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Property Description
NOT in Historic District | Prime for 5 Unit Development. Tucked away on one of Munjoy Hill's most peaceful streets, 32 Melbourne Street captures the essence of Portland's East End-connected, calm, and full of character. The home's original lines remain beautifully intact, while the lot itself is open, sunny, and inviting. The home offers just over 1,600 square feet with three bedrooms and one full baths. It's comfortable and move-in ready, yet the real story here is one of potential and possibility. Sitting on a 0.0844-acre lot-approximately 3,675 square feet-in Portland's desirable RN4 zone, the property holds special development appeal. In this zone, just 725 square feet of lot area are required per dwelling unit, meaning this site could support up to five residential units. Attention developers: this is a rare opportunity for a quality-minded multi-family owner, investor, or visionary builder to create a purposeful condominium or small-scale residential project for resale or personal use. Because the property lies outside the constraints of the historic district, you have freedom to restore, expand, or reimagine without limitation. Imagine living just steps from Maine's bold coast, one block from the Olmsted-designed East End Park with its tennis courts, ball fields, community gardens, walking paths, and sandy beach. You're connected by trails to Back Cove and the Old Port and just moments from Washington Avenue and East Bayside's lively mix of shops, breweries, and boutiques. The location offers both serenity and access-walkable to downtown Portland, the working waterfront, and near major employers and the forthcoming Root Institute across the bridge. From the upper floors, enjoy sweeping, open ocean and inner Casco Bay views stretching across the islands, with potential for panoramic vistas toward Mount Washington and the western mountains. Whether you honor the home's timeless charm or develop something entirely new, opportunities abound.
Full Property Details
Full Property Details for 32 Melbourne St
General
- Price: $1,195,000
- Taxes: $9,623 (2026)
- Status: Active
- Type: Commercial
- Source: MREIS
- MLS ID: 1650823
- Updated: 1/31/2026
- Added to Site: 3 day(s) ago
Business
- Business Type: Development, Freestanding Building
Interior
- Interior Features: Storage
- Flooring: Wood, Laminate
Additional Information
- Equipment: Internet Access Available, Cable, Air Radon Mitigation System
Parking
- Parking Features: 1 - 4 Spaces, On-Site Parking, Paved, Off Street
Location
- County: Cumberland
- Subdivision: East End
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Water, Forced Air, Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Vinyl Siding, Wood Frame
- Roof: Pitched, Shingle
- Stories/Levels: 0
- Building Size: 1617
- Square Feet: 1,617
- Living Area: 1,617 Sq. Ft.
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.08
- Lot Size (Sq. Ft.): 3,484.8
- Zoning: RN-4
- Lot Description: Water View, Rail Available, Public Transport Access, Near Turnpike/Interstate, Near Airport, Downtown, Near Shopping, Suburban
Financial Considerations
- Tax Amount: $9,623.53
- Tax Year: 2026
Disclosures and Reports
- Block: L
- Lot Number: 4
Listed by Benchmark Real Estate (207) 775-0248
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Schools
Schools serving 32 Melbourne St
School District:Portland
| Name | Grades | Distance |
|---|---|---|
East End Community School 195 North Street, Portland, ME 04101 | PK-5 | 0.3 mi |
Howard C Reiche Community School 166 Brackett Street, Portland, ME 04102 | K-5 | 1.6 mi |
Lyman Moore Middle School 171 Auburn Street, Portland, ME 04103 | 6-8 | 3.2 mi |
Deering High School 370 Stevens Avenue, Portland, ME 04103 | 9-12 | 2.4 mi |
Casco Bay High School 196 Allen Avenue, Portland, ME 04103 | 9-12 | 2.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 32 Melbourne St
Date
Details
Price
Change
Source
1/31/2026
Listed
$1,195,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 32 Melbourne St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,736
4%
$582,000
—
2023
$8,387
6%
$582,000
—
2022
$7,921
5%
$582,000
—
2021
$7,560
49%
$582,000
167%
2020
$5,072
—
$217,600
—
2019
$5,072
4%
$217,600
—
2018
$4,892
4%
$217,600
—
2017
$4,711
3%
$217,600
—
2016
$4,594
2%
$217,600
—
2015
$4,489
3%
$217,600
—
2014
$4,352
3%
$217,600
—
2013
$4,224
—
$217,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 32 Melbourne St
32 Melbourne Street, Portland, ME 04101 (MLS# 1650823) is a Commercial property. 32 Melbourne Street is currently listed for $1,195,000 and was received on January 31, 2026. Want to learn more about 32 Melbourne Street? Do you have questions about finding other Commercial real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

