242 Valley ST new Save Request In-Person Tour Request Virtual Tour
Portland,ME 04102
Key Details
Property Type Residential
Sub Type Single Family Residence
Listing Status Active
Square Footage 1,281 sqft
Price per Sqft $311
Subdivision West End
MLS Listing ID 1633012
Style Other,New Englander
Bedrooms 2
Full Baths 1
Half Baths 1
Year Built 1900
Annual Tax Amount $3,853
Tax Year 2024
Lot Size 4,791 Sqft
Property Sub-Type Single Family Residence
Property Description
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.
Location
State ME
County Cumberland
Zoning B2b
Interior
Heating Hot Water
Cooling None
Flooring Wood,Vinyl,Carpet
Exterior
Parking Features No Driveway,On Street
Utilities Available 1
View Y/N No
Roof Type Shingle
Building
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
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Wood Frame
Schools
School District Portland Public Schools