$849,000
$51K PRICE DROP

Estimated payment $5,124/month

Total Views 12,783
-- Bed
3 Baths
1,729 Sq Ft
$491 Price per Sq Ft

Highlights

  • Water Views
  • Deck
  • Property is near public transit
  • Nearby Water Access
  • Contemporary Architecture
  • 3-minute walk to Peppermint Park

About This Home

Second Floor Unit Now Vacant!

In a city where the old meets the bold, 12 Romasco Lane stands at the intersection. This isn't your typical Munjoy Hill multi. It's sharper. Smarter. Built for the investor who wants both return and refinement, or the owner-occupant who refuses to compromise.

Two units, fully remodeled, running lean and green. The first-floor unit—a crisp, uncomplicated 1-bedroom, 1-bath—perfectly sized and effortlessly livable. Upstairs, a 2-bedroom, 2-bath retreat with clever built-ins, a custom Murphy bed, and space carved out for life to happen. Thinking bigger? There's already potential in place to add a deck off the primary suite—because in Portland, outdoor space is gold.

And then there's what you can't see but feel: double stud walls, triple-pane windows, and passive solar design keeping the interior serene, warm, efficient. Even the air moves smarter here—engineered for natural ventilation when the breeze calls. Safety's covered too, with a full sprinkler system.

Both units serve up sweeping water views of Back Bay Cove and clean lines wrapped around stainless steel finishes. Tenants are month-to-month, giving you freedom to pivot.

Munjoy Hill is Portland's crown jewel. Romasco Lane places you right in the middle of its rhythm—Set in close proximity to Munjoy Hill's top restaurants, green spaces, and the working waterfront.

Modern living. Thoughtful design. A rare chance to own something different on the Hill.

Photos pre-tenant occupancy. Property card says square footage is 1729 sq. ft., but seller believes it to be less. Buyer encouraged to verify.

Listing Agent

Kim Tarbox

FIV Realty Co Maine, LLC Listed on: 03/18/2025

FIV Realty Co Maine, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,688

Year Built

  • Built in 1900

Lot Details

  • 1,742 Sq Ft Lot
  • Landscaped
  • Sloped Lot
  • Sprinkler System

Home Design

  • Contemporary Architecture
  • New Englander Architecture
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Concrete Fiber Board Siding

Interior Spaces

  • 1,729 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Triple Pane Windows
  • Low Emissivity Windows
  • Vinyl Flooring
  • Water Views
  • Fire Sprinkler System
  • ENERGY STAR Qualified Appliances

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • 3 Full Bathrooms
  • Low Flow Toliet
  • Bathtub
  • Shower Only

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Unfinished Basement

  • Brick Basement
  • Exterior Basement Entry
  • Dirt Floor
  • Crawl Space

Parking

  • Electric Vehicle Home Charger
  • Driveway
  • Paved Parking
  • On-Street Parking
  • On-Site Parking
  • Off-Street Parking

Eco-Friendly Details

  • ENERGY STAR/CFL/LED Lights
  • Air Exchanger

Outdoor Features

  • Nearby Water Access
  • Deck

Location

  • Property is near public transit
  • Suburban Location
  • City Lot

Utilities

  • Cooling Available
  • Zoned Heating
  • Heat Pump System
  • High-Efficiency Water Heater
  • Hot Water Circulator
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 19 / 1
  • Assessor Parcel Number PTLD-000013-I000019-000001

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $4,625
  • Gross Income $54,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,688

