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7 Porter Street, South Paris, ME, 04281

4beds
4baths
3,425sqft
$389,000
$114price/sqft
$3,075/moest. monthly cost
$123,000/yrincome needed

About This Home

FOUR-UNIT VICTORIAN WITH OWNER-OCCUPIED & INCOME POTENTIAL IN SOUTH PARIS. Live affordably, build equity, and create long-term wealth with this unique owner-occupied investment opportunity. Currently configured as four separate one-bedroom, one-bath units, the property also lends itself beautifully to conversion back into an expansive single-family residence or multigenerational home. Previously operated as a Bed & Breakfast and owner-occupied with an in-law suite, the possibilities are endless. Located just minutes from downtown South Paris and neighboring Norway, this property enjoys close proximity to shopping, restaurants, cafés, schools, medical facilities, and the Oxford Hills area amenities. Outdoor recreation abounds with nearby lakes, hiking, skiing, snowmobile trails, and easy access to western Maine's year-round activities. The property's elevated setting provides lovely views from both the welcoming front porch and second-story screened porch, creating a peaceful retreat while remaining close to town conveniences. For investors, this property presents a compelling opportunity to offset ownership costs through three rental incomes while occupying one spacious unit yourself. With demand for quality rental housing continuing throughout the Oxford Hills region, the income-producing configuration offers strong long-term investment appeal. The flexible layout allows an owner to maximize cash flow, accommodate extended family, or create a stunning single-family Victorian estate. Inside, timeless architectural character shines through with classic Victorian detailing, spacious rooms, natural light, and the warmth only a historic Maine home can offer. Whether you are seeking a smart owner-occupied investment, an income-producing property, or a grand home with incredible versatility, 7 Porter Street delivers charm, functionality, and opportunity in one of western Maine's most desirable small-town settings.

Getting Around

31
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

2/10
Paris Elementary SchoolGrades PK-61.5 mi
2/10

Construction

Condition

  • Year built: 1880

Materials

  • Foundation: Block,Stone,Brick/Mortar
  • Roof: Shingle
  • Construction materials: Wood Frame,Fiber Cement,Wood Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Victorian
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Doghouse,Interior Entry,Partial,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 3

Features

  • Attic,Shower
  • Flooring: Carpet,Laminate,Wood
  • Finished area below ground: 0
  • Finished area above ground: 3,425

Heating & Cooling

  • Heating features: Hot Water,Radiator,Space Heater
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 3,425
  • Total interior livable area: 3,425 sqft

Property

Details

  • Parcel number: PARIMU09L54
  • Zoning: R

Features

  • Stories: 3
  • Private pool: Yes
  • Patio & porch: Deck,Porch,Screened

Lot

  • Lot size: 0.37 Acres
  • Features: Near Town,Neighborhood,Level,Open Lot

Parking

  • Parking features: Paved,1 - 4 Spaces

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
  • Cold Wave
    Cold WaveRelatively High
  • Lightning
    LightningRelatively High
  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Ice Storm
Winter Weather
Cold Wave
Lightning
Hurricane
Inland Flooding
Strong Wind

FEMA Declared Disasters Across Maine Counties

Flood
Hurricane
Severe 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 $1,966$23,592
Home Insurance $132$1,584
Property Taxes $480$5,760
Electricity $497$5,974
Total$3,075$36,900

Income You'd Need if You Spent...

35% on housing$105,428/yr
40% on housing$92,250/yr
45% on housing$82,000/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: 9.3%
9.3%
0%30.0%
Electricity Growth Rate10-year average: 7.7%
7.7%
0%15.0%
Property Taxes Growth Rate2-year average: -0.3%
-0.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$114This listing

vs Other Active Listings

Avg $/sqft

ZIP 04281$151
Oxford County$227

vs Homes Sold Last Month

Median $/sqft

ZIP 04281
Oxford County$218

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
2026-06-24Price change$389,000
2026-05-24Listed for sale$415,000
2022-01-14Sold$260,000
2022-01-05Pending sale$260,000
2021-11-22Contingent$260,000
2021-11-03Listed for sale$260,000
2014-08-29Sold$100,000
2007-07-13Sold$1,001

For Sale by Agent

AgentHeidi A Holley
BrokerageRealty of Maine

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