273 State Street, Portland, ME 04101
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
Office: portside real estate group
MLS#:1680710
Source:ME_MREIS
Price summary
- Price:$1,195,000
- Price per sq. ft.:$218.38
About this home
A Rare Opportunity to own a beautifully renovated, zoned multi-use property currently operating as the Mercury Inn. Lovingly owned and operated by the same owners for nearly 13 years, this reimagined 1890s Victorian mansion on Portland's peninsula is truly a gem. Fully renovated in 2019, this turnkey inn seamlessly blends historic character, thoughtful modern design, and exceptional flexibility. The second and third floors feature four spacious living room/bedroom guest suites, each with its own private bathroom and living room on each floor. Winding, turn-of-the-century staircases add to the property's distinctive historic charm. Guests also enjoy a shared kitchenette and a private reading nook on the second floor, creating inviting spaces to relax and unwind. The first floor offers a large, separate owner's apartment with soaring 10-foot ceilings, original period details, beautiful built-ins, and an abundance of historic charm. The apartment includes two bedrooms, two bathrooms, a full kitchen, and gorgeous formal dining and living rooms. The space could serve as comfortable owner's quarters or be reimagined as an additional income-producing unit, providing even more flexibility for the next owner. Outside, the property offers a private backyard and ample parking, making it especially well suited for an owner-occupied innkeeper or an investor seeking a flexible hospitality property. Whether you are an experienced investor, aspiring innkeeper, or entrepreneur looking to continue the legacy of this well-loved property, the Mercury Inn presents an exceptional opportunity to own a unique piece of Portland's thriving hospitality landscape. Ideally located this property is within easy walking distance of museums, acclaimed restaurants, shops, and the many attractions that make both the West End and downtown Portland so desirable. Historic charm. Modern convenience. Flexible zoning. Prime Portland location. A truly special opportunity....
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Home facts
- Year built:1894
- Listing ID #:1680710
- Updated:November 09, 2026 at 11:34 AM
Rooms and interior
- Bedrooms:7
- Total bathrooms:6
- Full bathrooms:6
- Rooms Total:15
- Flooring:Ceramic Tile, Wood
- Bathrooms Description:Shower
- Kitchen Description:Cooktop, Dishwasher, Electric Range, Refrigerator
- Bedroom Description:1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath
- Basement Description:Bulkhead, Full, Interior Entry, Unfinished
- Living area:5,472 sq. ft.
Heating and cooling
- Heating:Electric, Gas Natural, Heat Pump, Heating, Hot Water
Structure and exterior
- Roof:Slate
- Year built:1894
- Building area:5,472 sq. ft.
- Lot area:0.11 Acres
- Lot Features:Historic District, Intown, Level, Near Shopping, Near Turnpike/Interstate, Sidewalks
- Architectural Style:New Englander
- Construction Materials:Aluminum Siding, Wood Frame
- Exterior Features:Porch
- Foundation Description:Stone
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,195,000
- Price per sq. ft.:$218.38
- Tax amount:$20,572 (2025)
Features and amenities
- Appliances:Cooktop, Dishwasher, Dryer, Electric Range, Refrigerator, Washer
- Laundry features:Dryer, Washer, Washer Hookup
- Amenities:Storage
Parking
- Parking description:5 - 10 Spaces, Off street, On Site, Paved
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