224 Valley St

Portland, ME 04102

$985,000
Price
—
Beds
2,911 Sq. Ft.
$338 / Sq. Ft.
2,911
Sq. Ft.
$338
per Sq. Ft.
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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...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.
  1. Listed by Nicholas Dambrie • Keller Williams Realty
    P: (207)-553-2400 C: (207)-318-5451 team@dambriegaron.com

Property Details for 224 Valley Street

Architectural Style
Victorian
Has Waterfront
No
Waterfront Features
Nearby
Zoning
R6
LISTING UPDATED: 06/24/2026 02:50 PM

Property Details for 224 Valley Street

StatusActive
MLS #1668670
Days on Market6
Taxes$9,902 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family
Year Built1900
Lot Size0.11 AC / 4,791 SF
CountyCumberland County
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Location

Listing Courtesy of Keller Williams Realty
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Building Information for 224 Valley Street

Stories4Residences4Year Built1900Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

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$5,734 per month

30 year fixed, 6.36% Interest

Principal and Interest

$4,908

Property Taxes

$825

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 224 Valley Street

Summary
Location and General Information
  • Water View: No
  • Page: 317
  • Directions: From Congress Street, turn onto Valley Street. The property will be on your Right.
  • Latitude: 43.651587
  • Longitude: -$70.28
  • Transportation: Public Transport Access
Taxes and HOA
  • Association: No
  • Parcel Number: PTLD-000064-D000019-000001
  • Tax Lot: D
  • Tax Block: 19
  • Tax Book Number: 34868
  • Tax Map Number: 64
  • Tax Year: 2024
  • Tax Annual Amount: $9,902.00
Parking
  • Parking Features: Common, Paved, 5 - 10 Spaces, On Site, Off Street
  • Vehicle Storage: No Vehicle Storage
  • Has Attached Garage: No
  • Has Garage: No
Property
Lot Information
  • Lot Features: Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood, Rolling Slope, Sidewalks, Near Public Transit
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 4791.6
  • Lot Size Units: Acres
  • 2 Detached Houses on 1 Lot: false
  • Other Source of Square Footage: Floor Plans
  • Roads: Paved, Public
  • Road Surface Type: Paved
  • Source of Road Frontage: Public Records
  • SqFt Source: Measured
  • Tree Growth: false
Property and Assessments
  • Above Grade Finished Area: 2911.0
  • Building Area Total: 2911.0
  • Property Type: Multi-Family
  • Deed: All
  • Deed/Conveyance Type Offered: Warranty
  • Surveyed: No
  • Year Built: 1900
Building Features
  • Foundation Details: Stone, Brick/Mortar
  • Construction Materials: Wood Frame, Wood Siding
  • Color: Yellow-Red trim
  • Stories: 3
  • Stories Total: 4
Financial Information
  • List Price/SqFt: $338.37
Utilities
  • # Heating Units: 1
  • # Water Heaters: 1
  • Electric: Circuit Breakers
  • Gas: Natural - At Street
  • Sewer: Public Sewer
  • Water Source: Public
  • Water Heater: Off Heating System
  • Utilities: Utilities On
  • Utilities On: Yes
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
Interior Features
  • Amenities: Bathtub, Laundry - Hookup, Shower, Storage
  • Bathrooms Full: 4
  • Bathrooms Total Decimal: 4.0
  • Bathrooms Total Integer: 4
  • Laundry Features: Washer Hookup
  • Other Equipment: Internet Access Available
  • Basement: Exterior Entry, Walk-Out Access, Partial
  • Patio And Porch Features: Deck
  • Has Cooling: No
  • Heating: Gas Natural, Baseboard, Hot Water
  • Has Heating: Yes
  • Flooring: Carpet, Vinyl, Wood
  • Interior Features: Bathtub, Shower, Storage
Multi Family
Multi Family Information
  • # of 1 BD Units: 2
  • Number Of Units Total: 4
Income & Expenses
  • Gross Income: $84,495.00
  • Operating Expense: $49,622.14
Unit Information
Unit 1
  • Num Full Baths: 1
  • Dedicated Electric Meter: Yes
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: No
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: Yes
  • Level: First
  • Security Deposit: Yes
  • Actual Rent: $1,900.00
  • Beds Total: 3
  • Key: 0c658853668c1e4e31919b4862006af6
  • Rooms Total: 5
Unit 2
  • Num Full Baths: 1
  • Dedicated Electric Meter: Yes
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: No
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: Yes
  • Level: Third
  • Security Deposit: Yes
  • Actual Rent: $1,276.50
  • Beds Total: 1
  • Key: 35cba88a02de9834cc60a5d66e89e01f
  • Rooms Total: 3
Unit 3
  • Num Full Baths: 1
  • Dedicated Electric Meter: Yes
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: No
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: Yes
  • Level: Second
  • Security Deposit: Yes
  • Actual Rent: $1,750.00
  • Beds Total: 3
  • Key: bc8bc1a5cf130d08ede446f1e5bf4c41
  • Rooms Total: 5
Unit 4
  • Num Full Baths: 1
  • Dedicated Electric Meter: Yes
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: No
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: Yes
  • Level: Basement
  • Security Deposit: Yes
  • Actual Rent: $1,345.00
  • Beds Total: 1
  • Key: e5f9c1a8b9fe86639a44d98c9d089c1d
  • Rooms Total: 3
Rental
Rent Information
  • Land Lease: No
Tenant Information
  • Occupant Type: No

Property History for 224 Valley Street

DateEvent & SourcePriceAppreciation
Jun 24, 2026

Listed (Active)

Maine Listings #1668670

$985,000—
Feb 25, 2016

Sold

Maine Listings #1239265

$435,000—
Nov 9, 2015

Pending

Maine Listings #1239265

—
DateEvent & SourcePrice
06/24/2026

Listed (Active)

Maine Listings #1668670

$985,000
02/25/2016

Sold

Maine Listings #1239265

$435,000
11/09/2015

Pending

Maine Listings #1239265

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 224 Valley Street

Taxable ValueLand$190,800Additions$565,800Total$756,600
Tax Record2025$9,064 ($755 / month)
Home Facts
Baths4Total Finished SqFt2,662 SqFtAbove Grade Finished SqFt2,662 SqFtStories2Lot Size5,001 SqFtStyleMulti-Family Res (5+ Units)Year Built1900CountyCUMBERLANDAPNPTLD M:064 B:D019001

Schools near 224 Valley Street

This home is within Portland Public Schools.
Rating
School
Type
Grades
Distance
Howard C Reiche Community School
Public - PK to 5
King Middle School
Public - 6 to 8
Casco Bay High School
Public - 9 to 12
Deering High School
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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More information about 224 Valley Street, Portland, ME 04102

224 Valley Street is a multi-family home for sale in Portland, ME 04102. This property was listed for sale on June 24, 2026 by Keller Williams Realty, it's currently listed at $985,000. It has been on the market for a total of 6 days and was last sold on February 25, 2016. This listing's school district is Portland Public Schools. Nearby schools include Howard C Reiche Community School, King Middle School and Casco Bay High School. 224 Valley Street is a 0-bed, 4-bath, 2,911 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Keller Williams Realty

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. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.