Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$1,195,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 0.28 Acres
  • Updated 16 hours ago
See This Home
Save This Home
See This Home
Save This Home
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 for 238 Preble St

General

  • Price: $1,195,000
  • Taxes: $11,720 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: MREIS
  • MLS ID: 1661201
  • Updated: Today (5/8/2026)
  • Added to Site: Today

Interior

  • Interior Features: Bathtub, One-Floor Living
  • Flooring: Carpet, Luxury Vinyl, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Additional Information

  • Equipment: Internet Access Available, Cable

Parking

  • Parking Features: Paved, Common, 5 - 10 Spaces, On-Site Parking

Location

  • County: Cumberland
  • Subdivision: none

Community

  • Pets Allowed: Yes

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Electric, Gas Natural, Baseboard, Space Heater, Zoned

Utilities

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

Structural Information

  • Architectural Style: Split Level
  • Construction: Wood Frame, Aluminum Siding
  • Roof: Pitched, Shingle
  • Windows: Double Pane Windows
  • Building Size: 3812
  • Square Feet: 3,812
  • Living Area: 3,812 Sq. Ft.
  • 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
  • Lot Size Source: Public Records
  • Zoning: G
  • Lot Description: Near Country Club, Open, Corner Lot, Level, Near Public Beach, Near Town, Neighborhood, Suburban, Near Public Transit

Financial Considerations

  • Tax Amount: $11,720
  • Tax Year: 2025

Disclosures and Reports

  • Lot Number: 98

Listed by Cottage & Co Real Estate (207) 653-1188

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 238 Preble St —

  • Cottage & Co Real Estate

    207-653-1188

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 238 Preble St

School District:South Portland
NameGradesDistance
Dora L Small Elementary School
87 Thompson Street, South Portland, ME 04106
K-50.2 mi
Daniel F. Mahoney Middle School
240 Ocean Street, South Portland, ME 04106
6-81.2 mi
South Portland High School
637 Highland Avenue, South Portland, ME 04106
9-122.4 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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/08/2026
Listed
$1,195,000
70.71%
MLS
11/27/2020
Sold
$700,000
—
Public Record
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 238 Preble St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,720
3%
$858,600
—
2024
$11,334
4%
$858,600
11%
2023
$10,926
-4%
$772,700
6%
2022
$11,329
6%
$728,100
—
2021
$10,703
64%
$728,100
120%
2020
$6,529
3%
$330,600
—
2019
$6,314
3%
$330,600
—
2018
$6,116
3%
$330,600
—
2017
$5,951
2%
$330,600
—
2016
$5,852
2%
$330,600
—
2015
$5,752
2%
$330,600
—
2014
$5,653
2%
$330,600
—
2013
$5,521
—
$330,600
—
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 238 Preble St

$
Down Payment
%
$
%

$
$

*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 Cottage & Co Real Estate (207) 653-1188

Just Listed near 238 Preble St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

76 Ashley Ln, Portland, ME 04103 - Photo 1 Just Listed
$425,000

76 Ashley Ln  #76  Portland, ME 04103

  • Condo
  • Active
  • Updated 1 day ago
  • 4
    Beds
  • 2
    Total Baths
  • 1,686
    Sq. Ft.
Listed by Vitalius Real Estate Group, LLC
58 Cumberland Ave, Portland, ME 04101 - Photo 1 Just Listed
$925,000
Open House

58 Cumberland Ave  #2  Portland, ME 04101

  • Condo
  • Active
  • Updated 1 day ago
  • 2
    Beds
  • 2
    Total Baths
  • 1,069
    Sq. Ft.
Listed by Portside Real Estate Group
1390 Forest Ave, Portland, ME 04103 - Photo 1 Just Listed
$9,999,500

1390 Forest Ave  Portland, ME 04103

  • Multi-Family
  • Active
  • Updated 1 day ago
  • 44
    Units
  • 3.8
    Acres
Listed by Maine Realty 2000
10 Griffin Ln, Portland, ME 04019 - Photo 1 Just Listed
$599,000

10 Griffin Ln  Portland, ME 04019

  • Single Family
  • Active
  • Updated 1 day ago
  • 2
    Beds
  • 1
    Total Bath
  • 929
    Sq. Ft.
Listed by Benchmark Real Estate

Price Reduced near 238 Preble St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

777 Forest Ave, Portland, ME 04103 - Photo 1 Price Reduced
-$20,000 (-2.23%)
$875,000

777 Forest Ave  Portland, ME 04103

  • Multi-Family
  • Active
  • Updated 1 day ago
  • 2
    Units
  • 0.14
    Acres
Listed by F.O. Bailey Real Estate
50 Myrtle St, Portland, ME 04101 - Photo 1 Price Reduced
-$35,100 (-3.75%)
$899,900
Open House

50 Myrtle St  Portland, ME 04101

  • Single Family
  • Active
  • Updated 1 day ago
  • 3
    Beds
  • 3
    Total Baths
  • 1,576
    Sq. Ft.
Listed by Redfin Corporation
736 Forest Ave, Portland, ME 04103 - Photo 1 Price Reduced
-$61,000 (-7.09%)
$799,000

736 Forest Ave  Portland, ME 04103

  • Multi-Family
  • Active
  • Updated 4 hours ago
  • 3
    Units
  • 0.09
    Acres
Listed by Elevate Maine Realty
605 Washington Ave, Portland, ME 04103 - Photo 1 Price Reduced
-$25,000 (-3.85%)
$625,000

605 Washington Ave  Portland, ME 04103

  • Multi-Family
  • Active
  • Updated 7 hours ago
  • 2
    Units
  • 0.16
    Acres
Listed by Maine Real Estate Co

Recent Sales near 238 Preble St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

464 Preble St, South Portland, ME 04106 - Photo 1 Sold
$1,300,000

464 Preble St  South Portland, ME 04106

  • Single Family
  • Closed
  • Updated 1 day ago
  • 4
    Beds
  • 3
    Total Baths
  • 2,641
    Sq. Ft.
Listed by Angle Associates
Sold by Cottage & Co Real Estate
83 Loveitts Field Rd, South Portland, ME 04106 - Photo 1 Sold
$1,250,000

83 Loveitts Field Rd  South Portland, ME 04106

  • Single Family
  • Closed
  • Updated 1 day ago
  • 3
    Beds
  • 2
    Total Baths
  • 2,248
    Sq. Ft.
Listed by JM Real Estate
Sold by Town & Shore Real Estate
20 Cottage Farms Rd, Cape Elizabeth, ME 04107 - Photo 1 Sold
$1,089,500

20 Cottage Farms Rd  Cape Elizabeth, ME 04107

  • Single Family
  • Closed
  • Updated 10 hours ago
  • 4
    Beds
  • 3
    Total Baths
  • 1,801
    Sq. Ft.
Listed by Legacy Properties Sotheby's International Realty
Sold by Keller Williams Realty
18 Woodcrest Rd, Cape Elizabeth, ME 04107 - Photo 1 Sold
$1,220,000

18 Woodcrest Rd  Cape Elizabeth, ME 04107

  • Single Family
  • Closed
  • Updated 1 day ago
  • 3
    Beds
  • 3
    Total Baths
  • 1,740
    Sq. Ft.
Listed by Legacy Properties Sotheby's International Realty
Sold by Vitalius Real Estate Group, LLC

238 Preble Street, South Portland, ME 04106 (MLS# 1661201) is a Multi-Family property with 4 units containing 0 bedrooms and 4 full bathrooms. 238 Preble Street is currently listed for $1,195,000 and was received on May 08, 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.

Tour this property