Portland Homes under $300,000

Welcome to Portland, Maine, a vibrant coastal city known for its rich maritime history, stunning scenery, and a thriving arts scene. Nestled in Cumberland County, Portland boasts a unique blend of urban charm and natural beauty, making it an ideal location for families, professionals, and retirees alike. With its picturesque waterfront, historic architecture, and a plethora of local eateries, breweries, and shops, Portland offers a lifestyle that is both dynamic and inviting.

For those seeking affordable housing options in this beautiful city, you’ll be pleased to discover that there are charming homes available for under $300,000. Whether you’re a first-time homebuyer or looking to downsize, Portland's real estate market offers a variety of options that cater to different tastes and needs. From cozy bungalows to quaint townhouses, these homes provide an excellent opportunity to immerse yourself in the Portland community without breaking the bank.

Imagine waking up in a home that reflects the city's artistic spirit, with easy access to local parks, the scenic Eastern Promenade, and the bustling Old Port district. With a thriving economy and a strong sense of community, Portland is not just a place to live; it’s a place to thrive.

Explore the possibilities of homeownership in Portland, ME, and discover how you can make this charming city your own. With homes under $300,000, your dream of living in this coastal gem is closer than you think!

Newest Portland Homes under $300,000

$199,000

1 Beds ⋅ 1 Baths

Welcome to this charming second-floor one bedroom, one bathroom condo offering comfortable, easy living in a convenient in-town location. the open concept layout creates a bright and functional space that is easy to enjoy. The unit also includes a designated parking space and is close to local shops, restaurants and every day amenities, being a short distance from everything Portland has to offer. Presently rented, this cozy one bedroom is a great investment opportunity, or vacation pad in the city.

58 Portland St Unit 3, Portland

Listing courtesy of Harborview Properties, Inc..

$298,500

2 Beds ⋅ 2 Baths

Realize your home ownership dreams! This spacious interior townhouse in this newly built building offers 2 bedrooms, 1.5 bathrooms and a parking spot in a comfortable 818 sq ft. home. With its own raised garden bed, shed, and deck this home is ready to occupy today! Each parking spot will be EV-ready for the buyer to install their own charger- with the conduit running from parking lot to each individual electrical panel. Same with solar - the conduit running from roof to each unit. These newly built homes will stay cozily warm -and cool - via the efficient heat pumps. Located near the Washington Avenue businesses as well as the Portland Peninsula, this home will be close to everything! Baxter Boulevard and Payson park are within easy reach and you'll have easy access to I295. This Income Qualified Workforce Home could be your door to the world of owning your own home! The Front Street Condominium Association is phase 3 of the Portland Housing Authority's award winning development of this special neighborhood. These brand new high quality condominium homes are being built to create new home-ownership opportunities in the city. 8 units total, of which 2 are market rate and 6 being income restricted. Buyers will fill out a form to validate eligibility based on household size. Must be at or under 120percent of of Median Area Income.

41 W Presumpscot St Unit B, Portland

Listing courtesy of Gardner Real Estate Group.

$300,000

2 Beds ⋅ 1 Baths

Perched above-it-all in Bayside, this freshly painted penthouse condo has city views, including the iconic Time and Temp Building. Occupying the entire third floor, this quiet, light-filled two-bedroom home feels like a private treetop retreat--yet it's just moments from everything on the Portland peninsula. Enjoy the convenience of a reserved on-site parking space located directly in front of the entrance. A welcoming entry to the unit begins with lovely hardwood stair treads, leading to a thoughtfully designed landing complete with a custom, extra-large wooden storage chest. Inside, warm wood flooring enhances the natural light throughout the living spaces. The kitchen was fully renovated in 2019 and features tall cabinetry, quartz countertops, cast iron apron-front sink, stainless steel appliances, modern lighting, and clever shelving solutions. Both bedrooms are spacious and bright, each offering generous closet space. Efficient and easy to heat, the unit is equipped with a Rinnai natural gas direct-vent system, supplemented by electric baseboard heating. Additional updates include a high-efficiency water heater installed in 2020. A convenient coin-operated laundry is located in the association's adjacent building on Parris Street. The association completed a major basement structural overhaul in 2022, reinforcing the long-term integrity of the building. This home represents exceptional value on the peninsula--whether you're seeking a pied-à-terre, looking to build equity, or embracing an accessible urban lifestyle. Experience the vibrant energy of historic Bayside, a neighborhood undergoing exciting residential and commercial revitalization.

