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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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224 Valley St , Portland, ME 04102
$985,000
Est. Payment: $5,082.18/mo
0 Bed
4 Bath
2911 Sqft
Status: active | Days on site: 39
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House 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.

Highlights

Listed by Nicholas Dambrie , 207-553-2400 Keller Williams Realty , 207-879-9800. Maine Real Estate Information System, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
0.11

Year Built

1900

County

Cumberland

Listing ID

1668670

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:4
  • Full Bathrooms:4
Appliances:Internet Access Available
Floor:Carpet,Vinyl,Wood
Above Ground Sq Ft:2911
Below Ground Sq Ft:0
Basement:Exterior Entry,Walk-Out Access,Partial
Other:Bathtub,Shower,Storage
Other:Public

Exterior Features

Lot:Intown,Near Shopping,Near Turnpike/Interstate,Neighborhood,Rolling Slope,Sidewalks,Near Public Transit
Zoning:R6
Roof:Shingle
Sewer:Public Sewer
Parking Features:Common,Paved,5 - 10 Spaces,On Site,Off Street
Principal Interest
$5,082
Taxes
$825

Home Price

$985,000

Loan Details

30 yrs
6.695%

Down Payment

20%
$197,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,082.18

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,082.18 $825.17 $0.00 $5,907.34
Yearly $60,986.13 $9,902.00 $0.00 $70,888.13
Total $1,829,583.81 $297,060.00 $0.00 $2,126,643.81

Today's Rates

30 Year

6.7%

20 Year

6.21%

15 Year

6.15%

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Market insight data is pulled from the same city as the listing being viewed (Portland, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Listing data is derived in whole or in part from the Maine IDX & 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.


IDX service by Blueroof 360

Data last updated: 2026-08-02T07:29:11.000Z

© 2026 Maine Real Estate Information System, Inc.

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