224 Valley ST, Portland, ME 04102
224 Valley ST, Portland, ME 04102
224 Valley ST, Portland, ME 04102
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Listed by Nicholas Dambrie Keller Williams Realty
$985,000
Est. payment /mo
4 Baths
2,911 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,911 sqft

Price per Sqft $338

MLS Listing ID 1668670

Full Baths 4

HOA Y/N No

Year Built 1900

Tax Year 2024

Lot Size 4,791 Sqft

Acres 0.11

Source Maine Listings

Land Area 2911

Property Description

Owner-occupied or exceptional investment opportunity in Portland! This well-maintained four-unit property features an attractive unit mix of two 1-bedroom, 1-bath apartments and two spacious 3-bedroom, 1-bath apartments. Each bright, sun-filled unit offers private deck or balcony access, providing desirable outdoor space for tenants. As an owner-occupied, you would have the potential of being exempt from Portland's rent control restrictions.

Recent capital improvements include a new roof in 2025 and a new natural gas boiler in 2024, offering peace of mind for years to come. Additional amenities include coin-operated laundry, natural gas heat, and a large in-town lot with ample off-street parking.

Conveniently located near the Western Promenade, downtown Portland, local restaurants, parks, shopping, and public transportation, this property offers strong rental appeal and easy access to many of the area's amenities. With a solid rental history, valuable recent updates, and a versatile unit mix, this is an excellent opportunity for investors looking to expand their portfolio in Portland's thriving rental market.

Location

State ME

County Cumberland

Zoning R6

Direction From Congress Street, turn onto Valley Street. The property will be on your Right.

Rooms

Basement Exterior Entry, Walk-Out Access, Partial

Interior

Interior Features Bathtub, Shower, Storage

Heating Gas Natural, Baseboard, Hot Water

Cooling None

Flooring Carpet, Vinyl, Wood

Equipment Internet Access Available

Laundry Washer Hookup

Exterior

Parking Features Common, Paved, 5 - 10 Spaces, On Site, Off Street

Utilities Available Utilities On

Waterfront Description Nearby

Roof Type Shingle

Porch Deck

Garage No

Building

Lot Description Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood, Rolling Slope, Sidewalks, Near Public Transit

Story 3

Foundation Stone, Brick/Mortar

Water Public

Architectural Style Victorian

Level or Stories 4

Others

Tax ID PTLD-000064-D000019-000001


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Maine MLS (MREIS) IDX

Nearby School & Business

Monet Yarnell

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