A truly exceptional opportunity in the heart of Munjoy Hill, one of Portland's most coveted neighborhoods. This beautifully updated three-unit property offers the rare combination of refined owner-occupied living and strong investment potential, all just moments from the acclaimed restaurants, cafés, breweries, and boutiques of Washington Avenue and the sweeping waterfront beauty of the Eastern Promenade. Occupying the entire third floor, the owner's residence has been thoughtfully reimagined with sophisticated finishes and modern comforts. A stunning designer kitchen, spacious spa-inspired bath, and energy-efficient heat pump create an inviting retreat above the city. The living room is bathed in natural light and captures breathtaking sunset views. Seasonal glimpses of Casco Bay provide a constant reminder of Portland's coastal charm. The first- and second-floor apartments have been tastefully renovated, featuring attractive kitchens, updated baths, and in-unit laundry facilities. Each residence enjoys its own private outdoor deck space and access to a charming backyard oasis—an uncommon amenity in this vibrant urban setting. Additional highlights include a one year old high efficiency gas boiler and three deeded off-street parking spaces, a highly sought-after convenience on Munjoy Hill. The current rental income provides immediate value with future upside potential, and the property's owner-occupied unit offers the benefit of exemption from Portland's rent control ordinance. Whether you're seeking an elegant urban residence with income-producing apartments, a multigenerational living arrangement, or a premier investment in one of Maine's most desirable real estate markets, this remarkable property delivers a lifestyle and opportunity that rarely come to market.
Multi-familyProperty Type
1875Year Built
3,049 sq ftLot Size
$320Price/Sq.Ft.
1 spaceParking
Listed by Laurel LaBauve• Cottage & Co Real Estate
East End, located between Munjoy Hill and the Old Port, is a residential and waterfront Portland neighborhood with brick rowhouses and harbor-view parks. The neighborhood’s character concentrates around Congress Street near the Eastern Promenade, where corner markets, coffee counters, and small galleries set a steady, walkable rhythm. The Eastern Promenade and Eastern Promenade Trail frame daily routines with Casco Bay breezes and long views. Portland Food Co-op anchors pantry runs with a community-minded feel. The Portland Observatory adds a maritime landmark above the rooftops. Tree-lined blocks mix historic homes with updated apartments, and the shoreline keeps the pace tied to the water.
Provided by Walk Score and Local Logic
Offer insights
178 Congress St · $1,025,000
$1.03M and above
75% chance or better to win
Why $1.03M+ is a strong offer
DAYS ON MARKET
20 days
The average home goes pending in 50 days.
SALE-TO-LIST
97.7%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Tile and wood flooring
Full, unfinished walk-out basement with doghouse and exterior entry
Bedrooms
Three 2-bedroom units (one on first floor, one on second floor, one on third floor)
Bathrooms
Three full bathrooms (one in each unit)
Kitchen
Each unit includes a refrigerator
Laundry & utility
Individual units have gas water heaters not dedicated to each unit (no dedicated water heater listed)
Dedicated electric meters for each unit
Flooring
Tile
Wood
Heating & cooling
Heating provided by baseboard, forced air, and hot water systems
Heat pump for cooling
Circuit breaker electric service
Exterior features
Deck
Located in an intown business/neighborhood area near shopping with sidewalks
Home design
Multi-level building
Built in 1875
Parking
Paved off-street parking with 1–4 spaces
Construction
Wood frame construction with asbestos materials noted
Membrane roof
Above-grade finished area approximately 3,200 sq ft
Utilities
Public water
Public sewer
Gas water heater (off heating system)
Financial info
Total of 3 units
Gross income reported at $84,000
Operating expenses reported at $21,695
Unit rents: two units at $2,000 each, one unit at $3,000
Investor-ready features: individual electric meters per unit
Other
Zoning: R6
Lot features include business district location and neighborhood context
Subdivision: East End
Electricity and solar
View estimated energy costs and solar savings for this home
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
Apr 25, 2026 • Final
Hvac
HVAC
Oct 27, 2025 • Active
Hvac
Gas
HVAC
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.
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
80
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
87/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Portland. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.8 hrs
5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 178 Congress St
$1,044,800
$20K over list price of $1.03M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $849K to $1.4M.