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  • $1,400,000

    74 Melbourne Street, Portland, ME 04101

    6beds
    3,288sqft
    Multi Family
    Built in 1880
    -- sqft lot
    $1,428,000 Zestimate®
    $426/sqft
    $3,573 Estimated rent

    Home value

    $1,428,000

    $1.31M - $1.54M

    $3,573/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: May 05, 2025 at 09:26am

    Listed by:

    Maineland Real Estate 207-650-3101

    Bought with:

    Benchmark Real Estate

    Source: Maine Listings,MLS#: 1616129MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • Baseboard, Heat Pump, Hot Water, Zoned
    Cooling
    • Heat Pump
    Features
    • Flooring: Tile, Wood
    • Basement: Bulkhead,Interior Entry,Full,Unfinished
    • Has fireplace: No
    Interior area
    • Total structure area: 3,288
    • Total interior livable area: 3,288 sqft
    • Finished area above ground: 3,288
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Paved, 1 - 4 Spaces, Off Street
    Features
    • Levels: Multi/Split
    • Stories: 3
    • Patio & porch: Patio
    • Has view: Yes
    • View description: Scenic
    • Body of water: Casco Bay
    Lot
    • Size: 3,484 sqft
    • Features: City Lot, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Neighborhood, Level, Open Lot, Sidewalks
    Details
    • Additional structures: Outbuilding
    • Parcel number: PTLDM014BM008001
    • Zoning: RN-4

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: New Englander,Other
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Clapboard
    • Foundation: Stone, Brick/Mortar
    • Roof: Shingle
    Condition
    • Year built: 1880

    Utilities & green energy

    • Electric: Circuit Breakers, Photovoltaics Seller Owned
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Utilities On

    Community & neighborhood

    Location
    • Region: Portland
    • Subdivision: Munjoy Hill

    Price history

    DateEventPrice
    5/5/2025Sold$1,400,000+8.1%$426/sqft
    Source: Maine Listings #1616129
    3/21/2025Pending sale$1,295,000$394/sqft
    Source: Maine Listings #1616129
    3/18/2025Listed for sale$1,295,000+72.7%$394/sqft
    Source: Maine Listings #1616129
    10/4/2017Sold$750,000-2%$228/sqft
    Source: Maine Listings #1316526
    8/14/2017Price change$765,000-1.3%$233/sqft
    Source: Greater Portland #1316526

    Public tax history

    YearProperty taxesTax assessment
    2024$12,678 $879,800
    2023$12,678 +5.9%$879,800
    2022$11,974 +54.8%$879,800 +165.2%

    Find assessor info on the county website

    Neighborhood: East End

    Nearby schools

    GreatSchools rating
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    $1,428,000
    2% more+ $28,560
    With Zillow Showcase(estimated)
    $1,456,560