Quality 2-family. Ideal Location. The Perfect Single-family or Condo Alternative. Centrally located on Portland's peninsula, this comprehensively updated multi-family offers immediate access to everything Portland has to offer. Walk-Score calls this location a 'walker's paradise' and is ideal for anyone who wants to walk, bike, or jump on public transportation. For the last 17 years, the current owner has updated and upgraded everything from the roof to the foundation. There are literally too many updates to list, but a few highlights are windows, exterior and interior doors, trim and siding repairs, roof upgrades, fresh paint inside and out, and an updated side deck just this summer. Both units are condo quality with lots of light, retained period details, warm and welcoming wood floors, and spacious living/kitchen/dining areas. The 3rd level was originally finished and likely tied into the upper unit. This space is a blank slate and, if finished, would afford the top floor breathtaking Back Cove, western mountain, and sunset views. The yard is also a hit with raised garden beds and plenty of room for grilling, chilling, playing, and pets. Note - the first level vacates mid-November, and the second floor is month-to-month, making move-in flexible.
Multi-familyProperty Type
1840Year Built
3,484 sq ftLot Size
$399Est. Price/Sq.Ft.
1 spaceParking
Listed by Thomas {Tom} Landry• Benchmark Real Estate
Bought with Dianna Saleeby• Coldwell Banker Realty
*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
7
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
3,485 Sq. Ft.
Year renovated
—
Sq. Ft.
2,098
Year built
1840
Style
Multi-Family (2-4 Unit)
County
Cumberland County
APN
111709
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
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
Property details
Parking
Parking Information
Parking Features: 1 - 4 Spaces, Reclaimed, On Site, Off Street
Laundry Features: 1st Floor Laundry, Main Level, Washer Hookup
Multi-Unit Information
# of Units Total: 2
# of 1 Bedroom Units: 1
# of 2 Bedroom Units: 1
Operating Expense: $4,671
Gross Income: $21,600
Unit 1 Information
# of Bedrooms: 1
Actual Rent: $900
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 2 Information
# of Bedrooms: 2
Actual Rent: $900
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes
Exterior
Building Information
Construction Materials: Wood Siding, Shingle Siding, Wood Frame
Foundation Details: Stone, Brick/Mortar
Roof: Pitched, Shingle
Total Stories: 3
Total Building Area (Sq. Ft.): 2,098
Exterior Features
Patio & Porch Features: Deck
Property Information
Year Built: 1840
Above-Grade Finished Area (Sq. Ft.): 2,098
Green Energy Efficient: Ceiling Fans
Lot Information
Lot Size (Sq. Ft.): $3,484.80
Lot Size (Acres): 0.08
Lot Size Source: Public Records
Lot Features: Well Landscaped, Rolling/Sloping, Open, Level, Sidewalks, Intown, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Public Transit, Near Railroad
Road Surface Type: Paved
Zoning: R6
Subdivision Information
Subdivision Name: Munjoy Hill
Financial
Tax Information
Annual Tax Amount: $6,412
Tax Year: 2023
Utilities
Utility Information
Has Heating
Heating: Space Heater, Baseboard
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities: Utilities On
Utilities On: Yes
Water Source: Public
Water Heater: Electric
Location
School Information
High School District: Portland Public Schools
Location Information
Unparsed Address: 42 Smith Street, Portland, ME 04101
Directions: Cumberland Ave to Oxford St
Public facts
Beds: 7
Baths: 2.0
Sq. Ft.: 2,098
Stories: 2.0
Lot Size: 3,485 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1840
Year Renovated: —
County: Cumberland County
APN: 111709
Home facts updated by county records on Jul 27, 2026
Around this home
Schools
East End Community School
Public PreK-5 • Assigned • 0.6mi
2/10
Lyman Moore Middle School
Public 6-8 • Assigned • 3.4mi
4/10
Deering High School
Public 9-12 • Assigned • 2.2mi
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 87° expected this year, 18 days in 30 years
6/10 Wind Factor
65% 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 • 04101
Average low and high temperatures (°F)
31
18
33
18
44
30
52
39
63
49
74
58
80
64
77
60
71
56
61
46
50
36
36
22
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
$795,000 – $962,000
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