78 Atlantic Street, Portland, ME 04101

$1,590,000

Property Type: Multi-Family Baths: 3 Square Footage: 2,700 Lot Size (sq. ft.): 7,405 Status: Closed

Current Price: $1,590,000 List Date: 10/27/2025 Last Modified: 4/21/2026

Overview

Description

Rare opportunity! A double lot on the corner of Atlantic Street and Monument Street in Portland's Most Sought-After Neighborhood! This exceptional property offers an income producing three-unit multi-family + adjacent buildable lot or expansive green space nestled atop the iconic Munjoy Hill, with ocean views from the third floor and R6 zoning, the possibilities are endless! Whether you want to move in and generate rental income & enjoy the beautifully landscaped green space, expand the existing structure, build your dream home, or develop multiple condos, this property offers unmatched flexibility and potential. Located between Congress St & Fore St, you are within walking distance of the Eastern Promenade, East End Beach, scenic walking trails, award-winning restaurants, vibrant art galleries, and leading institutions like WEX and the Northeastern University Roux Institute. Don't miss this rare chance to own a piece of Portland's most desirable real estate!

Listing Details MLS# 1641989

Location Information

Street #: 78
Street Name: Atlantic
Street Type: Street
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04101
Zip +4: 4434
Leased Land: No
Book: 23754
Page: Yes
Map: 16
Block: Yes
Lot: 24
Zoning: R6
Zoning Overlay: Unknown
Association: No
Full Tax Amount $: 12139
Tax Year: 2024
Tree Growth Y/N: No

Contract Information

Original List Price: 1650000

Property Information

Surveyed: Unknown
Seasonal: No
Owner Occupied: No
Deed/Conveyance Type Offered: Warranty
Deed: All
Deed Restrictions: Unknown
Bank Owned REO: No
2 Detached Houses on 1 Lot: No
Number of Units: 3
Total Baths: 3
Total Full Baths: 3
Color: Green
Year Built: 1872
SqFt Finished Above Grade: 2700
SqFt Finished Total: 2700
SqFt Source: Public Records
Furniture: Negotiable
Garage: No
Lot Size Acres +/-: 0.17
Source of Acreage: Public Records
Road Frontage: Yes
Road Frontage +/-: 177
Source of Road Frontage: Public Records
Total Half Baths: 0
SqFt Finished Below Grade: 0
Garage Spaces: 0

Status Change Info

Pending Date: 2026-02-27
Closed Date: 2026-04-21
Closed Price: 1590000

Water Info

Water Frontage: No
Water View: Yes
Water Body Name: Casco Bay

Building Info

# Stories: 3
# Floors: 3
# Heating Units: 4
# Water Heaters: 3

More Information

Units

# of 1 BD Units: Yes
# of 2 BD Units: 2

Unit 1

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 4500
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2

Lease: No
Level: Second
Security Deposit: No
Monthly Rent: 4100
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3

Lease: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 1250
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Sold Info

Appraiser Email Address: rusty@pillsburyappraisal.com

Site

Corner Lot: Yes
Level: Yes
Open: Yes
Sidewalks: Yes
Well Landscaped: Yes

Location

Intown: Yes
Near Public Beach: Yes
Near Shopping: Yes
Near Turnpike/Interstate: Yes
Neighborhood: Yes

Roads

Paved: Yes
Public: Yes

Water Body Type

Ocean: Yes

Style

Colonial: Yes

Construction

Wood Frame: Yes

Other Structures

Shed(s): Yes

Structure Type

Post & Beam: Yes

Basement

Brick/Mortar: Yes
Bulkhead: Yes
Full: Yes
Unfinished: Yes

Foundation Materials

Brick/Mortar: Yes
Stone: Yes

Exterior

Aluminum Siding: Yes

Roof

Shingle: Yes

Heat System

Direct Vent Heater: Yes

Heat Fuel

Gas Natural: Yes

Income & Expenses

Gross Income: 114500
Operating Expenses: 25704

Cooling

Window Unit(s): Yes

Floors

Hardwood: Yes
Tile: Yes

Parking

1 - 4 Spaces: Yes
On Site: Yes
Paved: Yes

Electric

Circuit Breakers: Yes

Gas

Natural - On Site: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Driveway

Paved: Yes

Basement Entry

Bulkhead: Yes
Interior: Yes

Water Heater

Electric: Yes
Tank: Yes

Patio and Porch Features

Patio: Yes

Vehicle Storage

No Vehicle Storage: Yes

Property Features

Site: Corner Lot; Level; Open; Sidewalks; Well Landscaped Location: Intown; Near Public Beach; Near Shopping; Near Turnpike/Interstate; Neighborhood Roads: Paved; Public Water Body Type: Ocean Style: Colonial Structure Type: Post & Beam Construction: Wood Frame Other Structures: Shed(s) Basement: Brick/Mortar; Bulkhead; Full; Unfinished Basement Entry: Bulkhead; Interior Foundation Materials: Brick/Mortar; Stone Exterior: Aluminum Siding Roof: Shingle Heat System: Direct Vent Heater Heat Fuel: Gas Natural Water Heater: Electric; Tank Cooling: Window Unit(s) Floors: Hardwood; Tile Patio and Porch Features: Patio Driveway: Paved Parking: 1 - 4 Spaces; On Site; Paved Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public

Documents

Property Disclosure Public Access ›

Deed Public Access ›

Plot Plan Public Access ›

Other Public Access 2 ›

Other Public Access 1 ›

Lead Paint Addendum Public Access ›

IDX

Listing Office: Portside Real Estate Group

Selling Office: Century 21 North East

Last Updated: April - 21 - 2026

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 ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.