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Offered at $299,000Pending
beds
3
baths
1
sq ft
1,121
Built
1960

150-154 Murray Street

Portland, ME 04103

About this home

OPPORTUNITY: $299,000! This is an almost unbelievable value in Portland's highly desirable Back Cove neighborhood. 150-154 Murray Street combines a single-family home and adjoining lot, creating a rare double-lot offering totaling just under .4 acres. At this price, the opportunity is extraordinary—the value of the two lots alone approaches the asking price. Renovate the existing home and build immediate equity, explore the potential of the adjoining lot, or create a generous in-town property with exceptional outdoor space and room to grow. LOCATION: Tucked away on a quiet dead-end street, the setting feels peaceful and removed while everything is remarkably close. Walk to Monte's Fine Foods and Tipo, with The Roux Institute, Woodfords Corner and its shops and restaurants just minutes away. Downtown Portland is also only minutes from your door. Add in that the home is walkable to Ocean Elementary and Cheverus High School for a location that can't be beat. RECREATION: Payson Park and Portland Trails are nearby, offering year-round recreation from trail running and mountain biking to tennis, pickle ball, baseball and more. VALUE: This is a rare opportunity for someone ready to roll up their sleeves, an investor looking for a value-add project, or a buyer seeking land, flexibility and tremendous upside in Portland. Property is being sold AS IS. GROUP SHOWINGS ONLY: Friday, September 4; Saturday, September 5; and Tuesday, September 8, from 10-12. Offers due Wednesday, September 9, at 5:00.

Listing last checked: Listing updated:

Listed by Listing Agent · Benchmark Real Estate · MLS #1678967

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Details at a glance

Interior5 property facts
Rooms
5
Heating
Oil, Baseboard, Hot Water, Wood Stove
Cooling
None
Flooring
Tile, Wood
Fireplaces
0
Building5 property facts
Style
Single Family Residence
Year built
1960
Garage
2
Foundation
Poured Concrete
Roof
Shingle
Land & utilities4 property facts
Lot size
0.36 acres
Water
Public
Sewer
Public Sewer
Zoning
R3
Financial2 property facts
Annual taxes
$7,343
Assessment year
2026

Location

Estimated monthly cost

Explore costs at the $299,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$2,124 / monthAdjust
Principal & interest
$1,512
Property tax
$612
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $7,343. 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 150-154 Murray Street

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Request a tour of 150-154 Murray 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.