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  • $699,900

    240 Park Avenue, Portland, ME 04102

    6beds
    2,333sqft
    : 
    $4,791/mo
    Get pre-qualified
    Multi Family
    Built in 1897
    -- sqft lot
    $-- Zestimate®
    $300/sqft
    $-- HOA

    What's special

    Garage storageGenerous natural lightThree bathroomsAmple cabinetryHardwood floorsFour bedroomsSix total bedrooms
    **Looking for a Portland, Maine multi-family property that makes sense as both a home and an investment?** Welcome to 240 Park Avenue, a two-unit property offering six total bedrooms, three bathrooms, and the flexibility to live in one unit while generating rental income from the other, or add both units to an investment portfolio. The first-floor unit features two bedrooms, one bathroom, hardwood floors, generous natural light, and a practical layout with a spacious kitchen and ample cabinetry. Upstairs, the second unit spans two levels with four bedrooms, two bathrooms, expansive living areas, hardwood flooring, and access to a private balcony. Two distinct floor plans provide options for different rental strategies and owner-occupied living arrangements. From an investment standpoint, the property offers separately metered gas and electricity, individual water heaters, shared basement laundry, and garage storage. These existing features provide a solid starting point for buyers evaluating operating expenses, rental potential, and long-term ownership. **Location is a major part of the opportunity.** Positioned across from the Portland Expo and steps from Hadlock Field, home of the Portland Sea Dogs, 240 Park Avenue offers convenient access to downtown Portland, the Old Port, Maine Medical Center, the University of Southern Maine, and I-295. Nearby destinations include Hannaford, Whole Foods Market, local restaurants, coffee shops, fitness facilities, and shopping at the Maine Mall in South Portland. Whether you're exploring your first house hack, expanding an existing rental portfolio, or searching for a Portland duplex with multiple income possibilities, 240 Park Avenue deserves a closer look. **Two units, six bedrooms, separate utilities, and an in-town location — an opportunity worth running the numbers on.**
    2 days
    95
    6

    Zillow last checked:

    Listing updated:

    Listed by:

    Elevate Maine Realty

    Source: Maine Listings,MLS#: 1684067MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Direct Vent Furnace, Hot Water, Steam
      Cooling
      • Window Unit(s)
      Features
      • Flooring: Tile, Wood
      • Basement: Bulkhead,Full,Unfinished
      Interior area
      • Total structure area: 2,333
      • Total interior livable area: 2,333 sqft
      • Finished area above ground: 2,333
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Paved, 1 - 4 Spaces, On Site, On Street
      • Has uncovered spaces: Yes
      Features
      • Patio & porch: Deck, Porch
      Lot
      • Size: 3,484 Square Feet
      • Features: City Lot, Near Shopping, Near Turnpike/Interstate, Neighborhood, Sidewalks
      Details
      • Additional structures: Shed(s)
      • Zoning: R6

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Other,Victorian
      • Property subtype: Multi Family
      Materials
      • Wood Frame, Shingle Siding
      • Roof: Shingle
      Condition
      • Year built: 1897

      Utilities & green energy

      • Electric: On Site, Circuit Breakers
      • Sewer: Public Sewer
      • Water: Public
      Green energy
      • Energy efficient items: Water Heater

      Community & HOA

      Location
      • Region: Portland

      Financial & listing details

      • Price per square foot: $300/sqft
      • Annual tax amount: $7,610
      • Date on market: 10/13/2026
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        10/13/2026Listed for sale$699,900-2.7%$300/sqft
        Source: Maine Listings #1684067 Report a problem
        9/22/2026Listing removed$719,000$308/sqft
        Source: Maine Listings #1667394 Report a problem
        8/13/2026Price change$719,000-2.2%$308/sqft
        Source: Maine Listings #1667394 Report a problem
        7/26/2026Price change$735,000-2%$315/sqft
        Source: Maine Listings #1667394 Report a problem
        6/16/2026Listed for sale$750,000+12.8%$321/sqft
        Source: Maine Listings #1667394 Report a problem
        3/1/2024Sold$665,000-5%$285/sqft
        Source: Maine Listings #1579738 Report a problem
        1/16/2024Pending sale$700,000$300/sqft
        Source: Maine Listings #1579738 Report a problem
        1/2/2024Listed for sale$700,000+191.7%$300/sqft
        Source: Maine Listings #1579738 Report a problem
        1/25/2013Sold$240,000+128.6%$103/sqft
        Source: Maine Listings #1065226 Report a problem
        9/15/2011Sold$105,000$45/sqft
        Source: Maine Listings #1027345 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Valley Street

        Getting around

        88 / 100
        Very Walkable
        51 / 100
        Good Transit
        72 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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