OPPORTUNITY: $299,000! This is an almost unbelievable value in Portland's highly desirable Back Cove neighborhood. 150-154 Murray Street combines a single-family home and adjoining lot, creating a rare double-lot offering totaling just under . 4 acres. At this price, the opportunity is extraordinary—the value of the two lots alone approaches the asking price. Renovate the existing home and build immediate equity, explore the potential of the adjoining lot, or create a generous in-town property with exceptional outdoor space and room to grow. LOCATION: Tucked away on a quiet dead-end street, the setting feels peaceful and removed while everything is remarkably close. Walk to Monte's Fine Foods and Tipo, with The Roux Institute, Woodfords Corner and its shops and restaurants just minutes away. Downtown Portland is also only minutes from your door. Add in that the home is walkable to Ocean Elementary and Cheverus High School for a location that can't be beat. RECREATION: Payson Park and Portland Trails are nearby, offering year-round recreation from trail running and mountain biking to tennis, pickle ball, baseball and more. VALUE: This is a rare opportunity for someone ready to roll up their sleeves, an investor looking for a value-add project, or a buyer seeking land, flexibility and tremendous upside in Portland. Property is being sold AS IS. GROUP SHOWINGS ONLY: Friday, September 4; Saturday, September 5; and Tuesday, September 8, from 10-12. Offers due Wednesday, September 9, at 5:00.
Single-familyProperty Type
1960Year Built
0.36 acresLot Size
$267Price/Sq.Ft.
2 garage spacesParking
Listed by Thomas {Tom} Landry• Benchmark Real Estate
Back Cove, located between the Back Cove shoreline and I-295, is a residential and waterfront Portland neighborhood with a 3.6-mile trail loop and broad bay views. The neighborhood’s character concentrates along Forest Avenue near Woodford Street, where corner markets, coffee counters, and long-running local eateries set a steady, everyday rhythm. Triple Espresso anchors the caffeine routine, while Woodford Food & Beverage and The Great Lost Bear serve as familiar gathering rooms. Housing leans toward early-20th-century capes and colonials, with pockets of mid-century apartments. The Back Cove Trail frames morning runs, stroller walks, and sunset laps. Tree-lined blocks meet working streets, giving the area a practical, lived-in feel.
Provided by Walk Score and Local Logic
Market insights
150-154 Murray St · $299,000
DAYS ON MARKET
8 days
The average home goes pending in 35 days.
SALE-TO-LIST
100.8%
Most homes are selling 1% above list price.
LIST PRICE
$299,000
Median sale price in this area is $608,005. (103% higher than this home)
PRICE DROP
0 price drops
23% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
First-floor bedroom
Bathtub
Storage
5 total rooms
Finished basement with interior entry
Bedrooms
Bedroom 1 — First floor
Bedroom 2 — First floor
Bedroom 3 — First floor
Bathrooms
1 full bathroom
Kitchen
Dishwasher
Microwave
Electric range
Refrigerator
Laundry & utility
Washer hookup
Flooring
Tile
Wood
Heating & cooling
Baseboard heating
Hot water heating
Wood stove
Exterior features
Deck
Interior lot
Near golf course, public beach, shopping, turnpike/interstate, town, and public transit
Neighborhood/suburban setting
Wooded
Home design
Single family residence
Built in 1960
Parking
Detached 2-car garage
Paved on-site parking with 5–10 spaces
Construction
Wood frame construction with wood siding
Pitched shingle roof
Full basement (finished and unfinished areas)
Utilities
Public water
Public sewer
Electric with circuit breakers
Water heater off heating system
Utilities on
HOA & community
No pet restrictions
Electricity and solar
View estimated energy costs and solar savings for this home
This home ranks in the top 2% for direct sun exposure in Portland. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9 hrs
5.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 150-154 Murray St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $377,777 and $712,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $378K to $712K.