18

Portland, ME Homes for Sale under $500,000

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  • /40

    $499,000

    • 2 Beds
    • 1.5 Baths
    • 1,281 Sq Ft

    242 Valley St, Portland, ME 04102

    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

    Agent Photo

    Tom Landry

    Benchmark Real Estate

    (207) 466-8714

    242 Valley St, Portland, ME 04102
  • /13

    $495,000

    • Land
    • 0.39 Acre
    • $1,269,231 per Acre

    63A Capisic St, Portland, ME 04102

    Expansive, Sun-Filled Lot in Portland's Desirable Capisic/Rosemont Neighborhood A rare opportunity to build in one of Portland's most sought-after and convenient neighborhoods. This elevated and open lot offers approximately 75' of frontage and measures roughly 75' x ~225', totaling an impressive 0.39 acres. The options in this coveted RN1 zone are as abundant as the sunlight — perfect for a

    Agent Photo

    Tom Landry

    Benchmark Real Estate

    (207) 250-5200

    63A Capisic St, Portland, ME 04102
  • /36

    $455,000

    • 2 Beds
    • 1.5 Baths
    • 1,052 Sq Ft

    459 Allen Ave Unit 16, Portland, ME 04103

    Nestled at the end of a peaceful cul-de-sac, this charming two-bedroom, two-bath condominium offers the perfect blend of country tranquility and city convenience. Surrounded by lush greenery and wooded views, this home is a true retreat. Inside, you'll find brand new hardwood and luxury vinyl plank floors throughout, adding warmth and elegance to every room. The recently remodeled kitchen,

    David Foster Fontaine Family-The Real Estate Leader

    459 Allen Ave Unit 16, Portland, ME 04103
  • /29

    $489,000

    • 3 Beds
    • 2 Baths
    • 1,276 Sq Ft

    1038 Ocean Ave, Portland, ME 04103

    Step into effortless single floor living on this beautifully updated 3 bedroom, 2 full bathroom ranch, nestled on just over half an acre. The open-concept layout welcomes you with vaulted ceilings, leading to large living and dining areas and a kitchen perfect for gathering, including custom cabinetry, granite countertops, oversized island, and a gas stove. A rare find in this style of home, the

    Kaili Moore Portside Real Estate Group

    1038 Ocean Ave, Portland, ME 04103
  • /33

    $479,900

    • 2 Baths
    • 1,460 Sq Ft

    1 Horton Place, Portland, ME 04102

    Priced to Sell! Turn key 2 family house. Two 2-bedroom townhouse-style units with one bathroom with room to add sqft. Apt 1 featuring finished basement with separate laundry. Both units have recently undergone extensive renovations such as, new roof, new separate gas heating, flooring, kitchens, bathrooms, paint and electrical upgrades and much more. The property is an excellent choice for

    Eddy Ahmed Real Broker

    1 Horton Place, Portland, ME 04102
  • /19

    $475,000 New Construction

    • 3 Beds
    • 2 Baths
    • 1,352 Sq Ft

    16 Shepherd Ln, Portland, ME 04103

    Welcome to Shepherd Lane, Windham's newest subdivision! Located off Falmouth Road, Shepherd Lane is convenient to Portland and all that the Lakes Region has to offer. This To-Be-Built Pine Tree Colonial has 3 Bedrooms, 2 Bathrooms, and an open concept first floor. Upstairs, there are 3 bedrooms, including a primary bedroom with a walk-in closet, 2 guest bedrooms, and a full bathroom. All 13 homes

    Jason Saphire www.HomeZu.com

    16 Shepherd Ln, Portland, ME 04103
  • /23

    $409,999 New Construction

    • 2 Beds
    • 1 Bath
    • 614 Sq Ft

    1 Firefly St Unit 402, Portland, ME 04102

    Welcome to Stroudwater Commons — Portland's newest condo community, where modern design meets attainable luxury. With bright, open spaces, timeless finishes, and exceptional efficiency, these 2BR/1BA homes are thoughtfully crafted for both comfort and convenience. Each residence offers a spacious layout, sleek modern kitchen, stylish bath, in-unit laundry, and efficient heat pumps for year-round

    Will Van Wickler Keller Williams Realty

    1 Firefly St Unit 402, Portland, ME 04102
  • /20

    $499,900 New Construction

    • 3 Beds
    • 2 Baths
    • 1,632 Sq Ft

    14 Shepherd Ln, Portland, ME 04103

    Welcome to Shepherd Lane, Windham's newest subdivision! Located off Falmouth Road, Shepherd Lane is convenient to Portland and all that the Lakes Region has to offer. Framing has been completed on this Balsam Cape that has 3 Bedrooms, 2 Bathrooms, an open concept kitchen, dining room, and living room. The first floor also has a full bath, a mudroom area, and a separate room perfect for an office

    Jason Saphire www.HomeZu.com

    14 Shepherd Ln, Portland, ME 04103
  • /26

    $444,000

    • 1 Bed
    • 1 Bath
    • 565 Sq Ft

    10 Exchange St Unit 307, Portland, ME 04101

    Introducing Unit 307 at 10 Exchange Street — set on one of the Old Port's most iconic cobblestone streets, this condo places you at the center of Portland's best dining, boutique shopping, art galleries, and the working waterfront. Morning walks along the harbor, evenings at award-winning restaurants, and easy access to nearby parks define the lifestyle here. Inside, the home pairs historic

    John Hayes Keller Williams Realty

    10 Exchange St Unit 307, Portland, ME 04101
  • /43

    $422,500

    • 3 Beds
    • 1.5 Baths
    • 1,314 Sq Ft

    1549 Westbrook St, Portland, ME 04102

    This is a rare opportunity for someone to own a house in the sought-after Stroudwater area that actually has investment potential. Great location. Largest lot at this price point. Set in the highly desirable neighborhood of Stroudwater, this thoughtfully renovated, move-in ready, single family home has a breathtaking backyard with a large bellowing willow tree and trails on the abutting

    Laurie Marcello Maine Real Estate Experts

    1549 Westbrook St, Portland, ME 04102
  • /15

    $425,000

    • 2 Beds
    • 1 Bath
    • 1,000 Sq Ft

    9 Parris St Unit 2, Portland, ME 04101

    This beautiful 1,000 square foot 2+bedroom (office-room is large enough for a 3rd bedroom) condominium has been ''completely'' renovated. New kitchen, new bathroom, new interior paint job, professionally refinished hardwood floors throughout, new fire doors, all brand new appliances. Located walking distance (1 1⁄2 blocks) to downtown Portland. All this in a stylish Greek Revival building. The

    Richard Murphy Harborview Properties, Inc.

    9 Parris St Unit 2, Portland, ME 04101
  • /33

    $485,000

    • 3 Beds
    • 2 Baths
    • 1,912 Sq Ft

    95 Lane Ave, Portland, ME 04103

    Welcome to 95 Lane Avenue in Portland, Maine. Located in a quiet neighborhood, this spacious raised ranch provides an abundance of finished living space. With 3-4 bedrooms, 2 full baths, a den/office area, living room and open kitchen. Well maintained and cared for home with several efficient new windows, newer light fixtures, and updated plank flooring. From the dining room, step outside to the

    Maria Morrissette Fontaine Family-The Real Estate Leader

    95 Lane Ave, Portland, ME 04103
  • /10

    $475,000

    • Land
    • 0.06 Acre
    • $7,916,667 per Acre

    20 Fox St, Portland, ME 04101

    Opportunity awaits at 20 Fox Street. Buildable lot in the R6 zone on Portland's peninsula. Zoning will allow anything from your single family dream home, or 4 units up to a 45' height. Views of sunsets over back cove await, don't hesitate, land doesn't come along in like this in Portland!

    Derek Goff Joseph Tomazin Signature Homes Real Estate Group, LLC

    20 Fox St, Portland, ME 04101
  • /23

    $449,999 New Construction

    • 3 Beds
    • 1 Bath
    • 656 Sq Ft

    1 Firefly St Unit 403, Portland, ME 04102

    Welcome to Stroudwater Commons - Portland's newest condo community, where modern design meets attainable luxury. With bright, open spaces, timeless finishes, and exceptional efficiency, these 3BR/1BA homes are thoughtfully crafted for both comfort and convenience. Each residence offers a spacious layout, sleek modern kitchen, stylish bath, in-unit laundry, and efficient heat pumps for year-round

    Will Van Wickler Keller Williams Realty

    1 Firefly St Unit 403, Portland, ME 04102
  • /30

    $485,000

    • 3 Beds
    • 1 Bath
    • 1,240 Sq Ft

    56 Tarbell Ave, Portland, ME 04103

    Charming turn key Gambrel located in a quiet neighborhood off of Forest Avenue. Located on a corner lot w/large fenced in backyard w/fire pit & covered front porch for outside enjoyment. Updated kitchen w/island, gas range & plenty of cabinet storage. First floor layout flows well w/formal dinning room & light filled living room with built ins, crown molding & classic trim package throughout the

    Nicholas Trepanier F.O. Bailey Real Estate

    56 Tarbell Ave, Portland, ME 04103
  • /85

    $409,000

    • 3 Beds
    • 1 Bath
    • 986 Sq Ft

    428 Allen Ave, Portland, ME 04103

    Step inside this quintessential Cape Cod built with integrity and craft. Constructed in 1941 with the same family owning this gem since 1945. This adorable family home offers 3 bedrooms with a bed and bath on the first floor. Renovated over the years, there's still plenty of room for your updates and personal cosmetic touches. Seller is offering 10,000 IN CONCESSIONS at closing to go towards

    Jennifer Defilipp Townsend Real Estate

    428 Allen Ave, Portland, ME 04103
  • /33

    $425,000

    • Land
    • 1.08 Acres
    • $393,519 per Acre

    24 Edwards St, Portland, ME 04102

    This unique 1.08-acre lot on Peaks Island offers spectacular, unobstructed ocean views from an elevated location, ensuring privacy and investment protection. With a recent perk test, full elevation survey, and available building envelope designs, it's ready for construction. The tranquil setting provides a rare opportunity to build in this scenic, peaceful area.

    John McCarthy Legacy Properties Sotheby's International Realty

    24 Edwards St, Portland, ME 04102
  • /50

    $475,000

    • 2 Beds
    • 2.5 Baths
    • 1,790 Sq Ft

    24 Celebration Ct Unit 13, Portland, ME 04102

    This condo checks all the boxes — spacious, stylish, and seriously convenient. 2 bedroom and 3 bath. Built in 2003 with extra-large bedrooms and walk-in closets, it's got room to live and breathe. Affordable monthly dues with a small, self-managed HOA that keeps the community personal, quiet, and well maintained, means easy living without the maintenance headaches. Close to schools, shops, I-95,

    Amber Riendeau Tim Dunham Realty

    24 Celebration Ct Unit 13, Portland, ME 04102

Home Trends in Portland, ME

Housing Trends

Median Sale Price
$579,500
Median Single Family Sale Price
$605,000
Median Townhouse Sale Price
$1,142,500
Median 2 Bedroom Sale Price
$592,500
Median 1 Bedroom Sale Price
$452,500
Average Price Per Sq Ft
$467
Number of Homes for Sale
97
Last 12 months Home Sales
688
Months of Supply
1.70
Median List Price
$595,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-4%
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