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.
Multi-familyProperty Type
1880Year Built
3,484 sq ftLot Size
$421Est. Price/Sq.Ft.
1 spaceParking
Listed by Jonathan {Jon} Howard• Maineland Real Estate
Contact: 207-650-3101
Bought with Thomas {Tom} Landry• Benchmark Real Estate
Portland Maine is on the map & the lifestyle found on the Eastern Prom is beyond compare. Walk to outdoor caf s, neighborhood grocers, world renowned restaurants & along the seashore. Launch your kayak, secure a mooring for your boat to enjoy Casco Bay and the islands beyond. Don't wait to own part of this vibrant community that is still expanding and coming into its own. Sunny, spacious and updated units, a great investment or owner occupied property. 74 Melbourne is truly a wonderful place to call home.
Year
Property tax
Land + Additions
Assessment*
2024
$13,206 (+4.2%)
$325,400 + $554,400
$879,800
2023
$12,678 (+5.9%)
$325,400 + $554,400
$879,800
2022
$11,974 (+4.8%)
$325,400 + $554,400
$879,800
2021
$11,429 (+47.8%)
$325,400 + $554,400
$879,800
2020
$7,734
$108,300 + $223,500
$331,800
2019
$7,734 (+3.7%)
$108,300 + $223,500
$331,800
2018
$7,459 (+3.8%)
$108,300 + $223,500
$331,800
2017
$7,183 (+2.6%)
$108,300 + $223,500
$331,800
2016
$7,004 (+2.3%)
$108,300 + $223,500
$331,800
2015
$6,845 (+3.1%)
$108,300 + $223,500
$331,800
2014
$6,636
$108,300 + $223,500
$331,800
Tax history for 74 Melbourne St
Year
Property tax
Land + Additions
Assessment*
2024
$13,206 (+4.2%)
$325,400 + $554,400
$879,800
2023
$12,678 (+5.9%)
$325,400 + $554,400
$879,800
2022
$11,974 (+4.8%)
$325,400 + $554,400
$879,800
2021
$11,429 (+47.8%)
$325,400 + $554,400
$879,800
2020
$7,734
$108,300 + $223,500
$331,800
2019
$7,734 (+3.7%)
$108,300 + $223,500
$331,800
2018
$7,459 (+3.8%)
$108,300 + $223,500
$331,800
2017
$7,183 (+2.6%)
$108,300 + $223,500
$331,800
2016
$7,004 (+2.3%)
$108,300 + $223,500
$331,800
2015
$6,845 (+3.1%)
$108,300 + $223,500
$331,800
2014
$6,636
$108,300 + $223,500
$331,800
*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
Beds
5
Baths
3.5
Stories
2
Lot width
—
Lot depth
—
Lot size
3,485 Sq. Ft.
Year renovated
—
Sq. Ft.
3,146
Year built
1880
Style
Multi-Family (2-4 Unit)
County
Cumberland County
APN
111105
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.