273 State Street, Portland, ME 04101 (MLS # 1680710)

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PRICE $1,195,000
BEDS 7
BATHS 6
HOME SIZE 5,472 sqft
LOT SIZE 4,792 sqft

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.

LAST UPDATED 9/15/2026 YEAR BUILT 1894
COUNTY Cumberland STATUS Coming Soon
PROPERTY TYPE(S) Single Family


ADDITIONAL DETAILS
AIR Heat Pump
AIR CONDITIONING Yes
APPLIANCES Cooktop, Dishwasher, Dryer, Electric Range, Refrigerator, Washer
BASEMENT Full, Interior Entry, Unfinished, Yes
CONSTRUCTION Aluminum Siding, Frame
FIREPLACE Yes
HEAT Electric, Heat Pump, Hot Water
INTERIOR Master Downstairs, Storage
LOT 4792 sq ft
LOT DESCRIPTION Level
LOT DIMENSIONS 0.11
MLS STATUS Coming Soon
PARKING Paved, On Site, Off Street
SEWER Public Sewer
STYLE New Englander
TAXES 20572
UTILITIES Natural Gas Available
WATER Public
Listing provided by Portside Real Estate Group

Listing data is derived in whole or in part from the Maine IDX & is for consumers'' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.© 2026 Maine Real Estate Information System, Inc. All Rights Reserved.

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IDX data provided by Market Leader, courtesy of Maine Listings.

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