240 Park AvenuePortland, ME 04108MLS Number 1684067

  • Price: $699,900
  • Est. Mortgage of $/month
  • 1 Day on Market
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%
$/month over payments
Federal 30-year interest rate: 7.4% last updated on Oct 8, 2026
* All 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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240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108240 Park Avenue Portland ME 04108
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  • 3Bathrooms
  • 0.08Acreage
  • 2,333Square Feet
**Looking for a Portland, Maine multi-family property that makes sense as both a home and an investment?** Welcome to 240 Park Avenue, a two-unit property offering six total bedrooms, three bathrooms, and the flexibility to live in one unit while generating rental income from the other, or add both units to an investment portfolio. The first-floor unit features two bedrooms, one bathroom, hardwood floors, generous natural light, and a practical layout with a spacious kitchen and ample cabinetry. Upstairs, the second unit spans two levels with four bedrooms, two bathrooms, expansive living areas, hardwood flooring, and access to a private balcony. Two distinct floor plans provide options for different rental strategies and owner-occupied living arrangements. From an investment standpoint, the property offers separately metered gas and electricity, individual water heaters, shared basement laundry, and garage storage. These existing features provide a solid starting point for buyers evaluating operating expenses, rental potential, and long-term ownership. **Location is a major part of the opportunity.** Positioned across from the Portland Expo and steps from Hadlock Field, home of the Portland Sea Dogs, 240 Park Avenue offers convenient access to downtown Portland, the Old Port, Maine Medical Center, the University of Southern Maine, and I-295. Nearby destinations include Hannaford, Whole Foods Market, local restaurants, coffee shops, fitness facilities, and shopping at the Maine Mall in South Portland. Whether you're exploring your first house hack, expanding an existing rental portfolio, or searching for a Portland duplex with multiple income possibilities, 240 Park Avenue deserves a closer look. **Two units, six bedrooms, separate utilities, and an in-town location - an opportunity worth running the numbers on.**
Listed by Elevate Maine Realty

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AllMaineHomes
AllMaineHomes
Office: 207-623-2100
183 State St
#102
Augusta, ME 04330

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More Info

Tax Information

  • Parcel Number PTLD-000053-A000009-000001
  • Taxes$7,610

Location

  • Address240 Park Avenue
  • Building Number240
  • CountyCumberland
  • StateME
  • StreetPark Avenue
  • SubdivisionN/a
  • TownPortland
  • Zip04108

Property Information

  • Acreage0.08
  • Lot Features Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood, Sidewalks
  • Square Feet2,333

Parking

  • Parking Features Paved,1 - 4 Spaces, On Site, On Street

Basic Information

  • List Price$699,900
  • MLS Number1684067
  • Property TypeMulti-Family
  • StatusACT

Property

  • Other Structures Shed(s)
  • Road Surface Type Paved

Exterior

  • RoofShingle

Amenities

  • Other AmenitiesBasement

Water Body

  • Water AccessPublic

Other

  • Date Listed10/13/2026
  • Green Energy Efficient Water Heater
  • Unit 1 Full Baths 1
  • Unit 1 Level First
  • Unit 1 Monthly Rent $2,400
  • Unit 1 Rooms 4
  • Unit 1 Water Yes
  • Unit 2 Full Baths 2
  • Unit 2 Level Second
  • Unit 2 Monthly Rent $4,000
  • Unit 2 Rooms 6
  • Unit 2 Water Yes

Rooms

  • Bathroom3
  • Bathrooms Total Decimal 3
  • Full Bath3

Building

  • BasementBulkhead, Full, Unfinished
  • Flooring Tile, Wood
  • Patio And Porch Features Deck, Porch
  • Property StyleOther, Victorian
  • Units2
  • Year Built1897

Utilities

  • Cooling Window Unit(s)
  • Cooling YN Yes
  • Electric On Site, Circuit Breakers
  • Heat SystemGas Natural, Direct Vent Furnace, Hot Water, Steam
  • Heating YN Yes
  • Waste Water DisposalPublic Sewer

Listing data is derived in whole or in part from the Maine IDX and 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. 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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