Amazing East End Development Opportunity! R6 Zoning possible for up to 9 units to be developed! This is a once in a life time opportunity to grab one of the last buildable lots in the premier East End! Existing 2 Unit on premise is in great condition- at one point was a three unit. Many choices- remove existing structure to possibly develop 9 units! Keep existing structure, and develop empty lot- Survey has been completed- now come and make the magic happen! Seize the day with this once in lifetime chance
Multi-familyProperty Type
1845Year Built
6,534 sq ftLot Size
$673Est. Price/Sq.Ft.
1 spaceParking
Listed by Paul Diou• Maine Realty LLC
Bought with Kathy {Kathy Jo} Apon• Greater Portland Realty
Amazing East End Development Opportunity! R6 Zoning possible for up to 9 units to be developed! This is a once in a life time opportunity to grab one of the last buildable lots in the premier East End! Existing 2 Unit on premise is in great condition- at one point was a three unit. Many choices- remove existing structure to possibly develop 9 units! Keep existing structure, and develop empty lot- Survey has been completed- now come and make the magic happen! Seize the day with this once in lifetime chance
MREIS #1269060
Nov 3, 2016
Sold
$660,000
$352/sq ft
Jul 12, 2016
Price Changed
$755,000
$402/sq ft
Jun 13, 2016
Listed
$800,000
$426/sq ft
Year
Property tax
Land + Additions
Assessment*
2024
$7,963 (+4.2%)
$239,100 + $291,400
$530,500
2023
$7,645 (+5.9%)
$239,100 + $291,400
$530,500
2022
$7,220 (+4.8%)
$239,100 + $291,400
$530,500
2021
$6,891 (+19.9%)
$239,100 + $291,400
$530,500
2020
$5,746
$106,100 + $140,400
$246,500
2019
$5,746 (+3.7%)
$106,100 + $140,400
$246,500
2018
$5,541 (+3.5%)
$106,100 + $140,400
$246,500
2017
$5,354 (+2.1%)
$106,900 + $140,400
$247,300
2016
$5,246 (+2.3%)
$111,600 + $136,900
$248,500
2015
$5,127 (+10.7%)
$111,600 + $136,900
$248,500
2014
$4,632
$111,600 + $120,000
$231,600
Tax history for 1 Monument St
Year
Property tax
Land + Additions
Assessment*
2024
$7,963 (+4.2%)
$239,100 + $291,400
$530,500
2023
$7,645 (+5.9%)
$239,100 + $291,400
$530,500
2022
$7,220 (+4.8%)
$239,100 + $291,400
$530,500
2021
$6,891 (+19.9%)
$239,100 + $291,400
$530,500
2020
$5,746
$106,100 + $140,400
$246,500
2019
$5,746 (+3.7%)
$106,100 + $140,400
$246,500
2018
$5,541 (+3.5%)
$106,100 + $140,400
$246,500
2017
$5,354 (+2.1%)
$106,900 + $140,400
$247,300
2016
$5,246 (+2.3%)
$111,600 + $136,900
$248,500
2015
$5,127 (+10.7%)
$111,600 + $136,900
$248,500
2014
$4,632
$111,600 + $120,000
$231,600
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
4
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
2,178 Sq. Ft.
Year renovated
—
Sq. Ft.
1,876
Year built
1845
Style
Multi-Family (2-4 Unit)
County
Cumberland County
APN
111282
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
R6
Residential
To set aside areas on the peninsula for housing characterized primarily by multi-family dwellings at a high density providing a wide range of housing for differing types of households; to conserve the existing housing stock and residential character of neighborhoods by controlling the scale and external impacts of professional offices and other nonresidential uses; and to encourage new housing development consistent with the compact lot development pattern typically found on the peninsula.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Other
Bed & breakfast
Lodging & hospitality-Other
Cemetery
Park & open space
Mar 17, 2025 • Final
Electrical
Electrical
Nov 29, 2023 • Final
Electrical
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking Features: 1 - 4 Spaces, Paved
Interior
Bathroom Information
# of Baths (Full): 3
Basement Information
Basement Entry: Interior
Interior Features
Flooring: Wood, Vinyl, Tile
Other Equipment: Internet Access Available, Cable
Multi-Unit Information
# of Units Total: 2
# of 2 Bedroom Units: 1
# of 3 Bedroom Units: 1
Unit 1 Information
# of Bedrooms: 2
Actual Rent: $1,600
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Refrigerator: No
Sewer: No
Water: No
Unit 2 Information
# of Bedrooms: 3
Actual Rent: $1,700
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Refrigerator: No
Sewer: No
Water: No
Exterior
Building Information
Construction Materials: Other Exterior, Wood Frame
Foundation Details: Stone
Total Building Area (Sq. Ft.): 1,876
Exterior Features
Fencing: Fenced
Property Information
Year Built: 1845
Above-Grade Finished Area (Sq. Ft.): 1,876
Lot Information
Lot Size (Sq. Ft.): $6,534
Lot Size (Acres): 0.15
Lot Size Source: Public Records
Lot Features: Open, Corner Lot, Historic District, Intown, Near Shopping
Road Surface Type: Paved
Zoning: R-6
Waterfront Information
Water View: Yes
Financial
Tax Information
Annual Tax Amount: $5,127
Tax Year: 2015
Utilities
Utility Information
Has Heating
Heating: Hot Water
Has Cooling
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities: Utilities On
Utilities On: Yes
Water Source: Public
Water Heater: Off Heating System
Location
Location Information
Unparsed Address: 1 Monument Street, Portland, ME 04101
Directions: Congress To Monument St, or Munjoy St- Near Eastern Prom- see #1 Monument St Also listed as developmental land only see MLS #1269067
Public facts
Beds: 4
Baths: 3.0
Sq. Ft.: 1,876
Stories: 2.0
Lot Size: 2,178 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1845
Year Renovated: —
County: Cumberland County
APN: 111282
Home facts updated by county records on Jul 27, 2026
Around this home
Schools
East End Community School
Public PreK-5 • Assigned • 0.5mi
2/10
Lyman Moore Middle School
Public 6-8 • Assigned • 3.4mi
4/10
Deering High School
Public 9-12 • Assigned • 2.5mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 87° expected this year, 18 days in 30 years
6/10 Wind Factor
64% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Portland, ME • 04101
Average low and high temperatures (°F)
31
18
33
18
44
30
52
39
63
49
74
58
79
64
77
60
71
56
61
46
50
36
36
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.5 hours in
June and 4.3 hours in December, placing it below the
U.S. average for solar exposure.
8.5 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$1.20M – $1.45M
Reach more buyers when you sell with Redfin. Save up to $12,634 in fees.3 minutes to get started.
Get a free, detailed breakdown of how we calculated your estimate.