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    242 Veranda St Portland, ME 04103

    New
    For Sale
    $1,395,000

    MULTI_FAMILY - Contemporary - Portland, ME

    Property size:
    3,452 SF
    Lot size:
    0.18 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 7 at 6:06 pm

    Property Features for 242 Veranda St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RN3/SZ
    Rooms
    Bathroom 4, Bathroom 1, Bathroom 3, Basement, Bathroom 2
    Parking features
    Open, Heated, Off Street
    Patio and Porch features
    Deck
    Pets allowed
    No
    Interior features
    Walk-in Closets, 1st Floor Bedroom, Bathtub, One-Floor Living, Shower, Storage, Primary Bedroom w/Bath
    Basement
    Sump Pump, Full, Unfinished
    Size
    3,452 SF
    Lot size
    0.18 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Zoned, Radiant, Other (Heating)
    Water source
    Public

    Building Details

    Year built
    1969
    Floors in Building
    3
    Number of units
    2
    Flooring type
    Tile, Wood
    Building materials
    Vinyl Siding, Wood Frame
    Roof type
    Shingle
    Architectural style
    Contemporary
    Additional Structures
    Storage

    Keller Williams Realty (207) 879-9800 [email protected]

    Listing agent Deborah Meek (207) 879-9800

    Listing date Dec 3, 2025

    MLS# 1637757 Listing URL

    Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Contemporary Multifamily Property with Ocean Views

    This multifamily property offers 3 floors with views across Casco Bay. The property contains two units with a total of 5 bedrooms and 4 bathrooms. The property has been extensively updated. The first floor unit features an open plan layout with a kitchen including stainless steel appliances and granite counters, a living room with a natural gas stove, and hardwood floors. Sliders lead to an ocean-view deck. There are two ocean-facing bedrooms, a large closet space, and a full bathroom. The unit has access to a large full basement and a secured garage. The second unit extends over the 2nd and 3rd floors. A 2006 addition expanded the 2nd and 3rd floors and added an additional garage. The gourmet kitchen, breakfast bar, and dining room offer space for meals and entertaining, and there is a corner wall fireplace. There is an ocean view bedroom, an office/study leading to a spacious living room with a vaulted ceiling and views. Adjacent is the primary bedroom with a large en-suite bathroom and laundry room. The 3rd floor features a granite wet bar and sink, a matching bar, and a deck for views of the bay. A full bath is available, and the adjacent bedroom has its own private window-level jacuzzi tub. This unit has a large garage and separate driveway. The property is located in Portland, ME, and sits on a lot of approximately 0.18 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.250895
    Latitude
    43.686908

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    FAQs

    What type of property is this?
    Duplex - Updated 5-bedroom, 4-bathroom duplex with ocean views in Portland, ME.
    Where is this duplex located?
    The property is located at 242 Veranda St Portland, ME.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: - Sweeping views of Casco Bay and Fort Gorges from ocean-facing balconies on all floors.; - Two units offering versatility: multi-generational living, weekend residence, or investment property.; - Extensive updates and superb condition with inspired interior design blending coastal charm and city living.
    (207) 879-9800
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    242 Veranda St Portland, ME 04103
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    Portland, ME 04103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    242 Veranda St Portland, ME 04103
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