240 Park Avenue, Portland, ME 04102
Local realty services provided by:CENTURY 21 Barbara Patterson
240 Park Avenue,Portland, ME 04102
$699,900
- - Beds
- 3 Baths
- 2,333 sq. ft.
- Multi-family
- Active
Office: elevate maine realty
MLS#:1684067
Source:ME_MREIS
Price summary
- Price:$699,900
- Price per sq. ft.:$300
About this home
**Looking for a Portland, Maine multi-family property that makes sense as both a home and an investment?** Welcome to 240 Park Avenue, a two-unit property offering six total bedrooms, three bathrooms, and the flexibility to live in one unit while generating rental income from the other, or add both units to an investment portfolio. The first-floor unit features two bedrooms, one bathroom, hardwood floors, generous natural light, and a practical layout with a spacious kitchen and ample cabinetry. Upstairs, the second unit spans two levels with four bedrooms, two bathrooms, expansive living areas, hardwood flooring, and access to a private balcony. Two distinct floor plans provide options for different rental strategies and owner-occupied living arrangements. From an investment standpoint, the property offers separately metered gas and electricity, individual water heaters, shared basement laundry, and garage storage. These existing features provide a solid starting point for buyers evaluating operating expenses, rental potential, and long-term ownership. **Location is a major part of the opportunity.** Positioned across from the Portland Expo and steps from Hadlock Field, home of the Portland Sea Dogs, 240 Park Avenue offers convenient access to downtown Portland, the Old Port, Maine Medical Center, the University of Southern Maine, and I-295. Nearby destinations include Hannaford, Whole Foods Market, local restaurants, coffee shops, fitness facilities, and shopping at the Maine Mall in South Portland. Whether you're exploring your first house hack, expanding an existing rental portfolio, or searching for a Portland duplex with multiple income possibilities, 240 Park Avenue deserves a closer look. **Two units, six bedrooms, separate utilities, and an in-town location — an opportunity worth running the numbers on.**...
Contact an agent
Home facts
- Year built:1897
- Subdivision & Development:n/a
- Listing ID #:1684067
- Updated:October 21, 2026 at 12:39 PM
Rooms and interior
- Total bathrooms:3
- Full bathrooms:3
- Flooring:Tile, Wood
- Basement Description:Bulkhead, Full, Unfinished
- Living area:2,333 sq. ft.
Heating and cooling
- Cooling:Window Unit (s)
- Heating:Direct Vent Furnace, Gas Natural, Heating, Hot Water, Steam
Structure and exterior
- Roof:Shingle
- Year built:1897
- Building area:2,333 sq. ft.
- Lot area:0.08 Acres
- Lot Features:Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood, Sidewalks
- Architectural Style:Victorian
- Construction Materials:Shingle Siding, Wood Frame
- Exterior Features:Deck, Porch
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$699,900
- Price per sq. ft.:$300
- Tax amount:$7,610 (2025)
Parking
- Parking description:1 - 4 Spaces, On Site, On Street, Paved
New listings near 240 Park Avenue
- Coming SoonOpen Thu, 4:30 to 6:30pm
$600,000Coming Soon3 beds 3 baths1,372 sq. ft.64 Regan Lane, Portland, ME 04103
MLS# 1684512Listed by: EXCELLENCE REALTY - New
$425,000Active2 beds 1 baths939 sq. ft.105 Edgeworth Avenue, Portland, ME 04103
MLS# 1685035Listed by: PORTSIDE REAL ESTATE GROUP - New
$1,025,000Active3 beds 3 baths2,854 sq. ft.28 Redlon Park Road, Portland, ME 04102
MLS# 1684998Listed by: TOWN & SHORE REAL ESTATE - New
$595,000Active3 beds 2 baths1,382 sq. ft.13 Atlantic Street #1, Portland, ME 04101
MLS# 1684988Listed by: LEGACY PROPERTIES SOTHEBY'S INTERNATIONAL REALTY - Open Sat, 12 to 2pmNew
$749,000Active4 beds 2 baths1,547 sq. ft.161 Wayside Road, Portland, ME 04102
MLS# 1684864Listed by: KELLER WILLIAMS REALTY - New
$679,000Active3 beds 2 baths1,861 sq. ft.26 Adelaide Street, Portland, ME 04103
MLS# 1684821Listed by: WAYPOINT BROKERS COLLECTIVE
$850,000Active Under Contract4 beds 2 baths1,896 sq. ft.40 Austin Street, Portland, ME 04103
MLS# 1684580Listed by: PORTSIDE REAL ESTATE GROUP- New
$899,000Active4 beds 4 baths2,556 sq. ft.67 Brentwood Street, Portland, ME 04103
MLS# 1684560Listed by: VITALIUS REAL ESTATE GROUP, LLC - New
$475,000Active2 beds 2 baths1,181 sq. ft.28 Tremaine Street, Portland, ME 04103
MLS# 1684567Listed by: VITALIUS REAL ESTATE GROUP, LLC