242 Valley St
Description
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,...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.
- Listed by Thomas Landry • Benchmark Real Estate
Property Details for 242 Valley Street
Waterfront
No
ArchitecturalStyleOther, New Englander
Garage Spaces.00
GarageNo
ZoningB2b
Subdivision NameWest End
LISTING UPDATED: 11/14/2025 11:27 AM
Property Details for 242 Valley Street
| Status | Active |
|---|---|
| MLS # | 1633012 |
| Days on Market | 218 |
| Taxes | $3,853 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Single Family |
| MLS Type | Residential / Single Family Residence |
| Year Built | 1900 |
| Lot Size | 0.11 AC / 4,791 SF |
| County | Cumberland County |
Location
Listing Courtesy of Benchmark Real Estate
Add your commute
Building Information for 242 Valley Street
Stories-Year Built1900Building Size-Lot Size0.11 AC / 4,791 SF
Payment Calculator
$2,753 per month
30 year fixed, 6.15% Interest
Principal and Interest
$2,432
Property Taxes
$321
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
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1Property Information for 242 Valley Street
Summary
Location and General Information
- Road Surface Type: Paved
- Zip Code: 3009
- Directions: From Congress Street turn onto Valley Street. Property is located between Ash and C Street.
- Town: Portland
- State/Province: ME
- Zip Code: 04102
- County: Cumberland
- Geo Latitude: 43.652234
- Geo Longitude: -70.278534
- Tax Lot: 13
- Site:Level: Yes
- Site:Open: Yes
- Site:Sidewalks: Yes
- Location:Business District: Yes
- Location:Interior Lot: Yes
- Location:Intown: Yes
- Location:Near Country Club: Yes
- Location:Near Golf Course: Yes
- Location:Near Public Beach: Yes
- Location:Near Railroad: Yes
- Location:Near Shopping: Yes
- Location:Near Town: Yes
- Location:Near Turnpike/Interstate: Yes
- Location:Neighborhood: Yes
- Transportation:Major Road Access: Yes
- Transportation:Near Airport: Yes
- Transportation:Public Transport Access: Yes
- Transportation:Rail Available: Yes
- Recreational Water:Nearby: Yes
- Recreational Water:Public: Yes
Parking
- Parking Features: No Driveway, On Street
- Attached Garage: No
Taxes and HOA Information
- Tax Book Number: 35253
- Tax Block: D
- Tax Map Number: 64
- Tax Year: 2024
- Parcel Number: PTLD-000064-D000013-000001
- Location Information:Association Y/N: No
- Tax Annual Amount: $3,853.00
School Information
- School District: Portland Public Schools
Property
Heating and Cooling
- Water Heater:Off Heating System: Yes
Lot Information
- SqFt Finished Below Grade: 0.0
- SqFt Finished Above Grade: 1281.0
- Lot Size Acres: 0.11
- Source of Acreage: Public Records
- Building Area Total: 1281.0
- Lot Size Area: 0.11
- Lot Size Units: Acres
- Lot Size Square Feet: 4791.6
- Bedrooms Total: 2
- Bathrooms Full: 1
- Bathrooms Half: 1
- Street Number: 242
- Property Information:Surveyed: Unknown
- Property Information:Seasonal: No
- Property Information:Short Sale Continue to Show: Yes
- Property Information:Deed/Conveyance Type Offered: Warranty
- Property Information:Deed: All
- Property Information:Deed Restrictions: Unknown
- Property Information:Bank Owned REO: No
- Property Information:2 Detached Houses on 1 Lot: No
- Property Information:# Rooms: 4.00
- Property Information:Total Half Baths: 1.00
- Property Information:Color: White
- Property Information:# Full Baths Basement: .00
- Property Information:Source of Road Frontage: Public Records
- Property Information:# Half Baths Basement: 1.00
- Property Information:# Full Baths Level 1: .00
- Property Information:# Half Baths Level 1: .00
- Property Information:# Full Baths Level 2: 1.00
- Property Information:# Half Baths Level 2: .00
- Property Information:# Full Baths Level 3: .00
- Property Information:# Half Baths Level 3: .00
- Property Information:# Full Baths Upper: .00
- Property Information:# Half Baths Upper: .00
Parking
- Driveway:No Driveway: Yes
Property and Assessments
- Sign on Property: Yes
- Leased Land: No
- Property Type: Residential,Single Family Residence
- Property Type Label: Residential
- Property Sub-Type: Single Family Residence
- Building Area Source: Public Records
- Year Built: 1900
Utilities
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water Source: Public
- Utilities:Utilities On: Yes
- Gas:No Gas: Yes
Interior and Exterior Features
Exterior Features
- Construction Materials: Vinyl Siding, Wood Frame
- # Fireplaces: 0
- Fireplace: No
- Vehicle Storage:No Vehicle Storage: Yes
- Roof: Shingle
Interior Features
- Basement: Interior, Walk-Out Access, Full, Partial, Unfinished
- Flooring: Wood, Vinyl, Carpet
- Cooling: None
- Heating: Hot Water
- Room Total: 4
- Bathrooms Total (Integer): 2
- Bathrooms Total (Decimal): 1.50
- Bathrooms Total (Notational): 1.10
- Cooling YN: No
- Heating YN: Yes
Room Information
Room 1
- Room Type: Kitchen
- Room Level: First
Room 2
- Room Type: Living Room
- Room Level: First
Room 3
- Room Type: Bedroom 1
- Room Level: Second
Room 4
- Room Type: Bedroom 2
- Room Level: Second
Property History for 242 Valley Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Aug 25, 2025 | Price Change Maine Listings #1633012 | $499,000 | — |
| Aug 4, 2025 | Listed (Active) Maine Listings #1633012 | $399,000 | — |
| Jan 8, 2016 | Sold Maine Listings #1245344 | $100,000 | — |
| Dec 4, 2015 | Pending Maine Listings #1245344 | — | |
| Dec 3, 2015 | Active Under Contract Maine Listings #1245344 | — | |
| Nov 30, 2015 | Listed (Active) Maine Listings #1245344 | $109,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 08/25/2025 | Price Change Maine Listings #1633012 | $499,000 |
| 08/04/2025 | Listed (Active) Maine Listings #1633012 | $399,000 |
| 01/08/2016 | Sold Maine Listings #1245344 | $100,000 |
| 12/04/2015 | Pending Maine Listings #1245344 | — |
| 12/03/2015 | Active Under Contract Maine Listings #1245344 | — |
| 11/30/2015 | Listed (Active) Maine Listings #1245344 | $109,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 242 Valley Street
Taxable ValueLand$142,200Additions$114,500Total$256,700
Tax Record2024$3,853 ($321 / month)
Home Facts
Beds2Baths1.5Total Finished SqFt1,281 SqFtAbove Grade Finished SqFt1,281 SqFtStories2Lot Size5,001 SqFtStyleSingle Family ResidenceYear Built1900CountyCUMBERLANDAPNPTLD M:064 B:D013001
Schools near 242 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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Listing Courtesy of Benchmark 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.
