Residential $ 499,000

242 Valley ST

Portland, ME 04102

  • 2 Beds
  • 2 Baths
    Full Baths: 1 Half Baths: 1
  • 1,281 SqFt
  • 4,791 Lot Size
  • 1900 Year Built
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.
Listed by Benchmark Real Estate

GALLERY

242 Valley ST, Portland, ME 04102
242 Valley ST, Portland, ME 04102
242 Valley ST, Portland, ME 04102
242 Valley ST, Portland, ME 04102
242 Valley ST, Portland, ME 04102
242 Valley ST, Portland, ME 04102
242 Valley ST, Portland, ME 04102
242 Valley ST, Portland, ME 04102

PROPERTY DETAIL

  • Key Details

    Property Type Residential

    Sub Type Single Family Residence

    Listing Status Active

    Square Footage 1, 281 sqft

    Price per Sqft $389

    Subdivision West End

    MLS Listing ID 1633012

    Style Other, New Englander

    Bedrooms 2

    Full Baths 1

    Half Baths 1

    HOA Y/N No

    Abv Grd Liv Area 1,281

    Year Built 1900

    Annual Tax Amount $3,853

    Tax Year 2024

    Lot Size 4,791 Sqft

    Acres 0.11

    Property Sub-Type Single Family Residence

    Source Maine Listings

    Land Area 1281

  • Location

    State ME

    County Cumberland

    Zoning B2b

  • Rooms

    Basement Interior, Walk-Out Access, Full, Partial, Unfinished

    Master Bedroom Second

    Bedroom 2 Second

    Living Room First

    Kitchen First

  • Building

    Lot Description Open, Level, Sidewalks, Interior Lot, Intown, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Public Transit, Near Railroad

    Sewer Public Sewer

    Water Public

    Architectural Style Other, New Englander

    Structure Type Vinyl Siding,Wood Frame

  • Interior

    Heating Hot Water

    Cooling None

    Flooring Wood, Vinyl, Carpet

    Fireplace No

  • Exterior

    Parking Features No Driveway, On Street

    Utilities Available 1

    View Y/N No

    Roof Type Shingle

    Street Surface Paved

    Garage No

  • Schools

    School District Portland Public Schools

  • Others

    Restrictions Unknown

    Energy Description Oil

CONTACT

Tom Landry
Tom Landry
Email: landryteam@benchmarkmaine.com Tel: +1(207) 775-0248

GET IN TOUCH

Your Full Name
Your Phone Number*
Write Your Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Benchmark Real Estate, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Powered by Lofty Inc. Copyright 2026. All Rights Reserved. Privacy Policy & TOS