




242 Valley Street, Portland, ME, 04102
Bedroom
2 Rooms
Bathroom
0 Bath
Square Foot
1281 Ft
Lot Size
0.11 Acres
A rare opportunity in Portland's vibrant St. John Street Valley neighborhood. This historic home has seen better days, but the foundation is solid and the potential is undeniable. Bring your tools, vision, and energy—this is a true sweat equity special, ideal for an owner-occupant, investor, or flipper looking to refurbish and resell for significant profit. The location is unbeatable: just off the peninsula and walkable to Maine Med, Mercy Hospital, Deering Oaks Park, Hadlock Field, the Western Prom, Portland's new pro soccer stadium, groceries, gastropubs, and more. Zoned B5—one of the city's most flexible and valuable zones—allowing residential, commercial, or mixed-use development up to 75' in height with limited setbacks. Whether you're looking to renovate, flip, or redevelop, this is a remarkable opportunity at just 399K. Sold as-is, where-is.
Contact Agent
Portland Expert Agent
Additional Listing Details:
202 days on HouseJet
Last Refresh: 02/23/2026 08:00:03 PM UTC
MLS #: 1633012
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