238 Preble StreetSouth Portland, ME 04106MLS Number 1661201

Price: $1,195,000
Est. Mortgage of $/month
14 Days on Market

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.

More Info

Tax Information

Parcel Number SPOR-000005-000000-000098
Taxes$11,720

Location

Address238 Preble Street
Building Number238
CountyCumberland
LocationNear Country Club, Near Public Beach, Near Town, Neighborhood, Suburban
StateME
StreetPreble Street
SubdivisionNone
TownSouth Portland
Zip04106

Utilities

Electric Circuit Breakers
Heat SystemElectric, Gas Natural, Baseboard, Zoned, Space Heater
Heating YN Yes
Recreational Water Nearby
Utilities Utilities On
Waste Water DisposalPublic Sewer

School Information

High School DistrictSouth Portland Public Schools

Basic Information

List Price$1,195,000
MLS Number1661201
Property TypeMulti-Family
StatusPEN

Property

Other Structures Shed(s)
Sign On Property YN Yes
Site Corner Lot, Level, Open

Exterior

RoofPitched, Shingle

Property Information

Acreage0.28
Lot Features Near Public Transit
Square Feet3,812

Water Body

Water AccessPublic

Other

Date Listed05/08/2026
Equipment Cable, Internet Access Available
Listing Terms 1031 Exchange
Unit 1 Full Baths 1
Unit 1 Lease Yes
Unit 1 Level First
Unit 1 Monthly Rent $2,000
Unit 1 Rooms 4
Unit 2 Full Baths 1
Unit 2 Lease Yes
Unit 2 Level First
Unit 2 Monthly Rent $2,000
Unit 2 Rooms 4
Unit 3 Full Baths 1
Unit 3 Lease Yes
Unit 3 Level Second
Unit 3 Monthly Rent $1,700
Unit 3 Rooms 4
Unit 4 Full Baths 1
Unit 4 Lease Yes
Unit 4 Level Second
Unit 4 Monthly Rent $2,000
Unit 4 Rooms 4

Parking

Parking Features 5 - 10 Spaces, On Site, Paved

Rooms

Bathroom4
Bathrooms Total Decimal 4
Full Bath4

Building

BasementSlab
Building Info Heating Units 4
Building Info Water Heaters 4
Flooring Carpet, Vinyl, Luxury Vinyl
Property StyleSplit Level
Units4
Window Features Double Pane Windows
Year Built1970

Amenities

AmenitiesBathtub, One-Floor Living
Other AmenitiesBasement, Beachfront

Legal

ZoningG

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo Privacy Policy

All Maine Homes participates in ©2026 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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238 Preble StreetSouth Portland, ME 04106MLS Number 1661201

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