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$499,000

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 1 Partial Bath
  • 1,281 Sq. Ft.
  • 0.11 Acres
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A rare opportunity in Portland's vibrant St. John Street Valley neighborhood. This historic home has seen better days, but the foundation is solid and the potential is undeniable. Bring your tools, vision, and energy-this is a true sweat equity special, ideal for an owner-occupant, investor, or flipper looking to refurbish and resell for significant profit. The location is unbeatable: just off the peninsula and walkable to Maine Med, Mercy Hospital, Deering Oaks Park, Hadlock Field, the Western Prom, Portland's new pro soccer stadium, groceries, gastropubs, and more. Zoned B5-one of the city's most flexible and valuable zones-allowing residential, commercial, or mixed-use development up to 75' in height with limited setbacks. Whether you're looking to renovate, flip, or redevelop, this is a remarkable opportunity at just 399K. Sold as-is, where-is.

Full Property Details for 242 Valley St

General

  • Price: $499,000
  • Taxes: $3,853 (2024)
  • Status: Active
  • Type: Single Family
  • Source: MREIS
  • MLS ID: 1633012
  • Updated: 8/25/2025
  • Added to Site: 196 day(s) ago

Interior

  • Number of Rooms: 4
  • Flooring: Wood, Vinyl, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Parking

  • Parking Features: No Driveway, On Street

Location

  • County: Cumberland
  • Subdivision: West End

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Hot Water

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Utilities On

Structural Information

  • Architectural Style: Other, New Englander
  • Construction: Vinyl Siding, Wood Frame
  • Roof: Shingle
  • Building Size: 1281
  • Square Feet: 1,281
  • Sq. Ft. Source: Public Records
  • Living Area: 1,281 Sq. Ft.
  • Finished Total: 1,281 Sq. Ft.
  • Finished Above Grnd: 1,281 Sq. Ft.
  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Size (Sq. Ft.): 4,791.6
  • Lot Size Source: Public Records
  • Zoning: B2b
  • Lot Description: Open, Level, Sidewalks, Interior Lot, Intown, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Public Transit, Near Railroad

Financial Considerations

  • Tax Amount: $3,853
  • Tax Year: 2024

Disclosures and Reports

  • Block: D
  • Lot Number: 13

Listed by Benchmark Real Estate (207) 775-0248

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Listing agent

— 242 Valley St —

  • Benchmark Real Estate

    207-775-0248

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 242 Valley St

School District:Portland
NameGradesDistance
Howard C Reiche Community School
166 Brackett Street, Portland, ME 04102
K-50.6 mi
King Middle School
92 Deering Avenue, Portland, ME 04102
6-80.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 242 Valley St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/25/2025
Price Increased
$499,000
25.06%
MLS
8/04/2025
Listed
$399,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 242 Valley St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,853
4%
$256,700
—
2023
$3,699
6%
$256,700
—
2022
$3,494
5%
$256,700
—
2021
$3,335
9%
$256,700
95%
2020
$3,068
—
$131,600
—
2019
$3,068
4%
$131,600
—
2018
$2,958
4%
$131,600
—
2017
$2,849
3%
$131,600
—
2016
$2,778
2%
$131,600
—
2015
$2,715
3%
$131,600
—
2014
$2,632
3%
$131,600
—
2013
$2,554
—
$131,600
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 242 Valley St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Benchmark Real Estate (207) 775-0248

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242 Valley Street, Portland, ME 04102 (MLS# 1633012) is a Single Family property with 2 bedrooms, 1 full bathroom and 1 partial bathroom. 242 Valley Street is currently listed for $499,000 and was received on August 04, 2025. Want to learn more about 242 Valley Street? Do you have questions about finding other Single Family real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

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