$1,900,000

Estimated payment $11,546/month

Total Views 6,512
-- Bed
3 Baths
2,665 Sq Ft
$713 Price per Sq Ft

Highlights

  • Ocean Front
  • Public Beach
  • Colonial Architecture
  • Nearby Water Access
  • 0.17 Acre Lot
  • Wood Flooring

About This Home

A Rare Opportunity in Portland's Most Sought-After Neighborhood! Nestled atop the iconic Munjoy Hill, this exceptional three-unit multi-family property offers a rare double lot on the corner of Atlantic and Monument Street—providing access from both streets. With stunning ocean views from the third floor and R6 zoning, the possibilities are endless! Whether you want to move in and generate rental income & enjoy the beautifully landscaped green space, expand the existing structure, build your dream home, or develop multiple condos, this property offers unmatched flexibility and potential. Located between Congress St & Fore St, you are within walking distance of the Eastern Promenade, East End Beach, scenic walking trails, award-winning restaurants, vibrant art galleries, and leading institutions like WEX and the Northeastern University Roux Institute.
Don't miss this rare chance to own a piece of Portland's most desirable real estate!

Listing Agent

Vanessa Greco

Portside Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,139

Year Built

  • Built in 1872

Lot Details

  • 7,405 Sq Ft Lot
  • Ocean Front
  • Public Beach
  • Corner Lot
  • Level Lot

Home Design

  • Colonial Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 3 Full Bathrooms
  • 2,665 Sq Ft Home
  • 3-Story Property
  • Water Views

Flooring

  • Wood
  • Tile
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Parking

  • Tandem Parking
  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Nearby Water Access
  • Patio

Location

  • City Lot

Utilities

  • Air Conditioning
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Listing and Financial Details

  • Legal Lot and Block 1 & 24 / E
  • Assessor Parcel Number PTLD-000016-E000001-000001

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $11,500
  • Gross Income $73,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,139

Year Built

Built in 1872

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.17
  • Road Surface Type: Paved
  • Water Body Name: Casco Bay
  • MLS Status: Active
  • Directions: Congress St to Atlantic St go 1 block property on right OR Fore St to Atlantic St property on left.
  • Above Grade Finished Sq Ft: 2665.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1872
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.17
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2665.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Gas:Natural - On Site: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 3
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 73500.0
  • Income Expenses Operating Expenses: 11500.0
  • Location:Near Public Beach: Yes
  • Style:Colonial: Yes
  • Parking:Paved3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Heat System:Direct Vent Heater: Yes
  • Exterior:Aluminum Siding: Yes
  • Cooling:AC Units: Yes
  • Building Info:_pound_ Floors3: 3
  • Parking:Tandem2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Bulkhead, Full, Exterior Entry, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Tile
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Level, Sidewalks, Intown, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Neighborhood
  • Waterfront Features: Ocean
  • Waterfront: No
  • Construction Type: Aluminum Siding, Wood Frame
  • Patio And Porch Features: Patio
  • Roof: Shingle
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, Off Street, Tandem

Utilities

  • Cooling: A/C Units
  • Cooling Y N: Yes
  • Heating: Direct Vent Heater
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7405.2
  • Parcel #: PTLD-000016-E000001-000001
  • Zoning: R6

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 73500.0
  • Annual Operating Expense: 11500.0

Tax Info

  • Tax Annual Amount: 12139.0
  • Tax Block: E
  • Tax Book Number: 23754
  • Tax Lot: 1 & 24
  • Tax Map Number: 16
  • 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 $12,139 $808,700 $362,100 $446,600
2023 $11,653 $808,700 $362,100 $446,600
2022 $11,006 $808,700 $362,100 $446,600
2021 $10,505 $808,700 $362,100 $446,600
2020 $7,119 $305,400 $112,300 $193,100
2019 $7,119 $305,400 $112,300 $193,100
2018 $6,865 $305,400 $112,300 $193,100
2017 $6,612 $305,400 $112,300 $193,100
2016 $6,447 $305,400 $112,300 $193,100
2015 $6,300 $305,400 $112,300 $193,100
2014 $6,108 $305,400 $112,300 $193,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2025 03/17/25 For Sale $1,900,000 -- $713 / Sq Ft
Source: Maine Listings

Deed History

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

Mortgage History

Date Status Loan Amount Loan Type
Closed $365,867 FHA
Closed $371,700 Purchase Money Mortgage
Source: Public Records

Source: Maine Listings

MLS Number: 1616141

Maine Listings

APN: PTLD-000016-000000-E001001