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Listed by Aaron Lapid Elevate Maine Realty
$699,900
Est. payment /mo
3 Baths
2,333 SqFt
Exclusive Listing
Active
240 Park AVE Portland, ME 04102
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,333 sqft
Price per Sqft $300
MLS Listing ID 1684067
Full Baths 3
HOA Y/N No
Year Built 1897
Tax Year 2025
Lot Size 3,484 Sqft
Acres 0.08
Source Maine Listings
Land Area 2333
Property Description
**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.**
Location
State ME
County Cumberland
Zoning R6
Rooms
Other Rooms Shed(s)
Basement Bulkhead, Full, Unfinished
Interior
Heating Gas Natural, Direct Vent Furnace, Hot Water, Steam
Cooling Window Unit(s)
Flooring Tile, Wood
Exterior
Parking Features Paved, 1 - 4 Spaces, On Site, On Street
Roof Type Shingle
Porch Deck, Porch
Garage No
Building
Lot Description Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood, Sidewalks
Water Public
Architectural Style Other, Victorian
Others
Tax ID PTLD-000053-A000009-000001
