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240 Park Avenue, Portland, ME 04108 (MLS# 1684067)

240 Park Avenue, Portland, ME 04108

New Listing
$699,900
Property Type: Multi-Family Baths: 3 Square Footage: 2,333 Lot Size (sq. ft.): 3,485 Status: Active
Current Price: $699,900 List Date: 10/13/2026 Last Modified: 10/14/2026

Overview

Description

**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 ev ...

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Listing Details MLS# 1684067

Location Information

Street #
240
Street Name
Park
Street Type
Avenue
County
Cumberland
Town
Portland
State/Province
ME
Zip Code
04108
Leased Land
No
Book
40636
Page
161
Map
53
Block
A
Lot
9
Zoning
R6
Zoning Overlay
Unknown
Neighborhood Association
n/a
Association
No
Full Tax Amount $
7610
Tax Year
2025
Tree Growth Y/N
No

Contract Information

Original List Price
699900

Property Information

Surveyed
Unknown
Seasonal
No
Owner Occupied
No
Number of Units
2
Total Baths
3
Total Full Baths
3
Color
soft blue-gray
Year Built
1897
SqFt Finished Above Grade
2333
SqFt Finished Total
2333
SqFt Source
Public Records
Garage
No
Lot Size Acres +/-
0.08
Source of Acreage
Public Records

Water Info

Waterfront
No
Water View
No

Units

# of 2 BD Units
Yes
# of 4+ BD Units
Yes

Unit 1

Lease
No
Level
First
Security Deposit
Yes
Monthly Rent
2400
# Full Baths
Yes
# of Rooms
4
# of Bedrooms
2
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
No
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

More Information

Unit 2

Lease
No
Level
Second
Security Deposit
No
Monthly Rent
4000
# Full Baths
2
# of Rooms
6
# of Bedrooms
4
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
No
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Utilities

Utilities On
Yes

Property Features

Site: Sidewalks Location: Intown; Near Shopping; Near Turnpike/Interstate; Neighborhood Roads: Paved; Public Style: Other; Victorian Levels: Tri-Level Construction: Wood Frame Other Structures: Shed(s) Basement: Full; Unfinished Basement Entry: Bulkhead Exterior: Shingle Siding Roof: Shingle Heat System: Direct Vent Furnace; Hot Water; Steam Heat Fuel: Gas Natural Water Heater: Off Heating System Cooling: Window Unit(s) Floors: Tile; Wood Patio and Porch Features: Deck; Porch Energy Efficiency: Water Heater Driveway: Paved Parking: 1 - 4 Spaces; On Site; On Street Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers; On Site Gas: Natural - On Site Sewer: Public Sewer Water: Public

Documents

IDX
Listing Office: Elevate Maine Realty
Last Updated: October - 14 - 2026
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. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
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