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  • $399,000

    242 Valley Street, Portland, ME 04102

    2beds
    1,281sqft
    : 
    Single Family Residence
    Built in 1900
    4,791.6 Square Feet Lot
    $-- Zestimate®
    $311/sqft
    $-- HOA

    What's special

    Historic home
    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.
    4 hours
    on Zillow
    |
    198
    |
    5
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    Zillow last checked: 7 hours ago

    Listing updated: 11 hours ago

    Listed by:

    Benchmark Real Estate

    Source: Maine Listings,MLS#: 1633012MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 242 Valley Street.

    Next available tour time:Tomorrow at 11am

    Open houses

    • Fri, Aug 8

      10:00 AM - 12:00 PM

    • Mon, Aug 11

      10:00 AM - 12:00 PM

    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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