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  • $985,000

    224 Valley Street, Portland, ME 04102

    8beds
    2,911sqft
    : 
    $6,349/mo
    Get pre-qualified
    Multi Family
    Built in 1900
    -- sqft lot
    $948,700 Zestimate®
    $338/sqft
    $-- HOA

    What's special

    Natural gas heatCoin-operated laundryBright sun-filled unit
    Owner-occupied or exceptional investment opportunity in Portland! This well-maintained four-unit property features an attractive unit mix of two 1-bedroom, 1-bath apartments and two spacious 3-bedroom, 1-bath apartments. Each bright, sun-filled unit offers private deck or balcony access, providing desirable outdoor space for tenants. As an owner-occupied, you would have the potential of being exempt from Portland's rent control restrictions. Recent capital improvements include a new roof in 2025 and a new natural gas boiler in 2024, offering peace of mind for years to come. Additional amenities include coin-operated laundry, natural gas heat, and a large in-town lot with ample off-street parking. Conveniently located near the Western Promenade, downtown Portland, local restaurants, parks, shopping, and public transportation, this property offers strong rental appeal and easy access to many of the area's amenities. With a solid rental history, valuable recent updates, and a versatile unit mix, this is an excellent opportunity for investors looking to expand their portfolio in Portland's thriving rental market.
    49 days
    |
    415
    |
    15
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Keller Williams Realty 207-553-2400

    Source: Maine Listings,MLS#: 1668670MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Baseboard, Hot Water
      Cooling
      • None
      Features
      • Bathtub, Shower, Storage
      • Flooring: Carpet, Vinyl, Wood
      • Basement: Exterior Entry,Walk-Out Access,Partial
      Interior area
      • Total structure area: 2,911
      • Total interior livable area: 2,911 sqft
      • Finished area above ground: 2,911
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Common, Paved, 5 - 10 Spaces, On Site, Off Street
      Features
      • Stories: 3
      • Patio & porch: Deck
      Lot
      • Size: 4,791 Square Feet
      • Features: City Lot, Near Shopping, Near Turnpike/Interstate, Neighborhood, Rolling Slope, Sidewalks
      Details
      • Parcel number: PTLDM064BD019001
      • Zoning: R6
      • Other equipment: Internet Access Available

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Victorian
      • Property subtype: Multi Family
      Materials
      • Wood Frame, Wood Siding
      • Foundation: Stone, Brick/Mortar
      • Roof: Shingle
      Condition
      • Year built: 1900

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Utilities On

      Community & HOA

      Location
      • Region: Portland

      Financial & listing details

      • Price per square foot: $338/sqft
      • Tax assessed value: $659,700
      • Annual tax amount: $9,902
      • Date on market: 6/24/2026
      • Road surface type: Paved

        Estimated market value

        $948,700

        $901,000 - $996,000

        $2,474/mo

        Price history

        DateEventPrice
        6/24/2026Listed for sale$985,000+126.4%$338/sqft
        Source: Maine Listings #1668670 Report a problem
        2/25/2016Sold$435,000$149/sqft
        Source: Maine Listings #1239265 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$9,506 $659,700
        2023$9,506 +5.9%$659,700
        2022$8,979 +37.5%$659,700 +135.5%
        2020$6,529 $280,100
        2019$6,529 +3.7%$280,100
        2018$6,297 +3.8%$280,100
        2017$6,064 +2.6%$280,100
        2016$5,913 +2.3%$280,100
        2015$5,778 +3.1%$280,100
        2014$5,602 +3%$280,100
        2013$5,437 +3.1%$280,100
        2012$5,271 +2.9%$280,100
        2011$5,120 +3%$280,100
        2009$4,969 $280,100
        2008$4,969 +8.8%$280,100
        2006$4,568 $280,100
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Valley Street

        Getting around

        89 / 100
        Very Walkable
        51 / 100
        Good Transit
        68 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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