OFF MARKET

Off Market Feb 2023 for $690K

$913,392

•

2,824

sq ft

241 Spring St, Portland, ME 04102

About this home

Clean, West End 4 unit perfect for an owner-occupant or an Investor looking to add to their portfolio. 241 Spring has excellent long term tenant history and is low maintenance; no plowing and minimal lawn mowing is needed. Each tenant has a separate entrance and natural gas Rinnai heaters so tenants pay their own utilities. The building has been tastefully updated and well-maintained over its 20-year ownership (see attached list of improvements). Some units have new replacement windows and ample storage closets. Two units are exempt from the rent control ordinance and 2 units have been notified of rent increases in 2023. Located a short walk to local restaurants Chaval, Ruby's, and neighborhood favorites Rosemont Bakery & Market and Chocolats Passion!

Multi-familyProperty Type

1885Year Built

2,178 sq ftLot Size

$323Est. Price/Sq.Ft.

Listed by Erin Oldham Susan Kendeigh • Portside Real Estate Group

Bought with Daniel Weber • Portside Real Estate Group

Redfin checked: 2 minutes ago

•Source:MREIS #1548955

Redfin Estimate

$913,392

$223K since sold in February 2023$1,000 since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 2.3% higher than the average sale price ($893K) of 6 comparable homes.

SOLD AUG 7, 2026
$820,000
A
4 beds4.5 baths2,360 sq ft
315 Brackett St, Portland, ME 04102
SOLD NOV 26, 2025
$950,000
B
6 beds3 baths2,574 sq ft
12 May St, Portland, ME 04102
SOLD MAY 26, 2026
$995,000
C
4 beds3.5 baths1,977 sq ft
46 Avon St, Portland, ME 04101
SOLD FEB 26, 2026
$1,000,000
D
6 beds4.5 baths3,104 sq ft
207 State St, Portland, ME 04101
SOLD MAY 26, 2026
$850,000
E
9 beds3 baths3,200 sq ft
95 Gray St, Portland, ME 04102
SOLD JUN 26, 2026
$740,000
F
5 beds4 baths3,568 sq ft
3 Crescent St, Portland, ME 04102

Claim this home to receive a free report every month with insights on the changing estimate.

Market trends in 04102, ME

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

100.9%

1.0% MoM

Median sale price

$600K

$136 MoM

Avg. days on market

35d

2 days MoM

Recently sold homes

16 MoM

New listings for sale

$599,000
3 beds1.5 baths1,440 sq ft
29A Pine St, Portland, ME 04102
$445,000
2 beds1 bath924 sq ft
41 Raymond Rd, Portland, ME 04102
OPEN SUN, 10:30AM TO 11:30AM
$455,000
3 beds1 bath1,230 sq ft
1363 Congress St #3, Portland, ME 04102
$985,000
4 beds2.5 baths2,652 sq ft
61 Owls Nest Rd, Portland, ME 04102
3D WALKTHROUGH
$659,000
6 beds2 baths2,680 sq ft
1538 Congress St, Portland, ME 04102
$549,000
4 beds2 baths1,875 sq ft
1021 Congress St, Portland, ME 04102
See all

Provided by Redfin

Sale history for 241 Spring St

Year

Property tax

Land + Additions

Assessment*

2024

$10,831 (+4.2%)

$270,200 + $451,400

$721,600

2023

$10,398 (+5.9%)

$270,200 + $451,400

$721,600

2022

$9,821 (+4.8%)

$270,200 + $451,400

$721,600

2021

$9,374 (+29.0%)

$270,200 + $451,400

$721,600

2020

$7,266

$136,300 + $175,400

$311,700

2019

$7,266 (+3.7%)

$136,300 + $175,400

$311,700

2018

$7,007 (+3.8%)

$136,300 + $175,400

$311,700

2017

$6,748 (+2.6%)

$136,300 + $175,400

$311,700

2016

$6,580 (+2.3%)

$136,300 + $175,400

$311,700

2015

$6,430 (+3.1%)

$136,300 + $175,400

$311,700

2014

$6,234

$136,300 + $175,400

$311,700

Tax history for 241 Spring St

Year

Property tax

Land + Additions

Assessment*

2024

$10,831 (+4.2%)

$270,200 + $451,400

$721,600

2023

$10,398 (+5.9%)

$270,200 + $451,400

$721,600

2022

$9,821 (+4.8%)

$270,200 + $451,400

$721,600

2021

$9,374 (+29.0%)

$270,200 + $451,400

$721,600

2020

$7,266

$136,300 + $175,400

$311,700

2019

$7,266 (+3.7%)

$136,300 + $175,400

$311,700

2018

$7,007 (+3.8%)

$136,300 + $175,400

$311,700

2017

$6,748 (+2.6%)

$136,300 + $175,400

$311,700

2016

$6,580 (+2.3%)

$136,300 + $175,400

$311,700

2015

$6,430 (+3.1%)

$136,300 + $175,400

$311,700

2014

$6,234

$136,300 + $175,400

$311,700

*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

Baths

Stories

Lot width

—

Lot depth

—

Lot size

2,178 Sq. Ft.

