**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.**
Active
$699,900
240 Park Avenue, Portland, ME 04102
6beds
2,333sqft
Multi Family
Built in 1897
-- sqft lot
$-- Zestimate®
$300/sqft
$-- HOA
What's special
Garage storageGenerous natural lightThree bathroomsAmple cabinetryHardwood floorsFour bedroomsSix total bedrooms
- 2 days
- 95
- 6
Zillow last checked:
Listing updated:
Listed by:
Elevate Maine Realty
Source: Maine Listings,MLS#: 1684067
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
| Date | Event | Price |
|---|---|---|
| 10/13/2026 | Listed for sale | $699,900-2.7%$300/sqft |
Source: | ||
| 9/22/2026 | Listing removed | $719,000$308/sqft |
Source: | ||
| 8/13/2026 | Price change | $719,000-2.2%$308/sqft |
Source: | ||
| 7/26/2026 | Price change | $735,000-2%$315/sqft |
Source: | ||
| 6/16/2026 | Listed for sale | $750,000+12.8%$321/sqft |
Source: | ||
| 3/1/2024 | Sold | $665,000-5%$285/sqft |
Source: | ||
| 1/16/2024 | Pending sale | $700,000$300/sqft |
Source: | ||
| 1/2/2024 | Listed for sale | $700,000+191.7%$300/sqft |
Source: | ||
| 1/25/2013 | Sold | $240,000+128.6%$103/sqft |
Source: | ||
| 9/15/2011 | Sold | $105,000$45/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment








