$1,150,000
$145K PRICE DROP

243 & 245 High St Portland, ME 04101

Parkside Neighborhood

Estimated payment $7,378/month

Total Views 11,261
-- Bed
-- Bath
6,393 Sq Ft
$180 Price per Sq Ft

Highlights

  • Deck
  • Main Floor Bedroom
  • Patio
  • Wood Flooring
  • No HOA
  • 5-minute walk to Deering Oaks Park

About This Home

16 room lodging house in downtown Portland. Property features long term tenants; two kitchens and five bathrooms, updated electrical panel, rear decks, and driveways on both sides of building. Huge upside potential with ability to increase rents to subsidized tenants. Also listed Commercial MLS #1618280.

Listing Agent

Jeffrey Davis

Town & Shore Real Estate Listed on: 04/07/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,996

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot
  • Sprinkler System

Home Design

  • Rooming House
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • Main Floor Bedroom
  • 2-Story Property
  • Fire Sprinkler System
  • Laundry on main level

Flooring

  • Wood
  • Carpet
  • Concrete
  • Vinyl

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Hot Water Heating System

Listing and Financial Details

  • Legal Lot and Block 5,6 / G
  • Assessor Parcel Number 243245highstreetportland04101

Community Details

Overview

  • No Home Owners Association
  • 16 Units

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $90,669
  • Gross Income $190,278

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,996

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Road Surface Type: Paved
  • MLS Status: Active
  • Directions: High Street to #243-245; Between Grant Street and Park Avenue
  • Above Grade Finished Sq Ft: 5843.0
  • Architectural Style: Rooming House
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.12
  • Property Information:SqFt Finished Above Grade: 5843.0
  • Property Information:SqFt Finished Below Grade: 550.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Roof:Shingle: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 16
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 190278.0
  • Income Expenses Operating Expenses: 90669.0
  • Amenities:Laundry - 1st Floor: Yes
  • Parking:Paved3: Yes
  • Floors:Concrete2: Yes
  • Misc Amenities Sprinkler: Yes
  • Building Info:_pound_ Floors3: 3
  • Amenities:Laundry - Coin: Yes
  • Style:Rooming House: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Interior, Finished, Full, Unfinished
  • Below Grade Sq Ft: 550.0
  • Fireplace: No
  • Flooring: Wood, Vinyl, Concrete, Carpet
  • Interior Amenities: 1st Floor Bedroom
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Sidewalks, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Brick/Mortar
  • Patio And Porch Features: Deck, Patio
  • Roof: Shingle
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, Off Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Laundry - Coin
  • Security: Sprinkler, Fire System
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5227.2
  • Parcel #: 243245highstreetportland04101
  • Zoning: RN-4

Multi Family

  • Number Of Units Total: 16
  • Annual Gross Income: 190278.0
  • Annual Operating Expense: 90669.0

Tax Info

  • Tax Annual Amount: 14996.0
  • Tax Block: G
  • Tax Book Number: 33694
  • Tax Lot: 5,6
  • Tax Map Number: 36
  • Tax Year: 2025

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2025 08/13/25 Price Changed $1,150,000 -11.2% $180 / Sq Ft
04/07/2025 04/07/25 For Sale $1,295,000 -- $203 / Sq Ft
Source: Maine Listings

Source: Maine Listings

MLS Number: 1618279

Maine Listings
Maine Cumberland County Portland 04101 Parkside

243 & 245 High St, Portland, ME

This home is located at 243 & 245 High St, Portland, ME 04101 and is currently priced at $1,150,000, approximately $179 per square foot. This property was built in 1900. 243 & 245 High St is a home located in Cumberland County with nearby schools including Reiche Community School, King Middle School, and Baxter Academy for Tech & Sciences.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Maine Listings Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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Jeffrey Davis
Listing Agent
Jeffrey Davis
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Town & Shore Real Estate
(207) 531-5320