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242 Valley Street, 
Portland, ME 04102

$399,000


2

Beds


2

Baths


1,281

Sq Ft


Single Family

Active

Listed by

Thomas Landry

Benchmark Real Estate

Last updated:

August 4, 2025, 09:56 PM

MLS#

1633012

Source:

ME MREIS

About This Home

242 Valley Street

Group showings Friday 8/8 & Monday 8/11 from 10-12. No appointment necessary. 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.

Home Facts

Single Family

2 Baths

2 Bedrooms

Built in 1900

Price Summary

399,000

$311 per Sq. Ft.

MLS #:

1633012

Last Updated:

August 4, 2025, 09:56 PM


Rooms & Interior

Bedrooms

Total Bedrooms:

2

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

1

Interior

Living Area:

1,281 Sq. Ft.


Structure

Structure

Architectural Style:

New Englander

Building Area:

1,281 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

4,791


Finances & Disclosures

Finances

Price:

$399,000

Price per Sq. Ft:

$311 per Sq. Ft.

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MREIS Multiple Listing Service™ system Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2023 Maine Real Estate Information System, Inc. All Rights Reserved
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242 Valley Street
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Mon, Aug 11
10:00 AM12:00 PM

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