74 Melbourne Street, Portland, ME 04101

$1,400,000
Property Type: Multi-Family Baths: 4 Square Footage: 3,288 Lot Size (sq. ft.): 3,485 Status: Closed
Current Price: $1,400,000 List Date: 3/18/2025 Last Modified: 5/05/2025

Overview

Description

Introducing a beautifully updated 3-unit property in the highly sought-after Munjoy Hill neighborhood. This home seamlessly combines modern amenities with classic charm, offering excellent access to all that Portland has to offer. The property has been well-maintained and features updated systems, including energy-efficient heat pumps, solar panels, and a hybrid hot water heater, ensuring comfort and sustainability year-round. Since its purchase in 2017, the property has undergone many additional improvements, such as two renovated bathrooms, new roof, and new driveway, making it truly turnkey and move-in ready. The top-floor owner's unit offers glimpses of Casco Bay and features a well-designed and recently renovated living space filled with natural light. A key feature is the pop-out balcony window, which expands the living area and provides outdoor space with panoramic views. The gas fireplace, installed in 2018, creates a cozy feeling throughout the winter. The other units have also been thoughtfully updated and offer spacious, comfortable living areas, making this property a great option for both owners and tenants. Additional highlights include off-street parking for added convenience and shared laundry facilities on the 2nd floor, offering ease for all residents. Just a short walk to award-winning restaurants, popular food trucks, the scenic Back Cove, and Eastern Trail walking paths, this location provides easy access to Portland's best attractions. You're also just steps away from Fort Sumner Park, where you can take in stunning views of the Portland city skyline. Additionally, East End Beach is nearby, offering a convenient spot to drop in a kayak and enjoy the waterfront. This is a unique opportunity to own a well-maintained, turnkey investment property in one of Portland's most sought-after neighborhoods—ideal for investors or those seeking a convenient urban lifestyle.

Listing Details MLS# 1616129

Location Information

Street #
74
Street Name
Melbourne
Street Type
Street
County
Cumberland
Town
Portland
State/Province
ME
Zip Code
04101
Zip +4
5319
Leased Land
No
Book
34364
Page
148
Map
14
Block
M
Lot
8
Zoning
RN-4
Zoning Overlay
Yes
Neighborhood Association
Munjoy Hill
Association
No
Full Tax Amount $
13206
Tax Year
2024

Contract Information

Original List Price
1295000

Property Information

Surveyed
No
Seasonal
No
Deed/Conveyance Type Offered
Warranty
Deed Restrictions
Unknown
2 Detached Houses on 1 Lot
No
Number of Units
3
Total Baths
4
Total Full Baths
3
Total Half Baths
Yes
Color
Light Blue
Year Built
1880
SqFt Finished Above Grade
3288
SqFt Finished Total
3288
SqFt Source
Public Records
Other Source of Square Footage
Seller
Garage
No
Lot Size Acres +/-
0.08
Source of Acreage
Public Records
Road Frontage
No
SqFt Finished Below Grade
0
Garage Spaces
0

Status Change Info

Pending Date
2025-03-19
Closed Date
2025-05-05
Closed Price
1400000

Water Info

Water Frontage
No
Water View
Yes
Water Body Name
Casco Bay

Building Info

# Stories
3
# Floors
3

More Information

Units

# of 2 BD Units
3

Unit 1

Lease
No
Level
First
Security Deposit
Yes
Monthly Rent
1685
# Full Baths
Yes
# of Half Baths
Yes
# of Rooms
5
# of Bedrooms
2
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
Yes
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 2

Lease
No
Level
Second
Security Deposit
No
# Full Baths
Yes
# of Rooms
5
# of Bedrooms
2
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
Yes
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes
Monthly Rent
0

Unit 3

Lease
No
Level
Third
Security Deposit
No
# Full Baths
Yes
# of Rooms
5
# of Bedrooms
2
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
Yes
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes
Monthly Rent
0

Utilities

Utilities On
Yes

Sold Info

Appraiser Email Address
JIM.CONERS@theappraiserguy.com

Site

Level
Yes
Open
Yes
Sidewalks
Yes

Location

Intown
Yes
Near Golf Course
Yes
Near Public Beach
Yes
Near Shopping
Yes
Near Turnpike/Interstate
Yes
Neighborhood
Yes

Roads

Public
Yes

Transportation

Deep Water Access
Yes
Major Road Access
Yes
Near Airport
Yes
Rail Available
Yes

Water Body Type

Ocean
Yes

Recreational Water

Nearby
Yes

Style

New Englander
Yes
Other
Yes

Construction

Wood Frame
Yes

Other Structures

Outbuilding
Yes

Levels

Multi-Level
Yes

Basement

Bulkhead
Yes
Full
Yes
Unfinished
Yes

View

Scenic
Yes

Foundation Materials

Brick/Mortar
Yes
Stone
Yes

Exterior

Clapboard
Yes

Roof

Shingle
Yes

Heat System

Baseboard
Yes
Heat Pump
Yes
Hot Water
Yes
Zoned
Yes

Heat Fuel

Electric
Yes
Oil
Yes

Income & Expenses

Gross Income
87420
Operating Expenses
19860

Cooling

Heat Pump
Yes

Floors

Tile
Yes
Wood
Yes

Parking

1 - 4 Spaces
Yes
Off Street
Yes

Electric

Circuit Breakers
Yes
Photovoltaics Seller Owned
Yes

Gas

Natural - On Site
Yes

Sewer

Public Sewer
Yes

Water

Public
Yes

Driveway

Paved
Yes

Restrictions

No Restrictions
Yes

Basement Entry

Bulkhead
Yes
Interior
Yes

Water Heater

Electric
Yes

Amenities

Laundry - 2nd Floor
Yes

Patio and Porch Features

Patio
Yes

Vehicle Storage

No Vehicle Storage
Yes

Property Features

Site: Level; Open; Sidewalks Location: Intown; Near Golf Course; Near Public Beach; Near Shopping; Near Turnpike/Interstate; Neighborhood Roads: Public Transportation: Deep Water Access; Major Road Access; Near Airport; Rail Available Water Body Type: Ocean Recreational Water: Nearby View: Scenic Style: New Englander; Other Levels: Multi-Level Construction: Wood Frame Other Structures: Outbuilding Basement: Bulkhead; Full; Unfinished Basement Entry: Bulkhead; Interior Foundation Materials: Brick/Mortar; Stone Exterior: Clapboard Roof: Shingle Heat System: Baseboard; Heat Pump; Hot Water; Zoned Heat Fuel: Oil Water Heater: Electric Cooling: Heat Pump Floors: Tile; Wood Amenities: Laundry - 2nd Floor Patio and Porch Features: Patio Driveway: Paved Parking: 1 - 4 Spaces; Off Street Vehicle Storage: No Vehicle Storage Restrictions: No Restrictions Electric: Circuit Breakers; Photovoltaics Seller Owned Gas: Natural - On Site Sewer: Public Sewer Water: Public

Documents

Listing Office: Maineland Real Estate
IDX
Last Updated: May - 05 - 2025
Broker Attribution: 207-650-3101
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
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