247 Valley Street
Portland, ME 04102
$950,000
Price
9
Beds
4
Baths
3,705 Sq. Ft.
$256 / Sq. Ft.
3,705
Sq. Ft.
$256
per Sq. Ft.
Description
Investors take notice! This 4 unit multi-family property is income producing ($100k+ in annual rental income) and ready to be your next asset. With a strong rental history and a desirable location, this property is an ideal investment. Located near everything that Portlands Old Port has to offer with close proximity to Maine Medical Center and I-295 / I-95 for an easy commute. The spacious 3700 sqft of living space consists of two 3 bedroom units, a 2 bedroom unit, and a studio. New hot water tank...Investors take notice! This 4 unit multi-family property is income producing ($100k+ in annual rental income) and ready to be your next asset. With a strong rental history and a desirable location, this property is an ideal investment. Located near everything that Portlands Old Port has to offer with close proximity to Maine Medical Center and I-295 / I-95 for an easy commute. The spacious 3700 sqft of living space consists of two 3 bedroom units, a 2 bedroom unit, and a studio. New hot water tank and most electrical and plumbing updated in 2022. Don't miss your opportunity to purchase a cash flowing asset in Maine's historical waterfront city of Portland! The property is currently fully occupied. The interior photos have been edited for brightness and to remove tenants belongings. Please inquire to receive unedited interior photos. Thank you for your interest!
- Listed by Meghan Kennerly • Down To Earth Real Estate
Property Details for 247 Valley Street
Waterfront
No
ArchitecturalStyleMulti-Level
GarageNo
ZoningR6
LISTING UPDATED: 01/06/2025 08:24 PM
Property Details for 247 Valley Street
| Status | Active |
|---|---|
| MLS # | 1609832 |
| Days on Market | 71 |
| Taxes | $9,017 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family |
| Year Built | 1900 |
| Lot Size | 0.06 AC / 2,613 SF |
| County | Cumberland County |
Building Information for 247 Valley Street
Stories-Residences4Year Built1900Building Size-Lot Size0.06 AC / 2,613 SF
Property Information for 247 Valley Street
Summary
Location and General Information
- Road Surface Type: Paved
- Zip Code: 3060
- Directions: Congress St. to Valley St.
- Town: Portland
- State/Province: ME
- Zip Code: 04102
- County: Cumberland
- Geo Latitude: 43.652405
- Geo Longitude: -70.277962
- Tax Lot: 3
- Site:Sidewalks: Yes
- Location:Intown: Yes
- Location:Near Railroad: Yes
- Location:Near Shopping: Yes
- Location:Near Turnpike/Interstate: Yes
- Location:Neighborhood: Yes
- Transportation:Major Road Access: Yes
- Transportation:Near Airport: Yes
- Transportation:Public Transport Access: Yes
Parking
- Parking Features: No Driveway, Off Street
- Attached Garage: No
Taxes and HOA Information
- Tax Book Number: 36659
- Tax Block: E
- Tax Map Number: 64
- Tax Year: 2024
- Parcel Number: PTLD-000064-E000003-000001
- Location Information:Association Y/N: No
- Tax Annual Amount: $9,017.00
Property
Heating and Cooling
- Water Heater:Gas: Yes
- Water Heater:Tank: Yes
Lot Information
- SqFt Finished Below Grade: 0.0
- SqFt Finished Above Grade: 3705.0
- Lot Size Acres: 0.06
- Source of Acreage: Public Records
- Building Area Total: 3705.0
- Lot Size Area: 0.06
- Lot Size Units: Acres
- Lot Size Square Feet: 2613.6
- Bathrooms Full: 4
- Bathrooms Half: 0
- Street Number: 247
- Property Information:Surveyed: No
- Property Information:Seasonal: No
- Property Information:Deed/Conveyance Type Offered: Warranty
- Property Information:Deed: All
- Property Information:Total Half Baths: .00
Parking
- Driveway:No Driveway: Yes
Property and Assessments
