Main property image
Property thumbnailProperty thumbnailProperty thumbnailProperty thumbnail
Active

Single Family Residence in Portland, ME

242 Valley Street, Portland, ME, 04102

Description

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.

Location
Contact Agent

Portland Expert Agent

Msgs from HOUSEJET. Msg/data rates may apply. Msg frequency varies. Text STOP to unsubscribe. Text HELP for help.
Submitting this form signifies you agree to our Terms of Service and Privacy Policy.

Additional Listing Details:

202 days on HouseJet

Last Refresh: 02/23/2026 08:00:03 PM UTC

MLS #: 1633012

Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Agents: Is This Your Listing?

$890,000

605 N Idaho Avenue, Oklahoma City, OK, 73117

3 Bed
4 Bath
2499sqft

$750,000

14424 Caledonia Way, Oklahoma City, OK, 73142

4 Bed
4 Bath
4510sqft

$849,900

14004 Lago Strada, Oklahoma City, OK, 73170

4 Bed
5 Bath
4663sqft

$720,000

1127 NW 56th Street unit: B, Oklahoma City, OK, 73118

4 Bed
4 Bath
2604sqft

$839,000

9109 Via Del Vista, Oklahoma City, OK, 73131

4 Bed
5 Bath
3917sqft

$764,900

11917 Maple Hollow Court, Oklahoma City, OK, 73120

5 Bed
4 Bath
3468sqft

Listing Agent

Thomas Landry

Benchmark Real Estate