About this home
This three-unit property near USM offers opportunity and flexibility. A detached single-family home and a duplex on one lot, create a range of possibilities for investors, owner-occupants, and multi-generational living arrangements alike. Each of the three units offers a three-bedroom layout, providing comfortable living spaces that continue to attract strong tenant demand. The property is currently fully occupied with a proven rental history, offering immediate income for investors while presenting future opportunities for an owner-occupant seeking to offset housing costs with rental revenue. Off-street parking adds significant value and convenience, while the highly walkable location places residents just minutes from USM, Hadlock Field, The Expo, Deering Oaks Park, downtown Portland, local restaurants, shopping, and public transportation. Well maintained over the years, the property offers a solid foundation with potential for future value enhancement through cosmetic exterior improvements. Whether you're looking to grow your investment portfolio, establish a foothold in Portland's competitive housing market, or enjoy the benefits of owner-occupied multi-family living, 438-440 St. John Street presents a rare opportunity in a sought-after location.
Listing last checked: Listing updated:
Listed by Listing Agent · Coldwell Banker Realty · MLS #1661478
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Details at a glance
Interior3 property facts
- Heating
- Oil, Hot Water
- Cooling
- None
- Flooring
- Laminate, Tile, Hardwood
Building4 property facts
- Style
- Other
- Year built
- 1900
- Garage
- 0
- Roof
- Shingle
Land & utilities4 property facts
- Lot size
- 0.12 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- R5
Financial2 property facts
- Annual taxes
- $9,829
- Assessment year
- 2024
Location
Estimated monthly cost
Explore costs at the $860,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$5,168 / monthAdjust
- Principal & interest
- $4,349
- Property tax
- $819
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $9,829. 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 438-440 St. John Street
Can I request a private showing?
Request a tour of 438-440 St. John 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.

