242 Valley Street, Portland, ME 04102 (MLS # 1633012)
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A rare opportunity in Portland's vibrant St. John Street Valley neighborhood. This historic home has seen better days, but the foundation is solid and the potential is undeniable. Bring your tools, vision, and energy"”this is a true sweat equity special, ideal for an owner-occupant, investor, or flipper looking to refurbish and resell for significant profit. The location is unbeatable: just off the peninsula and walkable to Maine Med, Mercy Hospital, Deering Oaks Park, Hadlock Field, the Western Prom, Portland's new pro soccer stadium, groceries, gastropubs, and more. Zoned B5"”one of the city's most flexible and valuable zones"”allowing residential, commercial, or mixed-use development up to 75' in height with limited setbacks. Whether you're looking to renovate, flip, or redevelop, this is a remarkable opportunity at just 399K. Sold as-is, where-is.
| LAST UPDATED | 8/25/2025 | TRACT | West End |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | West End |
| COUNTY | Cumberland | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| BASEMENT | Full, Partial, Unfinished, Walk-Out Access, Yes |
| CONSTRUCTION | Vinyl Siding |
| HEAT | Hot Water |
| LOT | 4792 sq ft |
| LOT DESCRIPTION | Interior Lot, Level, Near Golf Course, Near Public Transit |
| MLS STATUS | Active |
| PARKING | On Street |
| SEWER | Public Sewer |
| STYLE | New Englander, Other |
| SUBDIVISION | West End |
| TAXES | 3853 |
| WATER | Public |
MORTGAGE CALCULATOR
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Listing data is derived in whole or in part from the Maine IDX & is for consumers'' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.© 2026 Maine Real Estate Information System, Inc. All Rights Reserved. 
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IDX data provided by Market Leader, courtesy of Maine Listings.
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