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About This Home
This 2-bedroom, 2-bathroom single family at 242 Valley Street in Portland, ME is listed for $499,000 ($390 per sqft). Built in 1900, the home offers 1,281 sqft of living space on a 0.11 acres lot.
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.
Key Features
- Built in 1900
- 0.11 acre lot
Property Details
Monthly Cost Estimate
$2,669/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
242 Valley Street
Portland, ME 04102
Property Details
Flooring
Construction
Parking
Heating
Questions & Answers
This 2-bedroom, 2-bathroom single family at 242 Valley Street is listed at $499,000 ($390/sqft). The estimated monthly payment is $2,162 based on 20% down at 6.5% interest.
Key features include: Built in 1900, 0.11 acre lot.
This property is listed by Thomas Landry and can be reached at 2077750248 or LandryTeam@benchmarkmaine.com.