportunity to offset your mortgage while living in a premier setting. The owner-occupant third floor unit is filled with natural light and features 1 bedroom and 1 bathroom with an open kitchen, dining, and living area. Two private decks extend the living space outdoors, including one with views overlooking Back Cove. The second floor spans the entire level and offers exceptional light throughout. It includes a spacious living room, a separate dining room with original built-ins, a large kitchen, two well-sized bedrooms, and an updated bathroom. A private deck completes this inviting unit. The first floor also occupies the full level and features a sun-filled layout with a spacious living room and gas fireplace, a dining room with built-ins, and an updated kitchen with granite countertops and new cabinetry. This unit also enjoys a private deck for outdoor living. The basement provides dedicated storage for each unit along with coin-operated laundry. Additional amenities include parking for up to six vehicles between parking lot and a rare two-car garage. Numerous updates have been completed in recent years, making this a well-maintained and versatile investment opportunity. A truly special offering on Back Cove that combines location, views, and income potential.

Supplements: ********

More Information MLS# 1668759

Location Information

Street #: 31 Street Name: Bates Street Type: Street County: Cumberland Town: Portland State/Province: ME Zip Code: 04103 Zip +4: 5301 Leased Land: No Book: 22316 Page: 266 Map: 429 Lot: 7 Zoning: B-2b Zoning Overlay: Unknown Association: No Full Tax Amount $: 8792 Tax Year: 2026 Tree Growth Y/N: No Geo Lat: 43.679559 Geo Lon: -70.258877

Contract Information

Status: Active Original List Price: 1395000 List Price: $1,395,000 Current Price: $1,395,000

Property Information

Surveyed: No Seasonal: No Number of Units: 3 Total Baths: 3 Total Full Baths: 3 Color: Yellow Year Built: 1916 SqFt Finished Above Grade: 2393 SqFt Finished Total: 2393 SqFt Source: Public Records Furniture: Negotiable Garage: Yes Garage Spaces: 2 Lot Size Acres +/-: 0.16 Source of Acreage: Public Records

Water Info

Water Frontage: No Water View: Yes Water Body Name: Back Cove

Building Info

# Fireplaces: 1 # Stories: 3 # Floors: 3 # Water Heaters: 3

Units

# of 1 BD Units: 1 # of 2 BD Units: 2

Fixtures Exclusions

Fixtures Exclusions: Gas heater on 3rd floor will be removed

Unit 1

Lease: No Level: First Security Deposit: Yes Monthly Rent: 1860 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: Yes Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 2

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1780 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: Yes Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 3

Lease: No Level: Third Security Deposit: No # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: Yes Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Property Features

Site: Sidewalks; Well Landscaped Location: Near Town; Near Turnpike/Interstate; Neighborhood Roads: Public Water Body Type: Cove View: Scenic Style: Other Construction: Wood Frame Basement: Full; Unfinished Basement Entry: Doghouse; Interior Exterior: Vinyl Siding Roof: Shingle Heat System: Baseboard; Direct Vent Heater Heat Fuel: Gas Natural Water Heater: Gas Cooling: None Floors: Carpet; Wood Amenities: Laundry - Coin; One-Floor Living Patio and Porch Features: Deck Driveway: Common; Paved Parking: 5 - 10 Spaces Vehicle Storage: 2 Car; Detached Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public
Listing Office: Vitalius Real Estate Group, LLC
Last Updated: June - 25 - 2026
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. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.

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