$1,395,000
UNDER CONTRACT

Estimated payment $8,289/month

Total Views 802
-- Bed
3 Baths
3,433 Sq Ft
$406 Price per Sq Ft

Highlights

  • 0.15 Acre Lot
  • Wood Flooring
  • No HOA
  • Deck
  • New Englander Architecture
  • 2-minute walk to Fort Sumner Park

About This Home

Perched on one of Portland's most desirable neighborhoods, 64 Melbourne Street offers a unique opportunity to own a classic three-unit New Englander on an oversized 6,500+ sq. ft. double lot—a true rarity on Munjoy Hill. This well-maintained property blends historic charm, income-producing potential, and intriguing development possibilities in one of the city's most walkable and vibrant neighborhoods. Inside, each two-bedroom apartment features a functional layout with abundant natural light, high ceilings, and the warm character common of Portland's turn-of-the-century homes. Whether you're an investor seeking reliable rental income or a homeowner planning to live in one unit while renting the others, the property's configuration offers flexibility and long-term value. Outside, the fenced-in yard provides ample space for gardening, entertaining, or pets, while private off-street parking adds everyday convenience—an uncommon benefit on the East End. The rare double lot also presents significant expansion potential. Preliminary review indicates the parcel may be divisible, with the opportunity to create an additional buildable lot (minimum 2,000 sq. ft., subject to buyer verification). Just minutes from the Eastern Promenade, local cafés, award-winning restaurants, and scenic waterfront trails, 64 Melbourne Street offers a standout combination of comfort, location, and possibility—right in the heart of Munjoy Hill. Showings start Saturday 12/13 at open house from 10-12.

Listing Agent

Rick Cosseboom

Anchor Real Estate Listed on: 12/10/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,505

Year Built

  • Built in 1880

Lot Details

  • 6,534 Sq Ft Lot

Home Design

  • New Englander Architecture
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3 Full Bathrooms
  • 3,433 Sq Ft Home
  • 3-Story Property
  • Interior Basement Entry

Flooring

  • Wood
  • Carpet

Outdoor Features

  • Deck
  • Shed

Utilities

  • No Cooling
  • Forced Air Heating System
  • Hot Water Heating System

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number PTLD-000014-M000005-000001

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Gross Income $43,560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,505

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • MLS Status: Active Under Contract
  • Directions: Route 295 to Exit 7. Franklin Street (1A), left onto Fox Street, left onto Washington Ave, right onto Walnut Street, right onto North Street, left onto Melbourne, 64 Melbourne is on right side.
  • Above Grade Finished Sq Ft: 3433.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1880
  • Contract Information:List PriceSqFt: 406.35
  • Property Information:Seasonal: No
  • Water Info:Water View2: No
  • Special Features: 4224
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Furnished: Unfurnished
  • Has Basement: Interior Entry
  • Full Bathrooms: 3
  • Flooring: Carpet, Wood
  • Stories: 3

Exterior Features

  • Waterfront: No
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck
  • Roof: Composition, Shingle

Garage/Parking

  • Attached Garage: No

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6534.0
  • Parcel #: PTLD-000014-M000005-000001
  • Zoning: RN-4

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 43560.0

Tax Info

  • Tax Annual Amount: 11505.0
  • Tax Lot: 5

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 $11,505 $766,500 $356,200 $410,300
2023 $11,045 $766,500 $356,200 $410,300
2022 $10,432 $766,500 $356,200 $410,300
2021 $9,957 $766,500 $356,200 $410,300
2020 $7,165 $307,400 $111,600 $195,800
2019 $7,165 $307,400 $111,600 $195,800
2018 $6,910 $307,400 $111,600 $195,800
2017 $6,655 $307,400 $111,600 $195,800
2016 $6,489 $307,400 $111,600 $195,800
2015 $6,342 $307,400 $111,600 $195,800
2014 $6,148 $307,400 $111,600 $195,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/10/2025 12/10/25 For Sale $1,395,000 -- $406 / Sq Ft
Source: Maine Listings

Source: Maine Listings

MLS Number: 1646114

Maine Listings

APN: PTLD-000014-000000-M005001