50 Alder St, Portland, ME 04101

Be part of Baysides exciting transformationone of Portlands 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 Portlands 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 workshopideal for a creative or trade businessand off-street parking adds daily convenience. Just steps to Bayside Bowl and minutes to Trader Joes, 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 spaceperfect for finishing to expand value. With permits, theres 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 tax records showabout 3,936 sq ft total. The property sits on a 6,076 sq ft lot in the B2b zone, which allows for medium-scale mixed-use and multifamily development. Zoning permits up to 13 residential un