50 Alder Street, Portland, ME 04101

$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 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… Read MoreRead Less

Courtesy of EXP Realty 888-439-8743

Listing Snapshot

Days Online

Last Updated

Sep 27, 2025

Full Baths

Square Ft.

3,653

Lot Size

0.13 Acres

Year Built

1850

MLS Number

1630079

Additional Details

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

Heating

Heating: "Wood Stove", "Hot Water", "Baseboard", Heating Included

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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30 Days Snapshot Of 04101

$909k

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50 Alder Street

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