# 242 Valley Street, Portland, ME 04102

> **TL;DR:** 2bd/2ba single family, $499,000 ($390/sqft), built 1900, 1,281 sqft. Est. $2,162/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $499,000 |
| Price/sqft | $390 |
| Bedrooms | 2 |
| Bathrooms | 1 full, 1 half |
| Square Feet | 1,281 |
| Year Built | 1900 |
| Lot Size | 4,792 sqft (0.11 acres) |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,162 |
| **Total** | **$2,162** |

## Property Highlights

- Built in 1900
- 0.11 acre lot

## Description

### Agent Description
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.

## Location

- **Address:** 242 Valley Street, Portland, ME 04102
- **County:** Cumberland
- **Coordinates:** 43.652234, -70.278534
- **Google Maps:** https://www.google.com/maps?q=43.652234,-70.278534

## Listing Agent

- **Name:** Thomas Landry
- **Brokerage:** Benchmark Real Estate
- **Phone:** 2077750248
- **Email:** LandryTeam@benchmarkmaine.com

## Primary Photo

![242 Valley Street - Primary Photo](http://lh.rdcpix.com/f02d05af1218a260457fb568d79d093cl-f2323619558r.jpg)

*40 total photos available on [listing page](https://www.propertysimple.com/listing/242-valley-street-portland-me-04102-1633012)*

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**MLS#:** 1633012 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/242-valley-street-portland-me-04102-1633012)

---

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