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238 Preble Street, 
South Portland, ME 04106

$1,195,000

—

Bed

4

Baths

3,812

Sq Ft

Multi-Family

Pending

Listed by

Hugh O'Shea

Cottage & Co Real Estate

Last updated:

May 15, 2026, 03:52 PM

MLS#

1661201

Source:

ME MREIS

About This Home

238 Preble Street

Located in the highly desirable Willard Beach neighborhood of South Portland, 238 Preble Street presents a rare opportunity to own a well-maintained 4-unit investment property just moments from the beach and vibrant Willard Square. Each spacious unit offers 2 bedrooms and 1 bathroom, providing strong rental appeal in one of Southern Maine's most sought-after coastal communities. Three of the four units have been fully renovated, featuring updated kitchens, baths, flooring, and modern finishes while maintaining the property's classic New England charm. Tenants enjoy easy access to Willard Beach, local restaurants, coffee shops, markets, and downtown Portland just minutes away. Whether you're looking to expand your portfolio or owner-occupy with additional rental income, this property combines location, lifestyle, and investment potential in an exceptional package.

Home Facts

Multi-Family

4 Baths

Built in 1970

Price Summary

1,195,000

$313 per Sq. Ft.

MLS #:

1661201

Last Updated:

May 15, 2026, 03:52 PM

Rooms & Interior

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

3,812 Sq. Ft.

Structure

Structure

Building Area:

3,812 Sq. Ft.

Year Built:

1970

Lot

Lot Size (Sq. Ft):

12,196

Finances & Disclosures

Finances

Price:

$1,195,000

Price per Sq. Ft:

$313 per Sq. Ft.

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MREIS Multiple Listing Service™ systemListing 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. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.