58 Portland St Unit 5, Portland

Listing courtesy of Coldwell Banker Realty. 207-773-1990

$189,900

1 Beds ⋅ 1 Baths

Bright 1-bedroom second-floor corner condo with open views over Back Bay and the Time & Temperature sign, plus a dedicated parking space right at the entrance. Hardwood floors flow through the sun-filled living room; the primary bedroom offers a private full bath and deep closet. Efficient Rinnai gas direct-vent heat with electric baseboard backup keeps costs low, while coin-op laundry is a short walk away in the association's adjacent building on Parris Street. The HOA completed a major basement structural upgrade in 2022 for long-term peace of mind. Walk to the Old Port, waterfront trails, and Bayside's new cafés and breweries—priced for first-time buyers or investors to claim a foothold in Portland's hottest up-and-coming neighborhood.

58 Portland St Unit 4, Portland

Listing courtesy of Tim Dunham Realty. 207-729-7297

$279,581

2 Beds ⋅ 1 Baths

Step into home ownership at Stroudwater Commons, Portland's newest condo community offering attractive living at attainable prices. With sunny spaces, timeless finishes, and modern efficiency, this 2BR/1BA home is designed for comfort and convenience. Each condo features open layouts, modern kitchens, stylish baths, in-unit laundry, efficient heat pumps for year-round comfort, and elevator access to all levels. Parking is available for purchase starting at $5,000 Residents also enjoy access to community amenities including a fitness center, co-working lounge, bike storage, EV charging provisions, and direct Portland Trails access. The convenient Congress Street location keeps you close to everything--downtown Portland, I-295, I-95, Stroudwater Park, Fore River, USM, Rock Row, and the Jetport. Income-Qualified Workforce Homes provide a unique opportunity to transition from renting to owning. To qualify, the household must not earn more than 80% of Area Median Income ($85,450). Now available for reservations. Estimated occupancy: Fall 2026. Taxes to be assessed; HOA fee is estimated. Photos depict a projected look; finishes and specifications are subject to change. Visit the Stroudwater Commons website for more information.

1 Firefly St Unit 202, Portland

Listing courtesy of Keller Williams Realty. (207) 232-8877

$294,307

1 Beds ⋅ 1 Baths

Step into home ownership at Stroudwater Commons, Portland's newest condo community offering attractive living at attainable prices. With sunny spaces, timeless finishes, and modern efficiency, this 1BR/1BA home is designed for comfort and convenience. Each condo features open layouts, quartz kitchens, stylish baths, in-unit laundry, efficient heat pumps for year-round comfort, and elevator access to all levels. Parking is available for purchase starting at 5,000. Residents also enjoy access to community amenities including a fitness center, co-working lounge, bike storage, EV charging provisions, and direct Portland Trails access. The convenient Congress Street location keeps you close to everything--downtown Portland, I-295, I-95, Stroudwater Park, Fore River, USM, Rock Row, and the Jetport. Income-Qualified Workforce Homes provide a unique opportunity to transition from renting to owning. To qualify, the household must not earn more than 100 percent of Area Median Income (97,370). Now available for reservations. Please reach out for more information. Estimated occupancy: Spring 2027. Taxes to be assessed; HOA fee is estimated. Photos depict a projected look; finishes and specifications are subject to change.

1 Firefly St Unit 301, Portland

Listing courtesy of Keller Williams Realty. (207) 232-8877

$241,153

1 Beds ⋅ 1 Baths

Step into home ownership at Stroudwater Commons, Portland's newest condo community offering attractive living at attainable prices. With sunny spaces, timeless finishes, and modern efficiency, this 1BR/1BA home is designed for comfort and convenience. Each residence features an open layout, modern kitchen, stylish bath, in-unit laundry, efficient heat pump for year-round comfort, and elevator access to all levels. Parking is available for purchase starting at 5,000. Residents enjoy access to community amenities including a fitness center, co-working lounge, bike storage, EV charging provisions, and direct access to Portland Trails. The convenient Congress Street location keeps you close to everything--downtown Portland, I-295, I-95, Stroudwater Park, Fore River, USM, Rock Row, and the Jetport. Income-Qualified Workforce Homes provide a unique opportunity to transition from renting to owning. To qualify, the household must not earn more than 80 percent of Area Median Income (74,800). Now available for reservations with estimated occupancy in Spring 2027. Taxes to be assessed; HOA fee is estimated. Photos depict a projected look; finishes and specifications are subject to change. Visit the Stroudwater Commons website for more information.

1 Firefly St Unit 201, Portland

Listing courtesy of Keller Williams Realty. (207) 232-8877

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