Year renovated

—

Sq. Ft.

2,824

Year built

1885

Style

Multi-Family (5+ Unit)

County

Cumberland County

APN

114642

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 27, 2026.

Residential

To set aside areas on the peninsula for housing characterized primarily by multi-family dwellings at a high density providing a wide range of housing for differing types of households; to conserve the existing housing stock and residential character of neighborhoods by controlling the scale and external impacts of professional offices and other nonresidential uses; and to encourage new housing development consistent with the compact lot development pattern typically found on the peninsula.

Permitted uses

Include but are not limited to:

Housing-Single unit
Housing-Multiple units
Housing-Other
Bed & breakfast
Lodging & hospitality-Other
Cemetery
Park & open space

Property details

Parking

Parking Information
Parking Features: No Parking, No Driveway, On Street

Interior

Bathroom Information
# of Baths (Full): 4

Basement Information
Basement Entry: Interior, Brick/Mortar, Full

Interior Features
Interior Features: Walk-in Closets, One-Floor Living, Shower
Flooring: Wood, Vinyl, Laminate, Carpet
Other Equipment: Satellite Dish, Internet Access Available

Multi-Unit Information
# of Units Total: 4
# of 1 Bedroom Units: 2
# of 2 Bedroom Units: 2
Operating Expense: $13,500
Gross Income: $54,900

Unit 1 Information
# of Bedrooms: 1
Actual Rent: $825
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2 Information
# of Bedrooms: 2
Actual Rent: $1,250
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3 Information
# of Bedrooms: 2
Actual Rent: $1,500
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 4 Information
# of Bedrooms: 1
Actual Rent: $1,000
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, Concrete Perimeter, Slab, Brick/Mortar
Roof: Flat, Membrane
Total Stories: 2
Total Building Area (Sq. Ft.): 2,824

Property Information
Year Built: 1885
Above-Grade Finished Area (Sq. Ft.): 2,824
Levels: Multi-Level

Lot Information
Lot Size (Sq. Ft.): $2,178
Lot Size (Acres): 0.05
Lot Size Source: Public Records
Lot Features: Level, Sidewalks, Intown, Near Shopping, Neighborhood
Road Surface Type: Paved
Zoning: R6

Financial

Tax Information
Annual Tax Amount: $9,374
Tax Year: 2021

Utilities

Utility Information
Has Heating
Heating: Direct Vent Heater
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities: Utilities On
Utilities On: Yes
Water Source: Public
Water Heater: Gas

Location

Location Information
Unparsed Address: 241 Spring Street, Portland, ME 04102

Public facts

Beds: 6
Baths: 4.0
Sq. Ft.: 2,824
Stories: 2.0
Lot Size: 2,178 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1885
Year Renovated: —
County: Cumberland County
APN: 114642

Home facts updated by county records on Jul 27, 2026

Around this home

Schools
Places
Transit

Howard C Reiche Community School

Public PreK-5 • Assigned • 0.1mi

3/10

King Middle School

Public 6-8 • Assigned • 0.7mi

2/10

Portland High School

Public 9-12 • Assigned • 0.8mi

4/10

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 86° expected this year, 18 days in 30 years

6/10 Wind Factor

64% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Portland, ME • 04102

Average low and high temperatures (°F)

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

Is this your home?

Track this home’s value and nearby sales activity

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Home values near 241 Spring St

Data from public records.

Address	Redfin Estimate
253 Spring St Apartment 1, Portland, ME 2 Beds \| 1 Baths \| 1261 Sq. Ft.	$463,345
253 Spring St Apartment 3, Portland, ME 2 Beds \| 1 Baths \| 1170 Sq. Ft.	$427,295

Address	Redfin Estimate
243 Spring St, Portland, ME 2 Beds \| 1 Baths \| 846 Sq. Ft.	$553,810
253 Spring St Apartment 2, Portland, ME 2 Beds \| 1 Baths \| 1102 Sq. Ft.	$435,635

Address	Redfin Estimate
249 Spring St, Portland, ME 6 Beds \| 3 Baths \| 3240 Sq. Ft.	$962,788
251 Spring St Apartment 3, Portland, ME 2 Beds \| 1 Baths \| 1170 Sq. Ft.	$516,076

Property information provided by MREIS when last listed in 2022. This data may not match . Learn more.

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