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$1,400,000
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Property 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.
Full Property Details
Full Property Details for 74 Melbourne St
General
- Sold For: $1,400,000
- Taxes: $13,206 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MREIS
- MLS ID: 1616129
- Added to Site: 346 day(s) ago
Interior
- Flooring: Wood, Tile
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Other Rooms
- Laundry: Upper Level
Exterior
- Porch/Patio/Deck: Patio
Parking
- Parking Features: 1 - 4 Spaces, Paved, Off Street
Location
- County: Cumberland
- Subdivision: Munjoy Hill
Community
- Pets Allowed: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Heat Pump
- Heating Type: Zoned, Hot Water, Heat Pump, Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Utilities On
Structural Information
- Architectural Style: Other, New Englander
- Construction: Clapboard, Wood Frame
- Roof: Shingle
- Stories/Levels: 3
- Building Size: 3288
- Square Feet: 3,288
- Living Area: 3,288 Sq. Ft.
- Finished Total: 3,288 Sq. Ft.
- Finished Above Grnd: 3,288 Sq. Ft.
- Year Built: 1880
Additional Structures
- Other Structures: Outbuilding
Lot Features
- Property View: Scenic
- Lot Size (Acres): 0.08
- Lot Size (Sq. Ft.): 3,484.8
- Lot Size Source: Public Records
- Zoning: RN-4
- Lot Description: Open, Level, Sidewalks, Intown, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Neighborhood
Financial Considerations
- Tax Amount: $13,206
- Tax Year: 2024
Disclosures and Reports
- Block: M
- Lot Number: 8
Listed by Maineland Real Estate (207) 650-3101
Sold by Benchmark Real Estate (207) 775-0248
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Schools
Schools serving 74 Melbourne St
School District:Portland
| Name | Grades | Distance |
|---|---|---|
East End Community School 195 North Street, Portland, ME 04101 | PK-5 | 0.3 mi |
King Middle School 92 Deering Avenue, Portland, ME 04102 | 6-8 | 1.4 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 74 Melbourne St
Date
Details
Price
Change
Source
5/05/2025
Sold
$1,400,000
8.11%
MLS
3/18/2025
Listed
$1,295,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
74 Melbourne Street, Portland, ME 04101 (MLS# 1616129) is a Multi-Family property that was sold at $1,400,000 on May 05, 2025. Want to learn more about 74 Melbourne Street? Do you have questions about finding other Multi-Family real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

