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10 Exchange Street #409, Portland, ME, 04101

2beds
1baths
939sqft
$520,000
$554price/sqft
$3,487/moest. monthly cost
$139,480/yrincome needed

About This Home

Twilight Open House, Tuesday 5/12 4:30-6PM! Experience the best of Portland's Old Port from this stylish 2-bedroom condo with a flexible loft space, perfect for guests, work, or additional sleeping. Set within a beautifully converted historic building, the unit blends charm and modern comfort with soaring ceilings, oversized windows and an open, airy feel. A newly added heat pump ensures year-round efficiency and comfort. Step outside to cobblestone streets lined with award -winning restaurants, boutique shops, and the working waterfront just moments away. Weather you're seeking a vibrant in-town residence or a proven income property, this unit delivers, boasting a strong, established short-term rental history in a desirable association. Live, invest, or escape, right in the heart of Portland's most iconic neighborhood.

Getting Around

99
WalkingWalker's Paradise
53
TransitGood Transit
80
BikeVery Bikeable

Schools

2/10
King Middle SchoolGrades 6-81.0 mi
4/10
Portland High SchoolGrades 9-120.3 mi

Construction

Condition

  • Year built: 1875

Materials

  • Roof: Flat,Membrane,Pitched
  • Construction materials: Wood Frame,Brick

Type & Style

  • Home type: Condo
  • Architectural style: Other
  • Property subType: Condominium

Interior

Basement

  • Has basement: Yes
  • Basement: Full

Bedroom1

  • Level: First

Bedroom2

  • Level: First

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Elevator,Shower
  • Flooring: Laminate,Tile
  • Finished area below ground: 0
  • Finished area above ground: 939

Heating & Cooling

  • Heating features: Baseboard
  • Cooling features: Wall Unit(s),Window Unit(s)

Interior Area

  • Total structure area: 939
  • Total interior livable area: 939 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Loft

  • Level: Second

Property

Details

  • Parcel number: PTLDM032BI012409
  • Zoning: B3

Features

  • Levels: Multi/Split

Lot

  • Features: Business District,City Lot,Near Public Beach,Near Turnpike/Interstate,Near Railroad,Other,Sidewalks

Parking

  • Parking features: No Driveway,Leased,Off Site

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Ice Storm
    Ice StormVery High
  • Winter Weather
    Winter WeatherVery High
  • Coastal Flooding
    Coastal FloodingRelatively High
  • Hail
    HailModerate
  • Hurricane
    HurricaneModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Ice Storm
Winter Weather
Coastal Flooding
Hail
Hurricane
Lightning
Strong Wind
Tsunami

FEMA Declared Disasters Across Maine Counties

Flood
Hurricane
Severe Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,629$31,548
Home Insurance $76$912
Property Taxes $538$6,456
Electricity $244$2,930
Total$3,487$41,844

Income You'd Need if You Spent...

35% on housing$119,554/yr
40% on housing$104,610/yr
45% on housing$92,986/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.5%
9.5%
0%30.0%
Electricity Growth Rate10-year average: 7.7%
7.7%
0%15.0%
Property Taxes Growth Rate2-year average: -0.2%
-0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$554This listing

vs Other Active Listings

Avg $/sqft

ZIP 04101$437
Cumberland County$369

vs Homes Sold Last Month

Median $/sqft

ZIP 04101$508
Cumberland County$317

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-08Listed for sale$520,000
2021-02-19Listing removed--
2021-01-19Price change$2,200
2020-12-20Price change$2,000
2020-12-10Price change$2,300
2020-11-30Listed for rent$2,400
2020-10-07Listing removed$2,400
2020-09-19Price change$2,400
2020-09-06Listed for rent$2,350
2020-07-15Listing removed$2,250
2020-06-14Listed for rent$2,250
2020-05-29Sold$375,000
2020-04-14Listing removed$1,700
2020-04-13Price change$1,700
2020-04-01Listed for rent$2,100
2019-09-12Listing removed$395,000
2019-07-16Listed for sale$395,000
2019-07-01Listing removed$2,300
2019-05-23Listed for rent$2,300

For Sale by Agent

AgentElise Grace
BrokeragePortside Real Estate Group

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