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Adam Dow

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

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240 Park Ave , Portland, ME 04102
$699,900
Est. Payment: $3,759.44/mo
3 Bath
2333 Sqft
0.08 Acres
Status: active | Days on site: 14
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3572 - 024507
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House Description

**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.**

Highlights

Listed by Aaron Lapid , 207-450-7188 Elevate Maine Realty , 207-331-4565. Maine Real Estate Information System, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
0.08

Year Built

1897

County

Cumberland

Neighborhood

n/a

Listing ID

1684067

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Air Cond:Window Unit(s)
Fireplaces:
Floor:Tile,Wood
Above Ground Sq Ft:2333
Basement:Bulkhead,Full,Unfinished
Water:Public

Exterior Features

Lot:Intown,Near Shopping,Near Turnpike/Interstate,Neighborhood,Sidewalks
Zoning:R6
Roof:Shingle
Sewer:Public Sewer
Parking Features:Paved,1 - 4 Spaces,On Site,On Street

Open House

Upcoming Open Houses
Saturday 1:00 pm - 3:00 pm Oct 31
Principal Interest
$3,759
Taxes
$634

Home Price

$699,900

Loan Details

30 yrs
7.091%

Down Payment

20%
$139,980
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:
$3,759.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,759.44 $634.17 $0.00 $4,393.61
Yearly $45,113.33 $7,610.00 $0.00 $52,723.33
Total $1,353,399.85 $228,300.00 $0.00 $1,581,699.85

Today's Rates

30 Year

7.09%

20 Year

7.19%

15 Year

6.59%

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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: 2026-10-31T17:51:21.000Z

© 2026 Maine Real Estate Information System, Inc.

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