240 Park Ave Portland, ME 04102
240 Park Ave Portland, ME 04102 | MLS 1684067 Photo 1
240 Park Ave Portland, ME 04102 | MLS 1684067 Photo 2
240 Park Ave Portland, ME 04102 | MLS 1684067 Photo 3
240 Park Ave Portland, ME 04102 | MLS 1684067 Photo 4
240 Park Ave Portland, ME 04102 | MLS 1684067 Photo 5
For more information on this listing, contact us at: (207) 272-2202
Active
$699,900

240 Park Ave Portland, ME 04102

Multi-Family Property Type
3 Baths
2,333 Sq. Ft.
1897 Year Built
Cumberland County
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Listing Office

Office Elevate Maine Realty
**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.**
MLS # 1684067
Monthly HOA N/A
On Site Not Available
Last Updated 11/1/2026

Location

Contact Agent

Maureen Zemrak

Maureen Zemrak

(207) 272-2202

Property Details

Community Information

Address 240 Park Ave, Portland, ME 04102
County Cumberland
City Portland
Zip Code 04102

Architecture

Bathrooms 3
Year Built 1897
Style Victorian
Construction Materials Wood Frame, Shingle Siding
# 2 Bed Units 1
# 4+ Bed Units 1
Roof Shingle
Basement Bulkhead, Full, Unfinished
Parking Features Paved, 1 - 4 Spaces, On Site, On Street
Garages Features No Vehicle Storage

Features / Amenities

Flooring Tile, Wood
Patio And Porch Deck, Porch
Other Structures Shed(s)
Green Energy Efficient Water Heater
Cooling Window Unit(s)
Heating Gas Natural, Direct Vent Furnace, Hot Water, Steam
Water Heater Off Heating System

Square Footage Finished Sq. Ft.

Above Grade 2333

Property Features

Lot Size 0.08 Acres
Lot Features Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood, Sidewalks
Roads Paved, Public
Sewer Public Sewer
Water Public
Electric On Site, Circuit Breakers
Gas Natural - On Site
Road Surface Paved
Zoning R6

Tax and Financial Info

Tax Year 2025
Gross Income $76,500
Operating Expense $17,881

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240 Park Ave Portland, ME 04102 | MLS 1684067
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Listing Information Last Updated 11/1/2026

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.  

Mortgage values are calculated by Sierra Interactive and are provided for estimate purposes only. Walking and Transportation data are provided by WalkScore as a guideline and should be independently verified.

240 Park Ave Portland, ME 04102
  • $699,900
  • 3 baths
  • 2,333 Sq. Ft.