243 & 245 High Street, Portland, ME 04101 - Photo 1

1/1

$1,075,000

Sold
Closed
Commercial Multi-Family

1/1

Property Description

16 room lodging house in downtown Portland. Property features long term tenants; two kitchens and five bathrooms, updated electrical panel, rear decks, and driveways on both sides of building. Huge upside potential with ability to increase rents to subsidized tenants. Also listed Multi-Family MLS #1618279

Full Property Details

Full Property Details for 243 & 245 High St

General

Sold For: $1,075,000
Status: Closed
Type: Commercial Multi-Family
Source: MREIS
MLS ID: 1618280
Added to Site: 287 day(s) ago

Business

Business Type: Special Purpose

Interior

Flooring: Wood, Vinyl, Concrete, Carpet

Parking

Parking Features: 1 - 4 Spaces, Paved, Off Street

Location

County: Cumberland

Heating & Cooling

Cooling Type: None
Heating Type: Hot Water

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Construction: Vinyl Siding, Wood Frame
Roof: Shingle
Building Size: 5843
Square Feet: 5,843
Living Area: 5,843 Sq. Ft.
Year Built: 1900
Other Struct. Feat.: Fire System

Lot Features

Lot Size (Acres): 0.12
Lot Size (Sq. Ft.): 5,227.2
Zoning: RN-4
Lot Description: Public Transport Access, Bus Line

Disclosures and Reports

Block: G
Lot Number: 56

Listed by Town & Shore Real Estate (207) 773-0262
Sold by Maine Community Real Estate (207) 956-3555

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— 243 & 245 High St —

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207-773-0262

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Schools

Schools serving 243 & 245 High St

School District:Portland

Name	Grades	Distance
Howard C Reiche Community School 166 Brackett Street, Portland, ME 04102	K-5	0.5 mi
King Middle School 92 Deering Avenue, Portland, ME 04102	6-8	0.4 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 243 & 245 High St

Date

Details

Price

Change

Source

1/15/2026

Sold

$1,075,000

-6.52%

MLS

8/13/2025

Price Reduced

$1,150,000

-11.2%

MLS

4/07/2025

Listed

$1,295,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Acres

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243 & 245 High Street, Portland, ME 04101 (MLS# 1618280) is a Commercial Multi-Family property that was sold at $1,075,000 on January 15, 2026. Want to learn more about 243 & 245 High Street? Do you have questions about finding other Commercial Multi-Family real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

243 & 245 High St Portland, ME 04101