New

$699,900

For Sale

4 hours ago

240 Park Avenue, Portland, ME

Name: 240 Park Avenue, For Sale in Portland - eXp Realty
Brand: Elevate Maine Realty
SKU: 1684067
Price: 699900 USD

House

MLS® 1684067

0 Bed

3 Bath

2333 sqft

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 2333 sqft

Garage

Taxes $7,610

Days Active 0

Lot Size 0.08 Acres

Approx. Age 1897

Avg. Price Per Sqft $300

MLS® Number 1684067

Property Address: 240 Park Avenue, Portland, ME, 04108

Average square foot calculated using Size range provided by listing agent.

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 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.**

MLS® Number1684067

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1897

BasementBulkhead, Full, Unfinished

Driveway

Garage Spaces

HeatGas Natural, Direct Vent Furnace, Hot Water, Steam

A/C

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Oct 13, 2026List Date

$699,900List Price

Commute

Commute

Starting Address

Destination Address

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