The Best Value Properties in Portland, ME

☕️ 2 min read By Noah Blumberg

There are two great American cities called Portland. Today we're looking at the smaller one and our first New England city, Portland, Maine. U.S. News & World Report called Portland the #8 place to live in the U.S. It's not hard to see why when you notice the safety, great quality of life, and strong job market.

The Properties

Looking at the top value properties for Portland, one thing stands out immediately -- multi-family properties are dominant in our ranking list. The top 7 are all multi-family. When compared with the whole of what's available in Portland at the moment, you get a lot for your money with a multi-family investment.

Our #1 property has a very large lot, 5 rental units, and 2 retails spaces. All this makes for a great value despite the $1.6 million price tag. The top single-family property also has a large lot and has several buildings at a much lower price, $499,000.

The Outlook for Portland, ME Real Estate

The New England area's 2022 outlook will be in line with the national forecast. Like the country generally, prices in New England will continue to increase but at a slower pace than 2021. Increases in mortgage rates and more inventory will prevent prices from getting too out of hand. However, Portland's prices are predicted to climb %10 on average, the highest predicted number in the country. A combination of limited space to build new housing and a flat number of existing sales will keep supply low and prices high.

Here are the top 50 properties. To see them all or get a list for another city, order a custom list!
Average List PriceAverage SqftAverage Lot Size(SqFt)
$872,0841,8353,086
Score**PropertyZipX**TypeBedsSqFtLot Size(sqft)Price
32.60

671-675 Forest Ave
1.00multi family9148925,227$1,600,000
20.29

365 Woodford St
1.00multi family1156457,405$1,250,000
17.60

79 Allen Ave
1.00multi family7371910,019$589,000
13.68

58 Douglass St
1.08multi family724622,614$525,000
13.47

102 Morning St
1.09multi family1258283,485$2,000,000
12.89

160 Washington Ave
1.09multi family1047326,534$1,495,000
12.00

34 E Oxford St
1.09multi family727833,485$780,000
11.67

1399 Congress St
1.08single family326188,276$499,900
9.40

161 Wayside Rd
1.08single family415477,841$385,000
9.14

91 Woodlawn Ave
1.00single family416856,098$389,900
8.42

1344 Washington Ave
1.00multi family716046,098$549,000
7.85

22 State St
1.09multi family41650871$525,000
6.74

74 Diamond Shore Rd
1.09single family6314433,541$1,400,000
6.49

18 Sherman St Apt 4
1.09condo15951$249,900
6.21

196 Spring St
1.08multi family319243,485$695,000
6.03

82 Vera St
1.00single family39365,663$299,000
5.43

91 Sheridan St
1.09single family3724436$359,000
4.60

49 Morning St Apt 3
1.09condo215571$630,000
4.59

75 Chestnut St Unit 202
1.09condo29670$495,000
4.58

104 Grant St Unit 105
1.09condo27950$425,000
4.35

83 McAuley Way Unit 206
1.00condo313911$612,040
4.19

10 Exchange St Apt 304
1.09condo27540$439,900
4.18

83 McAuley Way Unit 404
1.00condo314861$670,186
4.13

47 Winter St Unit 47
1.09condo329001$1,650,000
4.06

83 McAuley Way Unit 504
1.00condo314861$690,990
3.95

83 McAuley Way Unit 305
1.00condo314981$714,500
3.90

83 McAuley Way Unit 202
1.00condo213881$610,720
3.89

75 Chestnut St Unit 301
1.09condo27810$475,000
3.84

75 Chestnut St Unit 201
1.09condo17040$399,000
3.70

83 McAuley Way Unit 207
1.00condo211631$564,000
3.65

1955/1967 Congress St
1.08single family3184030,492$1,295,000
3.62

83 McAuley Way Unit 502
1.00condo213521$645,420
3.60

75 Chestnut St Unit 405
1.09condo210900$685,000
3.57

75 Chestnut St Unit 410
1.09condo28990$605,000
3.54

75 Chestnut St Unit 308
1.09condo17620$455,000
3.52

75 Chestnut St Unit 401
1.09condo27810$525,000
3.46

218 Washington Ave Unit 108
1.09condo17574,791$450,000
3.35

75 Chestnut St Unit 306
1.09condo210000$650,000
3.35

75 Chestnut St Unit 505
1.09condo210900$735,000
3.27

387 Commercial St Unit 329
1.09condo16141$450,000
3.21

387 Commercial St Unit 616
1.09condo211151$775,000
3.06

218 Washington Ave Unit 112
1.09condo19524,791$595,000
3.04

218 Washington Ave Unit 210
1.09condo17304,791$500,000
2.99

75 Chestnut St Unit 507
1.09condo29190$715,000
2.96

387 Commercial St Unit 536
1.09condo212851$925,000
2.93

387 Commercial St Unit 431
1.09condo214271$995,000
2.77

75 Chestnut St Unit 606
1.09condo210170$795,000
2.76

387 Commercial St Unit 324
1.09condo213451$1,025,000
2.73

218 Washington Ave Unit 309
1.09condo211474,791$917,600
2.60

75 Chestnut St Unit 702
1.09condo210530$925,000
*This table shows only few basic data points. Rankings are based on 22 data points and 7 calculations per property.**Find explanations of ZipX aka zip multiplier and Score here.