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Offered at $860,000Active
beds
—
baths
3
sq ft
3,610
Built
1900

438-440 St. John Street

Portland, ME 04102

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

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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.