23-25 Waterville Street, Portland, ME 04101

$1,720,000
Property Type: Multi-Family Baths: 5 Square Footage: 3,337 Lot Size (sq. ft.): 5,227 Status: Closed
Current Price: $1,720,000 List Date: 8/07/2025 Last Modified: 10/16/2025

Description

An incredible opportunity awaits to own this elegant 1860 Greek Revival in Portland's desirable Munjoy Hill neighborhood, complete with a spacious yard, two-car garage, and income-generating apartment. Whether you're looking for a multi-generational home, rental income, or simply want to enjoy the entire space as your own retreat, this property offers flexibility and enduring value. The owner's unit, positioned at the front of the lot, is a fully independent residence rich with historic character and thoughtful updates, including a brand new furnace installed in February 2025. The first floor features a gracious entry, a formal drawing room, and a charming ''summer kitchen'' that opens directly to the backyard; ideal for guest suite use, with its own full bath. Upstairs, you'll appreciate the original tin ceilings, wainscoting, and hardwood floors. The updated kitchen flows into a south-facing, sun-filled double parlor with an open living & dining space, high ceilings and water views. An en-suite bedroom with a full bath completes this floor. The top level serves as a private primary suite with a full bathroom, a cozy library or office, and a spacious bedroom. The second unit is a bright and spacious five-room apartment with a private entrance, outdoor deck, and excellent rental history, ideal for income or guest accommodations. Outside, enjoy professionally landscaped grounds, harbor peaks from the deck, and room to garden and relax. Updated systems include air conditioning, high-efficiency windows, newer plumbing/electrical, a central vacuum system, full winterization for energy savings, and a whole-house generator. Ample storage in both the attic and basement completes the picture. All this in Portland's vibrant East End where you're just steps from the Eastern Prom, East End Beach, and favorites like BLVL Bakery, The Front Room, and Jing Yan Tavern. Come experience this hilltop beauty, and watch the ships sail by from your very own hilltop escape.

Supplements: ********

More Information MLS# 1633474

Location Information

Book: 32882 Leased Land: No Page: 050 Map: 16 Lot: 20-21 Zoning Overlay: Yes Association: No Tree Growth Y/N: No Street #: 23-25 Street Name: Waterville Street Type: Street County: Cumberland Town: Portland State/Province: ME Zip Code: 04101 Zoning: R6 Full Tax Amount $: 17151.93 Tax Year: 2025 Geo Lat: 43.663898 Geo Lon: -70.245009

Property Information

Surveyed: No Seasonal: No Owner Occupied: Yes Number of Units: 2 Deed/Conveyance Type Offered: Warranty Deed: All Bank Owned REO: No 2 Detached Houses on 1 Lot: No Lot Size Acres +/-: 0.12 Total Baths: 5 Total Half Baths: 1 SqFt Finished Above Grade: 3337 SqFt Finished Below Grade: 0 SqFt Source: Public Records Garage: Yes Garage Spaces: 2 Total Full Baths: 4 Year Built: 1860 SqFt Finished Total: 3337 Source of Acreage: Public Records

Site

Sidewalks: 1 Well Landscaped: 1

Location

Intown: 1 Near Public Beach: 1 Near Shopping: 1 Neighborhood: 1

Roads

Public: 1

Water Info

Water Frontage: No Water View: Yes Water Body Name: Portland Harbor

Water Body Type

Harbor: 1

Style

Greek Revival: 1

Construction

Wood Frame: 1

Basement

Unfinished: 1 Walk-Out Access: 1

Exterior

Clapboard: 1

Roof

Shingle: 1

Heat System

Heat Pump: 1 Hot Water: 1 Radiator: 1

Heat Fuel

Electric: 1 Gas Natural: 1

Income & Expenses

Gross Income: 68400 Operating Expenses: 0

Cooling

Heat Pump: 1

Floors

Tile: 1 Wood: 1

Units

# of 2 BD Units: 2

Parking

1 - 4 Spaces: 1

Unit 1

Lease: No Level: First Security Deposit: No Monthly Rent: 3500 # Full Baths: 3 # of Rooms: 8 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: Yes Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: No Water: No

Electric

Circuit Breakers: 1

Unit 2

Lease: No Level: First Security Deposit: Yes Monthly Rent: 2200 # Full Baths: 1 # Half Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: Yes Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Utilities On: Yes

Gas

Natural - At Street: 1

Sewer

Public Sewer: 1

Water

Public: 1

Driveway

Concrete: 1

Basement Entry

Doghouse: 1

Water Heater

Gas: 1

Amenities

Bathtub: 1 In-Law Apartment: 1 Laundry - 2nd Floor: 1 Primary Bedroom w/Bath: 1 Storage: 1

Patio and Porch Features

Deck: 1 Patio: 1

Vehicle Storage

2 Car: 1 Detached: 1

Contract Information

Status: Closed Original List Price: 1790000 Sold Price: $1,720,000 Current Price: $1,720,000

Status Change Info

Pending Date: 2025-08-09 Closed Date: 2025-10-15 Closed Price: 1720000

Property Features

Site: Sidewalks; Well Landscaped Location: Intown; Near Public Beach; Near Shopping; Neighborhood Roads: Public Water Body Type: Harbor Style: Greek Revival Construction: Wood Frame Basement: Unfinished; Walk-Out Access Basement Entry: Doghouse Exterior: Clapboard Roof: Shingle Heat System: Heat Pump; Hot Water; Radiator Heat Fuel: Gas Natural Water Heater: Gas Cooling: Heat Pump Floors: Tile; Wood Amenities: Bathtub; In-Law Apartment; Laundry - 2nd Floor; Primary Bedroom w/Bath; Storage Patio and Porch Features: Deck; Patio Driveway: Concrete Parking: 1 - 4 Spaces Vehicle Storage: 2 Car; Detached Electric: Circuit Breakers Gas: Natural - At Street Sewer: Public Sewer Water: Public
Listing Office: Portside Real Estate Group
IDX
Last Updated: October - 16 - 2025
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