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.04
  • Road Surface Type: Paved
  • Water Body Name: Back Bay Cove
  • MLS Status: Active
  • Directions: Start by heading southeast on Congress St. Turn left onto Washington Ave, then right onto Cumberland Ave. Property will be on the left.
  • Above Grade Finished Sq Ft: 1729.0
  • Architectural Style: Other, Contemporary, New Englander
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Efficiency: Water Heater, Recirculating Hot Water, LED Light Fixtures, Double Wall (12''+) Construction, Ceiling Fans, 16+ SEER AC
  • Building Stories: 3
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.04
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 1729.0
  • Property Information:Garage: No
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Floors:Vinyl: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Amenities:Primary Bedroom wBath: Yes
  • Amenities:Storage: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:One-Floor Living: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Location:Suburban: Yes
  • Roof:Composition2: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 54600.0
  • Income Expenses Operating Expenses: 4625.0
  • Parking:On Site2: Yes
  • Amenities:Bathtub: Yes
  • Basement:Crawl Space: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Basement:Dirt Floor: Yes
  • Parking:Paved3: Yes
  • Gas:Natural - At Street: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Basement:BrickMortar: Yes
  • Equipment:Internet Access Available: Yes
  • Site:RollingSloping: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Energy Efficiency:Ceiling Fans: Yes
  • Exterior:Fiber Cement: Yes
  • Green Features:Low Flow Commode: Yes
  • Basement Entry:Exterior Only: Yes
  • Style:New Englander: Yes
  • Driveway:Concrete3: Yes
  • Parking:On Street: Yes
  • Transportation:Public Transport Access: Yes
  • Misc Amenities Sprinkler: Yes
  • Transportation:Rail Available: Yes
  • Green Features:Air Exchanger: Yes
  • Energy Efficiency:LED Light Fixtures: Yes
  • Building Info:_pound_ Floors3: 3
  • Energy Efficiency:Recirculating Hot Water: Yes
  • Parking:Electric Vehicle Charging Station(s): Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Levels:Multi-Level3: Yes
  • Window Features:Low E Windows2: Yes
  • Heat System:Zoned: Yes
  • Energy Efficiency Water Heater: Yes
  • Energy Efficiency ENERGY STAR Qualified Appliances: Yes
  • Window Features Triple Glaze Windows2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: ENERGY STAR Qualified Appliances
  • Other Equipment: Internet Access Available, Cable
  • Has Basement: Bulkhead, Brick/Mortar, Dirt Floor, Crawl Space, Exterior Only, Unfinished
  • Full Bathrooms: 3
  • Flooring: Vinyl
  • Interior Amenities: 1st Floor Bedroom, Bathtub, One-Floor Living, Pantry, Shower, Storage, Primary Bedroom w/Bath
  • Stories: 3
  • Window Features: Low-Emissivity Windows, Triple Pane Windows

Exterior Features

  • Lot Features: Well Landscaped, Rolling/Sloping, Sidewalks, Intown, Near Shopping, Neighborhood, Suburban, Near Public Transit
  • Waterfront: No
  • Construction Type: Fiber Cement, Wood Frame
  • Foundation Details: Stone, Brick/Mortar
  • Patio And Porch Features: Deck
  • Roof: Composition, Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Concrete, Paved, On Site, Off Street, On Street, Electric Vehicle Charging Station(s)

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level, Washer Hookup
  • Security: Sprinkler
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Zoned, Heat Pump
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1742.4
  • Parcel #: PTLD-000013-I000019-000001
  • Zoning: Residential 6

Green Features

  • Green Water Conservation: Low-Flow Fixtures, Low Flow Commode

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 54600.0
  • Annual Operating Expense: 4625.0

Tax Info

  • Tax Annual Amount: 7688.0
  • Tax Block: 1
  • Tax Book Number: 27199
  • Tax Lot: 19
  • Tax Map Number: 13
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,688 $512,200 $170,500 $341,700
2023 $7,381 $512,200 $170,500 $341,700
2022 $6,971 $512,200 $170,500 $341,700
2021 $6,653 $512,200 $170,500 $341,700
2020 $6,238 $267,600 $89,700 $177,900
2019 $5,014 $215,100 $89,700 $125,400
2018 $4,835 $215,100 $89,700 $125,400
2017 $4,657 $215,100 $89,700 $125,400
2016 $4,541 $215,100 $89,700 $125,400
2015 $4,438 $215,100 $89,700 $125,400
2014 $4,302 $215,100 $89,700 $125,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 Price Changed $849,000 -5.7% $491 / Sq Ft
03/18/2025 03/18/25 For Sale $899,999 -- $521 / Sq Ft
Source: Maine Listings

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $25,000 Balloon
Open $300,000 Stand Alone Refi Refinance Of Original Loan
Closed $15,000 Unknown
Closed $250,000 Unknown
Closed $161,324 FHA
Closed $162,506 FHA
Source: Public Records

Source: Maine Listings

MLS Number: 1616419

Maine Listings

APN: PTLD-000013-000000-I019001