551 Shore Road, Cape Elizabeth, ME 04107

New Listing

$1,200,000

Property Type: Multi-Family Baths: 3 Square Footage: 4,537 Lot Size (sq. ft.): 10,454 Status: Active

Current Price: $1,200,000 List Date: 7/29/2026 Last Modified: 7/29/2026

Overview

Description

Set along one of Cape Elizabeth's most recognizable stretches of Shore Road, this three-unit property sits across from the Cookie Jar and just down the road from Rosemont Market, Cliff House Beach and the coastline beyond. Inside are three distinct residences, ranging from a spacious one-bedroom to two three-bedroom units, each with its own dedicated office and covered front porch. Hardwood floors, leaded glass details and original character give the building a sense of place, while separate heating systems and hot water heaters offer practical independence between units. Zoned BA, the property brings an added layer of flexibility to an already unique offering. Whether considered as an investment, an owner-occupied property, or something more creative over time, this is a one-of-a-kind opportunity in the heart of Cape Elizabeth's Shore Road corridor.

Listing Details MLS# 1673890

Location Information

Street #: 551
Street Name: Shore
Street Type: Road
County: Cumberland
Town: Cape Elizabeth
State/Province: ME
Zip Code: 04107
Zip +4: 1027
Leased Land: No
Book: 34894
Page: 102
Map: U01
Lot: 7
Zoning: BA + RC
Zoning Overlay: No
Association: No
Full Tax Amount $: 14807
Tax Year: 2026
Tree Growth Y/N: No

Contract Information

Original List Price: 1200000

Property Information

Surveyed: Unknown
Seasonal: No
Owner Occupied: No
Number of Units: 3
Total Baths: 3
Total Full Baths: 3
Year Built: 1875
SqFt Finished Above Grade: 4537
SqFt Finished Total: 4537
SqFt Source: Public Records
Garage: No
Lot Size Acres +/-: 0.24
Source of Acreage: Public Records
Total Half Baths: 0
SqFt Finished Below Grade: 0

Water Info

Water Frontage: No
Water View: Yes
Water Body Name: Atlantic

Building Info

# Fireplaces: 2
# Stories: 3
# Heating Units: 3
# Water Heaters: 3

Units

# of 1 BD Units: Yes
# of 3 BD Units: 2

More Information

Unit 1

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 2000
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: Yes
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: 2100
# Full Baths: Yes
# of Rooms: 8
# of Bedrooms: 3
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: First
Security Deposit: No
Monthly Rent: 1630
# Full Baths: Yes
# of Rooms: 7
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Site

Level: Yes
Open: Yes

Location

Near Public Beach: Yes
Near Shopping: Yes
Near Town: Yes

Roads

Paved: Yes
Public: Yes

Water Body Type

Ocean: Yes

Recreational Water

Nearby: Yes
Oceanfront: Yes
Public: Yes

Style

Shingle: Yes

Construction

Wood Frame: Yes

Basement

Full: Yes
Unfinished: Yes

Exterior

Shingle Siding: Yes
Vinyl Siding: Yes

Roof

Shingle: Yes

Heat System

Steam: Yes

Heat Fuel

Gas Natural: Yes

Income & Expenses

Gross Income: 68700
Operating Expenses: 28578

Cooling

None: Yes

Floors

Vinyl: Yes
Wood: Yes

Parking

5 - 10 Spaces: Yes

Electric

Circuit Breakers: Yes

Gas

Natural - On Site: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Driveway

Paved: Yes

Basement Entry

Interior: Yes

Water Heater

Tank: Yes

Amenities

1st Floor Bedroom: Yes
Laundry - Hookup: Yes

Patio and Porch Features

Deck: Yes
Porch: Yes

Vehicle Storage

No Vehicle Storage: Yes

Property Features

Site: Level; Open Location: Near Public Beach; Near Shopping; Near Town Roads: Paved; Public Water Body Type: Ocean Recreational Water: Nearby; Oceanfront; Public Style: Shingle Construction: Wood Frame Basement: Full; Unfinished Basement Entry: Interior Exterior: Shingle Siding; Vinyl Siding Roof: Shingle Heat System: Steam Heat Fuel: Gas Natural Water Heater: Tank Cooling: None Floors: Vinyl; Wood Amenities: 1st Floor Bedroom; Laundry - Hookup Patio and Porch Features: Deck; Porch Driveway: Paved Parking: 5 - 10 Spaces Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public

Documents

Property Disclosure Public Access ›

Income + Expense Sheet ›

Arsenic Wood ›

Deed Public Access ›

Listing Office: Portside Real Estate Group

Last Updated: July - 29 - 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.