241 Spring St

Beds
2,824 Sq. Ft.
$244 / Sq. Ft.
2,824
Sq. Ft.
$244
per Sq. Ft.

Description

Clean, West End 4 unit perfect for an owner-occupant or an Investor looking to add to their portfolio. 241 Spring has excellent long term tenant history and is low maintenance; no plowing and minimal lawn mowing is needed. Each tenant has a separate entrance and natural gas Rinnai heaters so tenants pay their own utilities. The building has been tastefully updated and well-maintained over its 20-year ownership (see attached list of improvements). Some units have new replacement windows and ample...Clean, West End 4 unit perfect for an owner-occupant or an Investor looking to add to their portfolio. 241 Spring has excellent long term tenant history and is low maintenance; no plowing and minimal lawn mowing is needed. Each tenant has a separate entrance and natural gas Rinnai heaters so tenants pay their own utilities. The building has been tastefully updated and well-maintained over its 20-year ownership (see attached list of improvements). Some units have new replacement windows and ample storage closets. Two units are exempt from the rent control ordinance and 2 units have been notified of rent increases in 2023. Located a short walk to local restaurants Chaval, Ruby's, and neighborhood favorites Rosemont Bakery & Market and Chocolats Passion!
  1. Listed by Erin Oldham Susan Kendeigh • Portside Real Estate Group
    P: (207)-415-6754 C: (207)-415-6754 oldhamkendeigh@portsidereg.com

Property Details for 241 Spring Street

Architectural Style
Other
Style
Other
Has Waterfront
No
Zoning
R6
LISTING CLOSED: 02/15/2023 12:00 AM

Property Details for 241 Spring Street

StatusClosed
MLS #1548955
Days on Market33
Taxes$9,374 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family
Year Built1885
Lot Size0.05 AC / 2,178 SF
CountyCumberland County

Location

Listing Courtesy of Portside Real Estate Group

Sold By Portside Real Estate Group

Add your commute

Building Information for 241 Spring Street

Stories2Residences4Year Built1885Building Size-Lot Size0.05 AC / 2,178 SF

Payment Calculator

$4,220 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,438

Property Taxes

$781

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 241 Spring Street

Summary
Location and General Information
  • Water View: No
  • Location: Intown, Near Shopping, Neighborhood
  • Page: 318
  • Zoning Overlay: No
  • Latitude: 43.649144
  • Longitude: -$70.27
Taxes and HOA
  • Association: No
  • Parcel Number: PTLD-000056-G000038-000001
  • Tax Lot: 38
  • Tax Block: G
  • Tax Book Number: 20241
  • Tax Map Number: 56
  • Tax Year: 2021
  • Tax Annual Amount: $9,374.00
Parking
  • Parking Features: No Parking, No Driveway, On Street
  • Parking: No Parking, On Street
  • Vehicle Storage: No Vehicle Storage
  • Has Attached Garage: No
  • Has Garage: No
Property
Lot Information
  • Lot Features: Level, Sidewalks, Intown, Near Shopping, Neighborhood
  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 2178.0
  • Lot Size Units: Acres
  • 2 Detached Houses on 1 Lot: false
  • Roads: Paved, Public
  • Road Surface Type: Paved
  • SqFt Source: Public Records
  • Site: Level, Sidewalks
Property and Assessments
  • Above Grade Finished Area: 2824.0
  • Building Area Total: 2824.0
  • Property Type: Multi-Family
  • Deed: All
  • Deed/Conveyance Type Offered: Warranty
  • Construction: Wood Frame
  • Year Built: 1885
Building Features
  • Levels: Multi-Level
  • Levels: Multi-Level
  • Foundation Details: Stone, Concrete Perimeter, Slab, Brick/Mortar
  • Foundation Materials: Stone, Poured Concrete, Brick/Mortar
  • Construction Materials: Vinyl Siding, Wood Frame
  • Color: Green
  • Stories: 2
  • Stories Total: 2
Financial Information
  • List Price/SqFt: $247.52
Utilities
  • Heat Fuel: Gas Natural
  • # Heating Units: 4
  • # Water Heaters: 4
  • Electric: Circuit Breakers
  • Gas: Natural - On Site
  • Sewer: Public Sewer
  • Water Source: Public
  • Water Heater: Gas
  • Utilities: Utilities On
  • Utilities On: Yes
Interior and Exterior Features
Exterior Features
  • Exterior: Vinyl Siding
  • Roof: Flat, Membrane
  • Driveway: No Driveway
Interior Features
  • Amenities: One-Floor Living, Shower, Walk-in Closets
  • Bathrooms Full: 4
  • Bathrooms Total Decimal: 4.0
  • Bathrooms Total Integer: 4
  • Equipment: Satellite Dish, Internet Access Available
  • Other Equipment: Satellite Dish, Internet Access Available
  • Basement: Interior, Brick/Mortar, Full
  • Basement: Slab, Full, Brick/Mortar
  • Has Fireplace: No
  • Has Cooling: No
  • Heating: Direct Vent Heater
  • Has Heating: Yes
  • Flooring: Wood, Vinyl, Laminate, Carpet
  • Interior Features: Walk-in Closets, One-Floor Living, Shower
Multi Family
Multi Family Information
  • # of 1 BD Units: 2
  • # of 2 BD Units: 2
  • Number Of Units Total: 4
Income & Expenses
  • Gross Income: $54,900.00
  • Operating Expense: $13,500.00
Rental
Rent Information
  • Land Lease: No
Tenant Information
  • Occupant Type: No

Property History for 241 Spring Street

DateEvent & SourcePriceAppreciation
Feb 15, 2023

Sold (Public Record)

Public Record #1506237839

$690,000
Feb 15, 2023

Sold

Maine Listings #1548955

$690,000
Jan 6, 2023

Pending

Maine Listings #1548955

DateEvent & SourcePrice
02/15/2023

Sold (Public Record)

Public Record #1506237839

$690,000
02/15/2023

Sold

Maine Listings #1548955

$690,000
01/06/2023

Pending

Maine Listings #1548955

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

Public Records for 241 Spring Street

Taxable ValueLand$261,400Additions$462,700Total$724,100
Tax Record2025$8,675 ($723 / month)
Home Facts
Baths4Total Finished SqFt2,824 SqFtAbove Grade Finished SqFt2,824 SqFtStories2Lot Size2,378 SqFtStyleMulti-Family Res (5+ Units)Year Built1885CountyCUMBERLANDAPNPTLD M:056 B:G038001

Schools near 241 Spring 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 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.

Listing Courtesy of Portside Real Estate Group

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.