240 Park AVE, Portland, ME 04102
240 Park AVE, Portland, ME 04102
240 Park AVE, Portland, ME 04102
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Listed by Aaron Lapid Elevate Maine Realty
$699,900
Est. payment /mo
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3 Baths
2,333 SqFt
Exclusive Listing
Open Sat 1PM-3PM

240 Park AVE Portland, ME 04102

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Elevate Maine Realty

Elevate Maine Realty

+1(207) 331-4565

Open House

Sat Oct 17, 1:00pm - 3:00pm

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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

Maine MLS (MREIS) IDX

Nearby Locations

Elevate Maine Realty

Please Contact Me For More Information.

+1(207) 331-4565

info@elevatemaine.com

211 US-1, Falmouth, ME 04105-1301, USA

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240 Park AVE