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3 Baths
2,333 sqft

$699,900

240 Park Avenue, Portland ME, 04102

Built in1897
Property size2,333 sqft
Property typeMulti-family
Courtesy of Elevate Maine Realty

Overview

Active

Listed Oct 13, 2026

Updated 38 min ago

**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.**

$4,656/mo

Est. mortgage payment based on a $699,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1684067

Interior Features

Bathrooms
3
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.08 Acres

Other Property Details

Taxes
$7,610
Tax Frequency
Annually
MLS provider logo

Listing Contact: 207-450-7188

Listed by Aaron Lapid with Elevate Maine Realty 207-450-7188

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Pinkham Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data is refreshed every 3 hours. Listing last updated at 7:45 AM UTC, 10/15/2026

 

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