For Sale Multi-Family MLS# 1684067

240 Park Avenue

Portland, ME 04102

$699,900

maine_real_estate_information_system_inc_statewide_mls logo

Listing Office

Officemaine_real_estate_information_system_inc_statewide_mls logoElevate Maine Realty

About 240 Park Avenue

**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.**

Property details

Property

Type
multi
Year built
1897
Living area
2,333 sqft
Price / sqft
$300
Lot
0.08 ac
List date
Oct 13, 2026

Schools

District
Portland

Location

Neighborhood
Valley Street

Location

Neighborhood
Valley Street
Subdivision
n/a
School district
Portland

Ask about this property

Questions on 240 Park Avenue, Portland, ME 04102, or want to see it in person?

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.