OFF MARKET

Off market dec 2023 for $930K

$984,661

•

3,450

sq ft

317-319 Valley St, Portland, ME 04102

About this home

Incredible turnkey Triplex with strong cash flow (114K+ income), perfect for Investment or owner occupancy. This updated property with many recent improvements is conveniently situated in downtown Portland with easy access to Maine Med, restaurants, shopping, and much more. This low-maintenance updated building offers spacious 3 apartments, two are 4 bedroom, 1.5 bath and third floor unit features 5 bedrooms and 2 full bathrooms. The financials for this property are outstanding, with projected yearly profit of $94K+. Alternatively, an owner could choose to reside in one of the apartments while renting out the others to cover most of the mortgage. With a low maintenance updated units with 3 great tenants, small rear yard, three deeded off street parking spots, fantastic rental income, and downtown location, this is a rare opportunity that should not be missed. Investors take notice, Seller is offering 2 turnkey cash flowing downtown properties with 147K+ NOI rare 9.2+% cap rate. Great to make more income from less tenants

Multi-familyProperty Type

1911Year Built

3,484 sq ftLot Size

$285Est. Price/Sq.Ft.

1 spaceParking

Listed by Adnan Ahmed • Real Broker

Bought with Cheryl {Cheri} Bonawitz • Malone Commercial Brokers, Inc.

Redfin checked: a minute ago

•Source:MREIS #1573930

Redfin Estimate

$984,661

$55K since sold in December 2023$11K since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 12.7% lower than the average sale price ($1.13M) of 6 comparable homes.

SOLD JUN 26, 2026
$740,000
A
5 beds4 baths3,568 sq ft
3 Crescent St, Portland, ME 04102
SOLD SEP 8, 2026
$1,650,000
B
6 beds2.5 baths3,510 sq ft
38 Neal St, Portland, ME 04102
SOLD JUN 26, 2026
$815,000
C
7 beds3 baths3,136 sq ft
33 Payson St, Portland, ME 04102
SOLD SEP 30, 2026
$1,745,000
D
5 beds4 baths4,104 sq ft
37 Carroll St, Portland, ME 04102
SOLD DEC 19, 2025
$865,000
E
8 beds4 baths3,825 sq ft
232 Brighton Ave, Portland, ME 04102
SOLD MAR 23, 2026
$950,000
F
8 beds3 baths3,522 sq ft
19 William St, Portland, ME 04103

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Earn from this home

Sell

$221,057

Est. take-home

List your home with Redfin and save $9,847

Market trends in 04102, ME

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

100.1%

+0.7% MoM

Median sale price

$580K

$27K MoM

Avg. days on market

38d

1 days MoM

Recently sold homes

13 MoM

New listings for sale

OPEN SUN, 12PM TO 1:30PM
$520,000
3 beds1 bath1,604 sq ft
36 Wessex St, Portland, ME 04102
$495,000
1 bed1 bath621 sq ft
120 West St #9, Portland, ME 04102
$419,000
2 beds1 bath788 sq ft
197 Pine St #15, Portland, ME 04102
$2,099,000
4 beds4.5 baths3,089 sq ft
55 Carleton St Unit A, Portland, ME 04102
$725,000
2 beds1.5 baths1,126 sq ft
73 Brackett St #1, Portland, ME 04102
3D WALKTHROUGH
$450,000
3 beds1 bath1,050 sq ft
24 Sunset Ln, Portland, ME 04102
See all

Provided by Redfin

Sale history for 317-319 Valley St

Date

Event

Price

MREIS #1573930

Dec 15, 2023

Sold

$930,000

$270/sq ft

Oct 4, 2023

Listed

$999,900

$290/sq ft

MREIS #1537400

Aug 26, 2022

Sold

$725,000

$210/sq ft

Aug 8, 2022

Price Changed

$799,000

$232/sq ft

Jul 22, 2022

Listed

$850,000

$246/sq ft

+32

MREIS #1254753

May 27, 2016

Sold

$450,000

$130/sq ft

Mar 17, 2016

Listed

$449,000

$130/sq ft

+16

MREIS #602695

Dec 18, 2002

Listed

$279,000

$81/sq ft

Year

Property tax

Land + Additions

Assessment*

2024

$11,352 (+4.5%)

$134,100 + $622,200

$756,300

2023

$10,862 (+5.9%)

$134,100 + $619,700

$753,800

2022

$10,259 (+4.8%)

$134,100 + $619,700

$753,800

2021

$9,792 (+26.4%)

$134,100 + $619,700

$753,800

2020

$7,748

$64,100 + $268,300

$332,400

2019

$7,748 (+3.7%)

$64,100 + $268,300

$332,400

2018

$7,472 (+3.8%)

$64,100 + $268,300

$332,400

2017

$7,196 (+2.6%)

$64,100 + $268,300

$332,400

2016

$7,017 (+2.3%)

