Price History
$399,000
8/4/2025
$499,000
8/25/2025
242 Valley Street, Portland, ME, 04102
4 rooms
2 beds
1 Full / 1 Half baths
1900
Other, New Englander
1,281 sqft
A rare opportunity in Portland's vibrant St. John Street Valley neighborhood. This historic home has seen better days, but the foundation is solid and the potential is undeniable. Bring your tools, vision, and energy—this is a true sweat equity special, ideal for an owner-occupant, investor, or flipper looking to refurbish and resell for significant profit. The location is unbeatable: just off the peninsula and walkable to Maine Med, Mercy Hospital, Deering Oaks Park, Hadlock Field, the Western Prom, Portland's new pro soccer stadium, groceries, gastropubs, and more. Zoned B5—one of the city's most flexible and valuable zones—allowing residential, commercial, or mixed-use development up to 75' in height with limited setbacks. Whether you're looking to renovate, flip, or redevelop, this is a remarkable opportunity at just 399K. Sold as-is, where-is.
Status:
Active
Type:
Single-family residential
Zoning:
B2b
Frontage:
50
Subdivision:
West End
Heating:
Hot Water
Cooling:
None
Basement:
Interior, Walk-Out Access, Full, Partial, Unfinished
Parking:
No Driveway, On Street
Acreage:
0.11
Est. Taxes:
$3,853
Construction
Vinyl Siding, Wood Frame
Utilities
Utilities On
Lot Description:
Open, Level, Sidewalks, Interior Lot, Intown, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Public Transit, Near Railroad
MLS #:
1633012
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Benchmark Real Estate