273 State Street, Portland, ME 04101
What's special
A Rare Opportunity to own a beautifully renovated, zoned multi-use property currently operating as the Mercury Inn. Lovingly owned and operated by the same owners for nearly 13 years, this reimagined 1890s Victorian mansion on Portland's peninsula is truly a gem. Fully renovated in 2019, this turnkey inn seamlessly blends historic character, thoughtful modern design, and exceptional flexibility. The second and third floors feature four spacious living room/bedroom guest suites, each with its own private bathroom and living room on each floor. Winding, turn-of-the-century staircases add to the property's distinctive historic charm. Guests also enjoy a shared kitchenette and a private reading nook on the second floor, creating inviting spaces to relax and unwind. The first floor offers a large, separate owner's apartment with soaring 10-foot ceilings, original period details, beautiful built-ins, and an abundance of historic charm. The apartment includes two bedrooms, two bathrooms, a full kitchen, and gorgeous formal dining and living rooms. The space could serve as comfortable owner's quarters or be reimagined as an additional income-producing unit, providing even more flexibility for the next owner. Outside, the property offers a private backyard and ample parking, making it especially well suited for an owner-occupied innkeeper or an investor seeking a flexible hospitality property. Whether you are an experienced investor, aspiring innkeeper, or entrepreneur looking to continue the legacy of this well-loved property, the Mercury Inn presents an exceptional opportunity to own a unique piece of Portland's thriving hospitality landscape. Ideally located this property is within easy walking distance of museums, acclaimed restaurants, shops, and the many attractions that make both the West End and downtown Portland so desirable. Historic charm. Modern convenience. Flexible zoning. Prime Portland location. A truly special opportunity.
- 44 days
- 1,104
- 53
Travel times
Living Room
Kitchen
Dining Room
Zillow last checked:
Listing updated:
Portside Real Estate Group
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 6
- Full bathrooms: 6
Bedroom 1
- Level: First
Bedroom 2
- Level: First
Bedroom 3
- Level: Second
Bedroom 4
- Level: Second
Bedroom 5
- Level: Third
Bedroom 6
- Level: Third
Den
- Level: Second
Dining room
- Level: First
Family room
- Level: Second
Family room
- Level: Third
Kitchen
- Level: First
Living room
- Level: Second
Living room
- Level: First
Living room
- Level: Third
Living room
- Level: Third
Heating
- Heat Pump, Hot Water
Cooling
- Heat Pump
Appliances
- Included: Cooktop, Dishwasher, Dryer, Electric Range, Refrigerator, Washer
Features
- 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Shower, Storage
- Flooring: Other, Wood, Ceramic Tile
- Basement: Bulkhead,Interior Entry,Full,Unfinished
- Number of fireplaces: 1
Interior area
- Total structure area: 5,472
- Total interior livable area: 5,472 sqft
- Finished area above ground: 5,472
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Parking features: Paved, 5 - 10 Spaces, On Site, Off Street
Features
- Patio & porch: Porch
Lot
- Size: 4,791 Square Feet
- Features: Historic District, City Lot, Near Shopping, Near Turnpike/Interstate, Level, Sidewalks
Details
- Zoning: RN-4
Construction
Type & style
- Home type: SingleFamily
- Architectural style: New Englander
- Property subtype: Single Family Residence
Materials
- Wood Frame, Aluminum Siding
- Foundation: Stone
- Roof: Slate
Condition
- Year built: 1894
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Portland
Financial & listing details
- Price per square foot: $218/sqft
- Annual tax amount: $20,572
- Date on market: 9/23/2026
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/23/2026 | Listed for sale | $1,195,000-14.6%$218/sqft |
Source: | ||
| 9/5/2025 | Listing removed | $1,399,000$256/sqft |
Source: | ||
| 7/10/2025 | Price change | $1,399,000-6.7%$256/sqft |
Source: | ||
| 4/29/2025 | Listed for sale | $1,500,000+100.3%$274/sqft |
Source: | ||
| 5/6/2013 | Listing removed | $749,000$137/sqft |
Source: Visual Tour #MLS#1085767 Report a problem | ||
| 4/5/2013 | Listed for sale | $749,000$137/sqft |
Source: Visual Tour #MLS#1085767 Report a problem | ||
| 7/18/2012 | Listing removed | $749,000$137/sqft |
Source: The Swan Agency Sotheby's International Realty #1039960 Report a problem | ||
| 6/21/2012 | Price change | $749,000-3.4%$137/sqft |
Source: The Swan Agency Sotheby's International Realty #1039960 Report a problem | ||
| 1/25/2012 | Listed for sale | $775,000$142/sqft |
Source: The Swan Agency Sotheby's International Realty #1039960 Report a problem | ||
Public tax history
Monthly payment
Estimated market value
$1,144,300
$1.09M - $1.20M
$7,079/mo
Climate risks
Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.