Rare buildable lot on Munjoy Hill! Build your dream home or multi-family/condo project on this +/- 3,393 sf lot in Portland's coveted East End neighborhood. Density allows for up to 4 units and the site offers upper-floor potential for sweeping Casco Bay views to the east and skyline views west over the city. Tucked into an idyllic tree-lined neighborhood and just steps from the Eastern Prom, cafes & restaurants galore, this location is truly unbeatable.
Vacant landProperty Type
3,049 sq ftLot Size
$130Price/Sq.Ft.
1 spaceParking
Listed by Briton Vitalius• Vitalius Real Estate Group, LLC
Listed by Christopher Sullivan• Vitalius Real Estate Group, LLC
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
Property details
Exterior
Exterior features
Intown location
Near turnpike/interstate
Near town amenities
Level lot
Sidewalks
Paved road
Home design
Located in Munjoy Hill Historic District
Parking
Paved on-site parking with 1–4 spaces
Utilities
Public water
Public sewer
Sale and tax history for 62 Waterville St
Sale History
Tax History
Date
Event
Price
MREIS #1673939
Jul 29, 2026
Listed
$395,000
MREIS #1519965
Jun 27, 2022
Sold
$1,200,000
Feb 17, 2022
Listed
$1,400,000
+13
Brick 6-unit with parking lot and development potential in one of Munjoy Hill's most desirable locations. Waterville Street is known among East End locals for it's quiet nature and neighborhood setting since it is not a pass-through street, and does not connect directly to Congress ST. The 6,400 SF lot is framed by trees, creating a sense of separation and privacy around the paved parking, currently offered to tenants at no charge. The building is a mix of one-bedroom and studio apartments, two of which have benefited from more recent updates, and really show the potential for all of the units. Or, re envision the property as a development opportunity - reconfigure, convert to condos, build new on the parking lot. .. so many possibilities for this Munjoy Hill gem!
Year
Property tax
Land + Additions
Assessment*
2024
$13,626 (+18.5%)
$312,800 + $595,000
$907,800
2023
$11,498 (+5.9%)
$325,300 + $472,600
$797,900
2022
$10,859 (+4.8%)
$321,700 + $476,200
$797,900
2021
$10,365 (+24.4%)
$321,700 + $476,200
$797,900
2020
$8,333
$149,700 + $207,800
$357,500
2019
$8,333 (+3.7%)
$149,700 + $207,800
$357,500
2018
$8,037 (+3.8%)
$149,700 + $207,800
$357,500
2017
$7,740 (+2.6%)
$149,700 + $207,800
$357,500
2016
$7,547 (+2.3%)
$149,700 + $207,800
$357,500
2015
$7,375 (+3.1%)
$149,700 + $207,800
$357,500
2014
$7,150
$149,700 + $207,800
$357,500
Public record
Public record
Zoning
Permits
Beds
6
Baths
5.5
Stories
3
Lot width
—
Lot depth
—
Lot size
6,534 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
3,273
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,273
Year built
1874
Style
Multi-Family (5+ Unit)
County
Cumberland County
APN
111486
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
Aug 3, 2023 • Final
Commercial/multi family (3+ units) alterations
Perform an interior renovation to convert an existing apartment building from six units to four units. Add a new dormer on the third floor.
Addition
Remodel
Jul 26, 2023 • Final
Plumbing
Install plumbing and plumbing fixtures including toilets, vanities, showers, kitchen sinks, and dishwashers.
Plumbing
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
65% 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
89/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.8 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 62 Waterville St
$401,122
$6,122 over list price of $395K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $515K to $960K.