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About this home
A Rare Opportunity to own a beautifully renovated, zoned multi-use property currently operating as the Mercury Inn. Lovingly owned and operated by the same owners for nearly 13 years, this reimagined 1890s Victorian mansion on Portland's peninsula is truly a gem. Fully renovated in 2019, this turnkey inn seamlessly blends historic character, thoughtful modern design, and exceptional flexibility. The second and third floors feature four spacious living room/bedroom guest suites, each with its own private bathroom and living room on each floor. Winding, turn-of-the-century staircases add to the property's distinctive historic charm. Guests also enjoy a shared kitchenette and a private reading nook on the second floor, creating inviting spaces to relax and unwind. The first floor offers a large, separate owner's apartment with soaring 10-foot ceilings, original period details, beautiful built-ins, and an abundance of historic charm. The apartment includes two bedrooms, two bathrooms, a full kitchen, and gorgeous formal dining and living rooms. The space could serve as comfortable owner's quarters or be reimagined as an additional income-producing unit, providing even more flexibility for the next owner. Outside, the property offers a private backyard and ample parking, making it especially well suited for an owner-occupied innkeeper or an investor seeking a flexible hospitality property. Whether you are an experienced investor, aspiring innkeeper, or entrepreneur looking to continue the legacy of this well-loved property, the Mercury Inn presents an exceptional opportunity to own a unique piece of Portland's thriving hospitality landscape. Ideally located this property is within easy walking distance of museums, acclaimed restaurants, shops, and the many attractions that make both the West End and downtown Portland so desirable. Historic charm. Modern convenience. Flexible zoning. Prime Portland location. A truly special opportunity.
Single-familyProperty Type
1894Year Built
4,791 sq ftLot Size
$218Price/Sq.Ft.
5 spacesParking
Listed by Sarah Delisle Courtney Sweeton• Portside Real Estate Group
Parkside, located between Deering Oaks Park and the Arts District, is a residential and artsy Portland neighborhood with a leafy park edge and a grid of classic apartment blocks. The neighborhood’s character concentrates along Congress Street near the Portland Museum of Art, where galleries, coffee counters, and small restaurants set a steady street rhythm. The State Theatre, Portland Museum of Art, and Tandem Coffee + Bakery act as cultural pillars with regular foot traffic. Brick multifamily buildings and restored Victorians line side streets, with pocket gardens and stoops shaping the streetscape. Deering Oaks adds ballfields, paths, and seasonal events that pull daily routines outdoors. A walkable layout links local studios, corner markets, and transit stops without losing a lived-in feel.
Provided by Walk Score and Local Logic
Market insights
273 State St · $1,195,000
DAYS ON MARKET
1 days
The average home goes pending in 35 days.
SALE-TO-LIST
100.8%
Most homes are selling 1% above list price.
LIST PRICE
$1,195,000
Median sale price in this area is $608,005. (49% lower 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
Dining
Interior features
First-floor bedroom and first-floor primary bedroom with bath
Shower
Storage
15 total rooms
One fireplace
Bedrooms
Bedroom 1 on the first floor
Bedroom 2 on the first floor
Bedroom 3 on the second floor
Bedroom 4 on the second floor
Bedroom 5 on the third floor
Bedroom 6 on the third floor
Bathrooms
6 full bathrooms
Kitchen
Cooktop
Electric range
Dishwasher
Refrigerator
Laundry & utility
Washer hookup
Washer
Dryer
Flooring
Wood floors
Ceramic tile
Heating & cooling
Heat pump
Hot water heating
Exterior features
Porch
Located in a historic district
Intown location, near shopping and turnpike/interstate
Level lot with sidewalks
Paved road
Home design
Single family residence
Built in 1894
Parking
Paved on-site parking
Off-street parking
5–10 parking spaces
Construction
Wood frame construction with aluminum siding
Stone foundation
Slate roof
Utilities
Public water
Public sewer
Electric service with circuit breakers
Electric water heater
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Permits
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Single Family Residential
County
Cumberland County
APN
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Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Last updated by owner on Apr 24, 2025.
R6
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
Sep 21, 2022 • Final
Hvac
Install a heating and cooling system.
HVAC
Dec 8, 2021 • Final
Commercial/multi family (3+ units) additions
Demolish the existing storage shed and install a new shed.
Demolition
New construction
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Historical weather
Portland, ME • 04101
Average low and high temperatures (°F)
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18
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44
30
52
39
63
49
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58
80
64
77
60
71
56
61
46
50
36
36
22
Jan
Feb
Mar
Apr
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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
Redfin Estimate for 273 State St
$1,196,146
$1,146 over list price of $1.20M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $675K to $1.3M.