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    244 Ray St Portland, ME 04103

    For Sale
    $514,000

    Former Group Home/ Mixed Use Location in Portland Maine neighborhood

    Property size:
    2,256 SF

    Description

    Added:
    Oct 1, 2025
    Days on Market:
    68
    Mixed-Use potential! Don't miss this beautifully renovated Garrison-style building nestled in the prime North Deering, Portland neighborhood. This property offers a unique blend of classic charm and modern convenience. Step inside to discover a freshly updated interior featuring new flooring throughout, a renovated bathroom, and a kitchen equipped with new appliances. Beyond the home's impressive interior, the property's mixed-use zoning presents a rare and exciting business or investment opportunity. Whether you envision a home-based business, a group home, or simply a versatile property with endless possibilities. The property offers plenty of parking, and sprinkler and fire alarm system is installed. Enjoy the vibrant Portland lifestyle with easy access to local amenities, schools, and parks. Don't miss your chance to own this exceptional home with incredible potential!

    Property Features for 244 Ray St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,256 SF
    Class
    F
    Total Parking Spaces
    4
    Elevators
    No
    Lot Size
    11,326 SF

    Building Details

    Year Built/Renovated
    1937/2025
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • Large bedrooms and easy access bathrooms. Sprinkler and fire system installed.
    Insight Report Location Intelligence

    Current Use by Public Records

    Assisted living facilities

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    State
    Maine
    Longitude
    -70.277586
    Latitude
    43.6981911

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    FAQs

    What type of property is this?
    Mixed-use property - Former Group Home/ Mixed Use Location in Portland Maine neighborhood
    Where is this mixed-use property located?
    The property is located at 244 Ray St Portland, ME.
    What is the asking price?
    The asking price for this property is $514,000.
    What are key features of this property?
    This property features: Large bedrooms and easy access bathrooms. Sprinkler and fire system installed.
    (207) 712-5341
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    244 Ray 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
    244 Ray St Portland, ME 04103
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