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Bean Group
Offered at $389,000Active
beds
3
baths
4
sq ft
3,425
Built
1880

7 Porter Street

Paris, ME 04281

About this home

FOUR-UNIT VICTORIAN WITH OWNER-OCCUPIED & INCOME POTENTIAL IN SOUTH PARIS. Live affordably, build equity, and create long-term wealth with this unique owner-occupied investment opportunity Currently configured as four separate one-bedroom, one-bath units, the property also lends itself beautifully to conversion back into an expansive single-family residence or multigenerational home. Previously operated as a Bed & Breakfast and owner-occupied with an in-law suite, the possibilities are endless. Located just minutes from downtown South Paris and neighboring Norway, this property enjoys close proximity to shopping, restaurants, cafés, schools, medical facilities, and the Oxford Hills area amenities. Outdoor recreation abounds with nearby lakes, hiking, skiing, snowmobile trails, and easy access to western Maine's year-round activities. The property's elevated setting provides lovely views from both the welcoming front porch and second-story screened porch, creating a peaceful retreat while remaining close to town conveniences. For investors, this property presents a compelling opportunity to offset ownership costs through three rental incomes while occupying one spacious unit yourself. With demand for quality rental housing continuing throughout the Oxford Hills region, the income-producing configuration offers strong long-term investment appeal. The flexible layout allows an owner to maximize cash flow, accommodate extended family, or create a stunning single-family Victorian estate. Inside, timeless architectural character shines through with classic Victorian detailing, spacious rooms, natural light, and the warmth only a historic Maine home can offer. Whether you are seeking a smart owner-occupied investment, an income-producing property, or a grand home with incredible versatility, 7 Porter Street delivers charm, functionality, and opportunity in one of western Maine's most desirable small-town settings.

Listing last checked: Listing updated:

Listed by Listing Agent · Realty of Maine · MLS #1663774

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Details at a glance

Interior5 property facts
Rooms
10
Heating
Oil, Propane, Hot Water, Space Heater, Radiant
Cooling
Window Unit(s)
Flooring
Carpet, Laminate, Wood
Fireplaces
0
Building5 property facts
Style
Single Family Residence
Year built
1880
Garage
0
Foundation
Block, Stone, Brick/Mortar
Roof
Shingle
Land & utilities4 property facts
Lot size
0.37 acres
Water
Public
Sewer
Public Sewer
Zoning
R
Financial2 property facts
Annual taxes
$5,143
Assessment year
2024

Location

Estimated monthly cost

Explore costs at the $389,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$2,396 / monthAdjust
Principal & interest
$1,967
Property tax
$429
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $5,143. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

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About 7 Porter Street

Can I request a private showing?

Request a tour of 7 Porter Street and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.