OFF MARKET

Off market feb 2023 for $690K

$937,840

•

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

$332Est. Price/Sq.Ft.

Listed by Erin Oldham Susan Kendeigh • Portside Real Estate Group

Bought with Daniel Weber • Portside Real Estate Group

Redfin checked: a minute ago

•Source:MREIS #1548955

Redfin Estimate

$937,840

$248K since sold in February 2023$16K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 13.8% lower than the average sale price ($1.09M) of 6 comparable homes.

SOLD AUG 26, 2026
$990,000
A
5 beds3.5 baths2,733 sq ft
259 Spring St, Portland, ME 04102
SOLD AUG 7, 2026
$820,000
B
4 beds4.5 baths2,360 sq ft
315 Brackett St, Portland, ME 04102
SOLD SEP 10, 2026
$1,275,000
C
5 beds3.5 baths3,270 sq ft
62 Bowdoin St, Portland, ME 04102
SOLD AUG 31, 2026
$700,000
D
4 beds3 baths3,056 sq ft
14 Boynton St, Portland, ME 04102
SOLD SEP 30, 2026
$1,745,000
E
5 beds4 baths4,104 sq ft
37 Carroll St, Portland, ME 04102
SOLD MAY 26, 2026
$995,000
F
4 beds3.5 baths1,977 sq ft
46 Avon St, Portland, ME 04101

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

Market trends in 04102, ME

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.4%

1.8% MoM

Median sale price

$553K

$92K MoM

Avg. days on market

37d

8 days MoM

Recently sold homes

2 MoM

New listings for sale

OPEN SUN, 11AM TO 12:30PM
$699,000
5 beds2 baths2,320 sq ft
21 Edwards St, Portland, ME 04102
NEW 27 HRS AGO
$495,000
3 beds2 baths1,233 sq ft
287 Spring St #7, Portland, ME 04102
OPEN SUN, 12PM TO 1:30PM
$515,000
3 beds1 bath1,444 sq ft
89 Dorset St, Portland, ME 04102
$499,000
3 beds3 baths4,070 sq ft
15 Boynton St, Portland, ME 04102
OPEN SUN, 11:30AM TO 1PM
$1,349,000
5 beds3.5 baths3,030 sq ft
77 Carleton St, Portland, ME 04102
$495,000
2 beds2 baths1,180 sq ft
773 Congress St #3, Portland, ME 04102
$350,000
4 beds2 baths2,209 sq ft
15 Russell St, Portland, ME 04102
$399,000
2 beds1.5 baths1,116 sq ft
150 Brighton Ave #1, Portland, ME 04102
$799,000
3 beds3 baths2,413 sq ft
94 Emery St, Portland, ME 04102
OPEN SUN, 12PM TO 1:30PM
$595,000
3 beds1.5 baths1,410 sq ft
52 Dennett 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
Permits

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

Howard C Reiche Community School

Public PreK-5 • Assigned • 0.1mi

3/10

Deering High School

Public 9-12 • Assigned • 2.1mi

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 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?

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New listings for sale in 04102

OPEN SUN, 11AM TO 12:30PM

$699,000

5 beds2 baths2,320 sq ft

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NEW 27 HRS AGO

$495,000

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OPEN SUN, 12PM TO 1:30PM

$515,000

3 beds1 bath1,444 sq ft

89 Dorset St, Portland, ME 04102

$499,000

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15 Boynton St, Portland, ME 04102

OPEN SUN, 11:30AM TO 1PM3D WALKTHROUGH

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5 beds3.5 baths3,030 sq ft

77 Carleton St, Portland, ME 04102

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773 Congress St #3, Portland, ME 04102

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2 beds1.5 baths1,116 sq ft

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$799,000

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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.	$436,320
253 Spring St Apartment 3, Portland, ME 2 Beds \| 1 Baths \| 1170 Sq. Ft.	$411,667

Address	Redfin Estimate
243 Spring St, Portland, ME 2 Beds \| 1 Baths \| 846 Sq. Ft.	$495,378
253 Spring St Apartment 2, Portland, ME 2 Beds \| 1 Baths \| 1102 Sq. Ft.	$435,122

Address	Redfin Estimate
249 Spring St, Portland, ME 6 Beds \| 3 Baths \| 3240 Sq. Ft.	$988,225
251 Spring St Apartment 3, Portland, ME 2 Beds \| 1 Baths \| 1170 Sq. Ft.	$503,218

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

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