86 Ocean Avenue, Portland, Maine Represented by Elizabeth Banwell Three solid investment options exist for this historic 1848 farmhouse in highly desirable Back Cove, one of the most livable & walkable neighborhoods in Portland. Single family home with legal apartment or up to 5 residential units. Options include: One, restore the spacious home & its established gardens – set back from the road on a large lot with mature trees & shrubs. Classic New England farmstead architectural features include the large brick fireplace, connecting kitchen to living areas; charming stairway and banister, and open landing to 4 bedrooms. Plantings, typical of old Maine homesteads, include lilac, roses, grape arbor, day lilies, hostas, tulips, herb & vegetable gardens, along with black walnut, cedar, fir & ash trees – all providing a wonderful backdrop for any avid gardener. Lot could easily accommodate a swimming pool, fruit trees or more extensive perennial &vegetable gardens. Two: Convert the existing barn/garage into legal ADU. Three: Investors & developers also benefit from the R-5 zoning & develop a maximum of (4) residential units plus an ADU. Solid groundwork has been laid for whichever route is pursued: inspection, survey & architect’s analysis of development potential available. Unbeatable options – all in walking & biking distance to Back Cove trail, Backyard Blooms, Coveside Coffee, Tipo, Big Sky Bread, and downtown Portland. Property is being sold ”as is.” Click for More Information on this beautiful Portland, Maine Real Estate Listing. Click for More Portland, Maine Homes For Sale. Click for more information on Living in Portland, Maine