- Sign on Property: Yes
- Leased Land: No
- Property Type: Multi-Family
- Property Type Label: Multi-Family
- Year Built: 1900
Utilities
- Electric: Circuit Breakers
- Sewer: Yes
- Water Source: Public
- Utilities:Utilities On: Yes
- Gas:Natural - At Street: Yes
Interior and Exterior Features
Exterior Features
- Construction Materials: Vinyl Siding, Wood Frame
- Vehicle Storage:No Vehicle Storage: Yes
- Roof: Shingle
Interior Features
- Basement: Walk-Out Access, Full, Exterior Only
- Flooring: Vinyl
- Cooling: None
- Heating: Steam, Radiator, Radiant
- Foundation Details: Concrete Perimeter, Brick/Mortar
- Bathrooms Total (Integer): 4
- Bathrooms Total (Decimal): 4.00
- Bathrooms Total (Notational): 4.00
- Cooling YN: No
- Heating YN: Yes
Multi Family
Income & Expenses Information
- Gross Income: $101,064.00
- Operating Expenses: $18,704.03
Multi-Family Information
- Number of Units: 4
Unit 1
- Unit 1:Lease: No
- Unit 1:Level: First
- Unit 1:Security Deposit: No
- Unit 1:Monthly Rent: $2,600.00
- Unit 1:# Full Baths: 1.00
- Unit 1:# of Half Baths: .00
- Unit 1:# of Rooms: 5.00
- Unit 1:# of Bedrooms: 3.00
- Unit 1:Dedicated Electric Meter: Yes
- Unit 1:Dedicated Gas Meter: No
- Unit 1:Dedicated Water Heater: No
- Unit 1:Electric: No
- Unit 1:Heat: Yes
- Unit 1:Range: Yes
- Unit 1:Refrigerator: Yes
- Unit 1:Sewer: Yes
- Unit 1:Water: Yes
Unit 2
- Unit 2:Lease: No
- Unit 2:Level: First
- Unit 2:Security Deposit: Yes
- Unit 2:Monthly Rent: $2,600.00
- Unit 2:# Full Baths: 1.00
- Unit 2:# Half Baths: .00
- Unit 2:# of Rooms: 5.00
- Unit 2:# of Bedrooms: 3.00
- Unit 2:Dedicated Electric Meter: Yes
- Unit 2:Dedicated Gas Meter: No
- Unit 2:Dedicated Water Heater: No
- Unit 2:Electric: No
- Unit 2:Heat: Yes
- Unit 2:Range: Yes
- Unit 2:Refrigerator: Yes
- Unit 2:Sewer: Yes
- Unit 2:Water: Yes
Unit 3
- Unit 3:Lease: No
- Unit 3:Level: Third
- Unit 3:Security Deposit: No
- Unit 3:Monthly Rent: $1,872.00
- Unit 3:# Full Baths: 1.00
- Unit 3:# Half Baths: .00
- Unit 3:# of Rooms: 4.00
- Unit 3:# of Bedrooms: 2.00
- Unit 3:Dedicated Electric Meter: Yes
- Unit 3:Dedicated Gas Meter: No
- Unit 3:Dedicated Water Heater: No
- Unit 3:Electric: No
- Unit 3:Heat: Yes
- Unit 3:Range: Yes
- Unit 3:Refrigerator: Yes
- Unit 3:Sewer: Yes
- Unit 3:Water: Yes
Unit 4
- Unit 4:Lease: Yes
- Unit 4:Level: Basement
- Unit 4:Security Deposit: Yes
- Unit 4:Monthly Rent: $1,350.00
- Unit 4:# Full Baths: 1.00
- Unit 4:# Half Baths: .00
- Unit 4:# of Rooms: 3.00
- Unit 4:# of Bedrooms: 1.00
- Unit 4:Dedicated Electric Meter: Yes
- Unit 4:Dedicated Gas Meter: No
- Unit 4:Dedicated Water Heater: No
- Unit 4:Electric: No
- Unit 4:Heat: Yes
- Unit 4:Range: Yes
- Unit 4:Refrigerator: Yes
- Unit 4:Water: Yes
Unit Information
- Units:# of 1 BD Units: 1
- Units:# of 2 BD Units: 1
- Units:# of 3 BD Units: 2
- Units:# of 4+ BD Units: 0
Property History for 247 Valley Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 247 Valley Street
Taxable ValueLand$131,500Additions$469,200Total$600,700
Tax Record2024$9,017 ($751 / month)
Home Facts
Baths4Total Finished SqFt2,705 SqFtAbove Grade Finished SqFt2,705 SqFtStories2Lot Size3,045 SqFtStyleMulti-Family Res (5+ Units)Year Built1900CountyCUMBERLANDAPNPTLD M:064 B:E003001
Schools near 247 Valley Street
This home is within Portland Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Howard C Reiche Community School PublicPK to 5 | ||
King Middle School Public6 to 8 | ||
Casco Bay High School Public9 to 12 | ||
Deering High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Down To Earth Real Estate
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. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.