$64,100 + $268,300

$332,400

2015

$6,857 (+3.1%)

$64,100 + $268,300

$332,400

2014

$6,648

$64,100 + $268,300

$332,400

Tax history for 317-319 Valley St

Year

Property tax

Land + Additions

Assessment*

2024

$11,352 (+4.5%)

$134,100 + $622,200

$756,300

2023

$10,862 (+5.9%)

$134,100 + $619,700

$753,800

2022

$10,259 (+4.8%)

$134,100 + $619,700

$753,800

2021

$9,792 (+26.4%)

$134,100 + $619,700

$753,800

2020

$7,748

$64,100 + $268,300

$332,400

2019

$7,748 (+3.7%)

$64,100 + $268,300

$332,400

2018

$7,472 (+3.8%)

$64,100 + $268,300

$332,400

2017

$7,196 (+2.6%)

$64,100 + $268,300

$332,400

2016

$7,017 (+2.3%)

$64,100 + $268,300

$332,400

2015

$6,857 (+3.1%)

$64,100 + $268,300

$332,400

2014

$6,648

$64,100 + $268,300

$332,400

*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

3,485 Sq. Ft.

Year renovated

—

Sq. Ft.

4,392

Year built

1911

Style

Multi-Family (2-4 Unit)

County

Cumberland County

APN

115548

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 27, 2026.

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, Paved, Common, Off Street

Interior

Virtual Tour

Bathroom Information
# of Baths (1/2): 2
# of Baths (Full): 4

Basement Information
Basement Entry: Interior, Dirt Floor, Full, Unfinished

Interior Features
Interior Features: 1st Floor Bedroom
Flooring: Wood, Tile, Laminate
Other Equipment: Cable

Laundry Information
Laundry Features: Washer Hookup

Multi-Unit Information
# of Units Total: 3
# of 4 Bedroom Units: 3
Operating Expense: $19,972
Gross Income: $114,600

Unit 1 Information
# of Bedrooms: 5
Actual Rent: $3,200
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: Third
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2 Information
# of Bedrooms: 4
Actual Rent: $3,200
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3 Information
# of Bedrooms: 4
Actual Rent: $3,150
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes

Exterior

Building Information
Construction Materials: Vinyl Siding, Clapboard, Wood Frame
Foundation Details: Concrete Perimeter, Brick/Mortar
Roof: Membrane
Total Stories: 3
Total Building Area (Sq. Ft.): 3,450

Property Information
Year Built: 1911
Above-Grade Finished Area (Sq. Ft.): 3,450
Levels: Multi-Level

Lot Information
Lot Size (Sq. Ft.): $3,484.80
Lot Size (Acres): 0.08
Lot Size Source: Public Records
Lot Features: Level, Sidewalks, Interior Lot, Near Shopping, Near Town, Near Public Transit, Near Railroad
Road Surface Type: Paved
Zoning: B2

Financial

Tax Information
Annual Tax Amount: $10,862.26
Tax Year: 2023

Utilities

Utility Information
Has Heating
Heating: Zoned, Hot Water, Forced Air, Direct Vent Furnace, Baseboard
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities On: No
Water Source: Public
Water Heater: Off Heating System

Location

Location Information
Unparsed Address: 317-319 Valley Street, Portland, ME 04102
Directions: GPS to 317 Valley st.

Public facts

Beds: 13
Baths: 5.0
Sq. Ft.: 4,392
Stories: 3.0
Lot Size: 3,485 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1911
Year Renovated: —
County: Cumberland County
APN: 115548

Home facts updated by county records on Jul 27, 2026

Around this home

Schools

Howard C Reiche Community School

Public PreK-5 • Assigned • 0.7mi

3/10

Deering High School

Public 9-12 • Assigned • 1.5mi

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, 18 days in 30 years

6/10 Wind Factor

62% 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)

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

$936,000 – $1.13M

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New listings for sale in 04102

OPEN SUN, 12PM TO 1:30PM3D WALKTHROUGH

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3D WALKTHROUGH

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Home values near 317-319 Valley St

Data from public records.

Address	Redfin Estimate
301 Valley Street, Portland, ME 5 Beds \| 2 Baths \| 2320 Sq. Ft.	$672,203
95 Gilman Street, Portland, ME 4 Beds \| 2 Baths \| 1656 Sq. Ft.	$562,550

Address	Redfin Estimate
301 Valley Street, Portland, ME 4 Beds \| 2 Baths \| 2320 Sq. Ft.	$655,345
109 Gilman Street, Portland, ME 12 Beds \| 6 Baths \| 7072 Sq. Ft.	—

Address	Redfin Estimate
301 Valley Street, Portland, ME 4 Beds \| 2 Baths \| 2320 Sq. Ft.	$623,118
101 Gilman Street, Portland, ME 3 Beds \| 1 Baths \| 1250 Sq. Ft.	$547,855

Property information provided by MREIS when last listed in 2023. This data may not match . Learn more.

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