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$1,140,000
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Property Description
Located in the highly desirable Willard Beach neighborhood of South Portland, 238 Preble Street presents a rare opportunity to own a well-maintained 4-unit investment property just moments from the beach and vibrant Willard Square. Each spacious unit offers 2 bedrooms and 1 bathroom, providing strong rental appeal in one of Southern Maine's most sought-after coastal communities. Three of the four units have been fully renovated, featuring updated kitchens, baths, flooring, and modern finishes while maintaining the property's classic New England charm. Tenants enjoy easy access to Willard Beach, local restaurants, coffee shops, markets, and downtown Portland just minutes away. Whether you're looking to expand your portfolio or owner-occupy with additional rental income, this property combines location, lifestyle, and investment potential in an exceptional package.
Full Property Details
Full Property Details for 238 Preble St
General
- Sold For: $1,140,000
- Taxes: $11,720 (2025)
- Status: Closed
- Type: Multi-Family
- Source: MREIS
- MLS ID: 1661201
- Added to Site: 48 day(s) ago
Interior
- Interior Features: Bathtub, One-Floor Living
- Flooring: Carpet, Vinyl, Luxury Vinyl
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Additional Information
- Equipment: Cable, Internet Access Available
Parking
- Parking Features: Common, Paved, 5 - 10 Spaces, On-Site Parking
Location
- County: Cumberland
- Subdivision: none
School Information
- High School District: South Portland Public Schools
Community
- Pets Allowed: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: Electric, Gas Natural, Baseboard, Zoned, Space Heater
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Utilities On
Structural Information
- Architectural Style: Split Level
- Construction: Wood Frame, Aluminum Siding
- Basement: Yes
- Basement Desc.: Not Applicable, Slab
- Roof: Pitched, Shingle
- Windows: Double Pane Windows
- Square Feet: 3,812
- Finished Total: 3,812 Sq. Ft.
- Finished Above Grnd: 3,812 Sq. Ft.
- Year Built: 1970
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Lot Size (Acres): 0.28
- Lot Size (Sq. Ft.): 12,196.8
- Zoning: G
- Lot Description: Near Country Club, Near Public Beach, Near Town, Neighborhood, Suburban, Corner Lot, Level, Open Lot, Near Public Transit
Financial Considerations
- Operating Expenses: $18,905.29
- Tax Amount: $11,720
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 98
Listed by Cottage & Co Real Estate (207) 653-1188
Sold by Portside Real Estate Group (207) 747-4236
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Schools
Schools serving 238 Preble St
School District:South Portland
| Name | Grades | Distance |
|---|---|---|
Dora L Small Elementary School 87 Thompson Street, South Portland, ME 04106 | K-5 | 0.2 mi |
Daniel F. Mahoney Middle School 240 Ocean Street, South Portland, ME 04106 | 6-8 | 1.2 mi |
South Portland High School 637 Highland Avenue, South Portland, ME 04106 | 9-12 | 2.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 238 Preble St
Date
Details
Price
Change
Source
6/11/2026
Sold
$1,140,000
-4.6%
MLS
5/08/2026
Listed
$1,195,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
238 Preble Street, South Portland, ME 04106 (MLS# 1661201) is a Multi-Family property that was sold at $1,140,000 on June 11, 2026. Want to learn more about 238 Preble Street? Do you have questions about finding other Multi-Family real estate for sale in South Portland? You can browse all South Portland real estate or contact a Coldwell Banker agent to request more information.

