Homes for sale under $500k in South Portland, ME

Homes for sale under $500k in South Portland, ME

Newly renovated and move-in ready, this home offers comfort, efficiency, and updates throughout. The first floor features two bedrooms, an updated bath, and bright, clean living spaces with new flooring and finishes. Upstairs, you'll find a spacious third bedroom plus a flexible bonus room that's perfect for an office, playroom, or guest space. Extensive renovations include updated electrical and lighting, new subflooring and flooring, fresh paint throughout, and a newly stained deck. Tucked into a great neighborhood in Cape Elizabeth, this home combines modern updates with a convenient location close to schools, trails, and town amenities.

Homes for sale under $500k in South Portland, ME

A rare opportunity in Portland's vibrant St. John Street Valley neighborhood. This historic home has seen better days, but the foundation is solid and the potential is undeniable. Bring your tools, vision, and energy—this is a true sweat equity special, ideal for an owner-occupant, investor, or flipper looking to refurbish and resell for significant profit. The location is unbeatable: just off the peninsula and walkable to Maine Med, Mercy Hospital, Deering Oaks Park, Hadlock Field, the Western Prom, Portland's new pro soccer stadium, groceries, gastropubs, and more. Zoned B5—one of the city's most flexible and valuable zones—allowing residential, commercial, or mixed-use

Homes for sale under $500k in South Portland, ME

Priced to Sell! Turn key 2 family house. Two 2-bedroom townhouse-style units with one bathroom with room to add sqft. Apt 1 featuring finished basement with separate laundry. Both units have recently undergone extensive renovations such as, new roof, new separate gas heating, flooring, kitchens, bathrooms, paint and electrical upgrades and much more. The property is an excellent choice for owner-occupants and investors currently earning passive 55K income+ with room to grow with owner only paying for water and wifi.

Homes for sale under $500k in South Portland, ME

Historic charm meets modern convenience in this spacious West End condo. Featuring soaring ceilings, hardwood floors, large windows, and original built-ins, the home showcases classic Portland character with the ease of recent updates throughout. A flexible floor plan offers options for a second bedroom, home office, den, or library. Added conveniences include washer/dryer hook-up, dedicated storage, heat and hot water in the condo fee, and deeded parking. Pets are welcome, and a 6-month minimum rental provides versatility. Located moments from downtown, the waterfront, shops, restaurants, and parks—this condo offers the best of Portland living right outside your door

Homes for sale under $500k in South Portland, ME

Building almost complete! Close in early January - builder financing incentives available. Welcome to The Downs newest residences-Cross Street Condominiums. Choose from 1, 2 & 3 bedroom units, stylishly finished spaces with the fine touches you would choose in a custom home. Gather with friends & neighbors for a cocktail on the 4th floor roof top deck & lounge, maximize work production & collaborate with others in the 1st floor coworking space. The Club room offers a space to host large gatherings, partake in activities like shuffleboard & pool or relax in the lounge & watch the latest game or performance while looking over the courtyard. Cross Street Con

Homes for sale under $500k in South Portland, ME

Welcome to Stroudwater Commons - Portland's newest condo community, where modern design meets attainable luxury. With bright, open spaces, timeless finishes, and exceptional efficiency, these 3BR/1BA homes are thoughtfully crafted for both comfort and convenience. Each residence offers a spacious layout, sleek modern kitchen, stylish bath, in-unit laundry, and efficient heat pumps for year-round comfort, complemented by elevator access to all levels. Parking is available for purchase at a very reasonable rate—$5,000 for the first space and $10,000 for a second (subject to availability). Residents also enjoy access to curated community amenities including a fitness center, co-working l