OFF MARKET
Google satellite image for 40 Elizabeth St, Portland, ME 04108
OFF MARKET
$117,540
Land
•
4,792
sq ft (lot)

40 Elizabeth St, Portland, ME 04108

map-entry

About this home

40 Elizabeth St is a vacant land on a 4,792 square foot lot. Based on Redfin's Portland data, we estimate the home's value is $117,540.
Vacant landProperty Type
4,792 sq ftLot Size
$25Est. Price/Sq.Ft.
Source:Public Records

Redfin Estimate

$117,540
$4,000 since August

This home's estimate is 80.4% lower than the average sale price ($600K) of 6 comparable homes.

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Market trends in 04108, ME

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price
96.0%

+0.0% MoM

Median sale price
$723K

$63K MoM

Avg. days on market
55d

12 days MoM

Recently sold homes
6

1 MoM

New listings for sale

Provided by Redfin

Sale history for 40 Elizabeth St

As the MLS and public records start to fill up, we'll list the details here.

Tax history for 40 Elizabeth St

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning

IR-2

Island Zone

To provide for a residential neighborhood environment on Portland’s islands in areas with adequate public services. Expansion or extension of IR-2 zoning should be limited, generally focused toward areas adjacent toexisting IR-2 areas, and restricted by such factors as adequacy of access, whether adequate water will be available for private use and for fire protection, whether soils in the area are adequate for subsurface water disposal, or whether public sewers are available. Select nonresidential uses may also be permitted in the IR-2 zone
Permitted uses

Include but are not limited to:

  • Housing-Single unit
  • Housing-Multiple units
  • Public service
  • Park & open space

Property details

Around this home

Schools

Peaks Island School

Public PreK-5 • Assigned • 0.1mi

8/10
Deering High School

Public 9-12 • Assigned • 5.0mi

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

4/10 Heat Factor

7 days above 86° expected this year, 18 days in 30 years

6/10 Wind Factor

71% 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 • 04108
Average low and high temperatures (°F)
31
19
33
19
43
31
49
39
59
49
70
58
74
63
73
60
68
56
59
46
50
36
37
24
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
$112,000 – $136,000

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Nearby similar homes

New listings for sale in 04108

$525,000
2 beds1 bath1,039 sq ft
384 Pleasant Ave, Portland, ME 04108
$575,000
3 beds1 bath1,018 sq ft
7 Upper A St, Portland, ME 04108
3D WALKTHROUGH
$1,499,900
7 beds5 baths3,846 sq ft
94 Pleasant Ave, Portland, ME 04103

Home values near 40 Elizabeth St

Data from public records.

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