Group showings Friday 8/8 & Monday 8/11 from 10-12. No appointment necessary. A rare opportunity in Portland's vibrant St. John Street Valley neighborhood. This historic home has seen better days, but the foundation is solid and the potential is undeniable. Bring your tools, vision, and energy—this is a true sweat equity special, ideal for an owner-occupant, investor, or flipper looking to refurbish and resell for significant profit. The location is unbeatable: just off the peninsula and walkable to Maine Med, Mercy Hospital, Deering Oaks Park, Hadlock Field, the Western Prom, Portland's new pro soccer stadium, groceries, gastropubs, and more. Zoned B5—one of the city's most flexible and valuable zones—allowing residential, commercial, or mixed-use development up to 75' in height with limited setbacks. Whether you're looking to renovate, flip, or redevelop, this is a remarkable opportunity at just 399K. Sold as-is, where-is.
Active
$399,000
242 Valley Street, Portland, ME 04102
2beds
1,281sqft
Est.:
Single Family Residence
Built in 1900
4,791.6 Square Feet Lot
$-- Zestimate®
$311/sqft
$-- HOA
What's special
Historic home
- 4 hours
- on Zillow |
- 198 |
- 5 |
Zillow last checked: 7 hours ago
Listing updated: 11 hours ago
Listed by:
Benchmark Real Estate
Source: Maine Listings,MLS#: 1633012

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Open houses
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Bedroom 1
- Level: Second
Bedroom 2
- Level: Second
Kitchen
- Level: First
Living room
- Level: First
Heating
- Hot Water
Cooling
- None
Features
- Flooring: Wood, Vinyl, Carpet
- Basement: Interior,Walk-Out Access,Full,Partial,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,281
- Total interior livable area: 1,281 sqft
- Finished area above ground: 1,281
- Finished area below ground: 0
Property
Parking
- Parking features: No Driveway, On Street
- Has uncovered spaces: Yes
Features
- Levels: Multi/Split
Lot
- Size: 4,791.6 Square Feet
- Features: Open Lot, Level, Sidewalks, Interior Lot, City Lot, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Public Transit, Near Railroad
Details
- Parcel number: PTLDM064BD013001
- Zoning: B2b
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other,New Englander
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Wood Frame
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & HOA
Community
- Subdivision: West End
Location
- Region: Portland
Financial & listing details
- Price per square foot: $311/sqft
- Tax assessed value: $256,700
- Annual tax amount: $3,853
- Date on market: 8/4/2025
- Road surface type: Paved
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