240 Park Avenue, Portland, ME 04102
Local realty services provided by:ERA Dawson-Bradford Co., REALTORS
240 Park Avenue,Portland, ME 04102
$699,900
- - Beds
- 3 Baths
- 2,333 sq. ft.
- Multi-family
- Active
Upcoming open houses
- Sat, Oct 3101:00 pm - 03:00 pm
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.**...
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Home facts
- Year built:1897
- Subdivision & Development:n/a
- Listing ID #:1684067
- Updated:October 28, 2026 at 06:16 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
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