Established 3 unit in a rapidly developing area of the city. This building has favorable numbers, is in pre-loved and maintained condition, offers separate utilities for heat and electric, and is in a prime position to take it to the next level. Base Rents will generate $62,400 annually making this a great owner occupied investment property for someone looking to build equity while keeping a manageable mortgage. Showing times are limited to Thursday 10:30 am-11:30am, Sunday 3:00pm -4:00pm, Monday 5:00pm-6:00pm, Wednesday 11:30-12:30pm. Offers will be reviewed as they come in.
Closed
$725,000
236 Valley Street, Portland, ME 04102
5beds
2,329sqft
Multi Family
Built in 1900
-- sqft lot
$796,500 Zestimate®
$311/sqft
$2,721 Estimated rent
Home value
$796,500
$757,000 - $844,000
$2,721/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: January 13, 2025 at 07:10pm
Listed by:
RE/MAX Shoreline
Bought with:
Realty ONE Group - Compass
Source: Maine Listings,MLS#: 1560652
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Direct Vent Furnace, Hot Water, Zoned
Cooling
- None
Appliances
- Laundry: Laundry - Coin
Features
- Bathtub
- Flooring: Vinyl, Wood
- Basement: Interior Entry,Walk-Out Access,Daylight,Finished,Full
- Has fireplace: No
Interior area
- Total structure area: 2,329
- Total interior livable area: 2,329 sqft
- Finished area above ground: 1,639
- Finished area below ground: 690
Property
Parking
- Parking features: Gravel, 1 - 4 Spaces, On Site, Off Street
Features
- Stories: 3
Lot
- Size: 3,484 sqft
- Features: Near Shopping, Near Turnpike/Interstate, Near Town, Near Railroad, Level, Open Lot, Sidewalks
Details
- Parcel number: PTLDM064BD015001
- Zoning: B2
- Other equipment: Internet Access Available
Construction
Type & style
- Home type: MultiFamily
- Architectural style: New Englander
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Stone, Brick/Mortar
- Roof: Pitched,Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & neighborhood
Location
- Region: Portland
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/13/2023 | Sold | $725,000+3.6%$311/sqft |
Source:  Maine Listings #1560652 Report a problem | ||
| 6/9/2023 | Pending sale | $700,000$301/sqft |
Source: Maine Listings #1560652 Report a problem | ||
| 5/31/2023 | Listed for sale | $700,000+75%$301/sqft |
Source: Maine Listings #1560652 Report a problem | ||
| 6/1/2018 | Sold | $400,000+0.3%$172/sqft |
Source: Maine Listings #1340459 Report a problem | ||
| 3/23/2018 | Listed for sale | $399,000+73.5%$171/sqft |
Source: Vitalius Real Estate Group, LLC #1340459 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,093 | $492,200 |
| 2023 | $7,093 +5.9% | $492,200 |
| 2022 | $6,699 +44.6% | $492,200 +147.6% |
Find assessor info on the county website
Neighborhood: Valley Street
Nearby schools
GreatSchools rating
- 3/10Howard C Reiche Community SchoolGrades: PK-5Distance: 0.6 mi
- 2/10King Middle SchoolGrades: 6-8Distance: 0.4 mi
- 4/10Portland High SchoolGrades: 9-12Distance: 1.1 mi
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Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$796,500
2% more
+$15,930
With Zillow Showcase(estimated)
$812,430