Established 3 unit in a rapidly developing area of the city. This building has favorable numbers, is in pre-loved and maintained condition, offers separate utilities for heat and electric, and is in a prime position to take it to the next level. Base Rents will generate $62,400 annually making this a great owner occupied investment property for someone looking to build equity while keeping a manageable mortgage. Showing times are limited to Thursday 10:30 am-11:30am, Sunday 3:00pm -4:00pm, Monday 5:00pm-6:00pm, Wednesday 11:30-12:30pm. Offers will be reviewed as they come in.
Multi-familyProperty Type
1900Year Built
3,484 sq ftLot Size
$317Est. Price/Sq.Ft.
1 spaceParking
Listed by Nicholas Guerrette• RE/MAX Shoreline
Bought with Daniel Meuse• Realty ONE Group - Compass
Come inside to be pleasantly surprised by attractive, updated and generously spacious units. Add parking, separate utilities, and 3 high efficiency heating systems, and multi units on the peninsula don't get much easier than this. A few blocks from Maine Med's expansion, this location is only becoming more desirable. Open Showings scheduled for Tuesday March 27th from 4 to 5PM and Wednesday March 28th from 3 to 4PM.
MREIS #1123660
May 9, 2014
Sold
$230,000
$99/sq ft
+18
Turnkey 3 Unit close to Maine Med with many recent updates. Currently keeping third floor apartment vacant for owner occupant.
Year
Property tax
Land + Additions
Assessment*
2024
$7,388 (+4.2%)
$134,600 + $357,600
$492,200
2023
$7,093 (+5.9%)
$134,600 + $357,600
$492,200
2022
$6,699 (+4.8%)
$134,600 + $357,600
$492,200
2021
$6,394 (+38.0%)
$134,600 + $357,600
$492,200
2020
$4,634
$64,400 + $134,400
$198,800
2019
$4,634 (+3.7%)
$64,400 + $134,400
$198,800
2018
$4,469 (+3.8%)
$64,400 + $134,400
$198,800
2017
$4,304 (+2.5%)
$64,400 + $134,400
$198,800
2016
$4,197 (+2.3%)
$64,400 + $134,400
$198,800
2015
$4,101 (+3.1%)
$64,400 + $134,400
$198,800
2014
$3,976
$64,400 + $134,400
$198,800
Tax history for 236 Valley St
Year
Property tax
Land + Additions
Assessment*
2024
$7,388 (+4.2%)
$134,600 + $357,600
$492,200
2023
$7,093 (+5.9%)
$134,600 + $357,600
$492,200
2022
$6,699 (+4.8%)
$134,600 + $357,600
$492,200
2021
$6,394 (+38.0%)
$134,600 + $357,600
$492,200
2020
$4,634
$64,400 + $134,400
$198,800
2019
$4,634 (+3.7%)
$64,400 + $134,400
$198,800
2018
$4,469 (+3.8%)
$64,400 + $134,400
$198,800
2017
$4,304 (+2.5%)
$64,400 + $134,400
$198,800
2016
$4,197 (+2.3%)
$64,400 + $134,400
$198,800
2015
$4,101 (+3.1%)
$64,400 + $134,400
$198,800
2014
$3,976
$64,400 + $134,400
$198,800
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
5
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
3,485 Sq. Ft.
Year renovated
—
Sq. Ft.
1,639
Year built
1900
Style
Multi-Family (2-4 Unit)
County
Cumberland County
APN
115460
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
B2
Community Business District
To provide appropriate locations for the development and operation of community centers offering a mixture of commercial uses, housing, and services serving the adjoining neighborhoods and the larger community. The variety, sites, and intensity of the permitted commercial uses in the B-2 zone are intended to be greater than those permitted in the B-1/B-1b zones. The zone provides a broad range of goods and services with a mixture of large and small buildings, such as grocery stores, shops and services located in major shopping centers and along arterial streets. Such establishments should be readily accessible by automobile, by pedestrians and by bicycle. Development in the B-2 zone should relate to the surrounding neighborhoods by design, orientation, and circulation patterns. The zone should provide locations for moderate to high-density housing in urban neighborhoods along arterials.
Permitted uses
Include but are not limited to:
Day care facility
General retail
Restaurant
Housing-Multiple units
Housing-Senior
Industrial
Hotel / motel
Mixed use
Office
Public service
Property details
Parking
Parking Information
Parking Features: 1 - 4 Spaces, Gravel, On Site, Off Street
Interior
Bathroom Information
# of Baths (Full): 3
Basement Information
Basement Entry: Interior, Walk-Out Access, Daylight, Finished, Full
Interior Features
Interior Features: Bathtub
Flooring: Wood, Vinyl
Other Equipment: Internet Access Available
Laundry Information
Laundry Features: Coin Laundry
Multi-Unit Information
# of Units Total: 3
# of 1 Bedroom Units: 1
# of 2 Bedroom Units: 2
Operating Expense: $13,963
Gross Income: $59,400
Unit 1 Information
# of Bedrooms: 1
Actual Rent: $1,350
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 2 Information
# of Bedrooms: 2
Actual Rent: $1,800
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Level: Basement
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 3 Information
# of Bedrooms: 2
Actual Rent: $1,800
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes
Exterior
Building Information
Construction Materials: Vinyl Siding, Wood Frame
Foundation Details: Stone, Brick/Mortar
Roof: Pitched, Shingle
Total Stories: 3
Total Building Area (Sq. Ft.): 2,329
Property Information
Year Built: 1900
Above-Grade Finished Area (Sq. Ft.): 1,639
Below-Grade Finished Area (Sq. Ft.): 690
Lot Information
Lot Size (Sq. Ft.): $3,484.80
Lot Size (Acres): 0.08
Lot Size Source: Public Records
Lot Features: Open, Level, Sidewalks, Near Shopping, Near Turnpike/Interstate, Near Town, Near Public Transit, Near Railroad
Road Surface Type: Paved
Zoning: B2
Financial
Tax Information
Annual Tax Amount: $6,699
Tax Year: 2023
Utilities
Utility Information
Has Heating
Heating: Zoned, Hot Water, Direct Vent Furnace
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities: Utilities On
Utilities On: Yes
Water Source: Public
Water Heater: Off Heating System
Location
Location Information
Unparsed Address: 236 Valley Street, Portland, ME 04102
Directions: Congress Street To Valley Street (#236 On Right)
Public facts
Beds: 5
Baths: 3.0
Sq. Ft.: 1,639
Stories: 2.0
Lot Size: 3,485 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1900
Year Renovated: —
County: Cumberland County
APN: 115460
Home facts updated by county records on Jul 27, 2026
Around this home
Schools
Howard C Reiche Community School
Public PreK-5 • Assigned • 0.6mi
3/10
Deering High School
Public 9-12 • Assigned • 1.6mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 88° expected this year, 17 days in 30 years
6/10 Wind Factor
60% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Portland, ME • 04102
Average low and high temperatures (°F)
30
17
33
16
44
29
53
37
63
48
75
58
80
64
78
59
72
54
61
44
50
34
35
21
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.5 hours in
June and 4.3 hours in December, placing it below the
U.S. average for solar exposure.
8.5 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$703,000 – $851,000
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