




7 Porter Street, South Paris, ME, 04281
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
Schools
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
- Winter Weather
- Cold Wave
- Lightning
- Hurricane
- Inland Flooding
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Maine Counties
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
| Monthly | Annual | |
|---|---|---|
| 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...
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-24 | Price change | $389,000 |
| 2026-05-24 | Listed for sale | $415,000 |
| 2022-01-14 | Sold | $260,000 |
| 2022-01-05 | Pending sale | $260,000 |
| 2021-11-22 | Contingent | $260,000 |
| 2021-11-03 | Listed for sale | $260,000 |
| 2014-08-29 | Sold | $100,000 |
| 2007-07-13 | Sold | $1,001 |
For Sale by Agent
