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242 Valley Street, Portland, ME 04102

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Listing Type
Single Family
Listing Status
Active
40
Overview
Features
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Transportation
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$499,000

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Home Details for 242 Valley Street
Price
$499,000
Type
Single Family
Bedrooms
2
Total Bathrooms
2
Full Bathrooms
1
Half Bathrooms
1
Year Build
1900
Sq. Ft.
1281
Lot Size
0.11
County
Cumberland
Total Rooms
4
Basement
Walk-Out Access, Full, Partial, Unfinished
Tax
$3,853
MLS®️ Listing#
1633012
Property 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.
Property Features
Listing Courtesy: Benchmark Real Estate - 207-775-0248
mls_iconListing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.
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