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32 Melbourne Street, Portland, ME 04101

$829,000
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Active
LOT SIZE 0.080 acres MLS#1650824
STATUSActive PROPERTY TYPELand - Residential SCHOOLPortland Public Schools

Property Description

NOT in Historic District | Prime for 5 Unit Development. Tucked away on one of Munjoy Hill's most peaceful streets, 32 Melbourne Street captures the essence of Portland's East End?connected, calm, and full of character. The home's original lines remain beautifully intact, while the lot itself is open, sunny, and inviting. The home offers just over 1,600 square feet with three bedrooms and one full baths. It's comfortable and move-in ready, yet the real story here is one of potential and possibility. Sitting on a 0.0844-acre lot?approximately 3,675 square feet?in Portland's desirable RN4 zone, the property holds special development appeal. In this zone, just 725 square feet of lot area are required per dwelling unit, meaning this site could support up to five residential units. Attention developers: this is a rare opportunity for a quality-minded multi-family owner, investor, or visionary builder to create a purposeful condominium or small-scale residential project for resale or personal use. Because the property lies outside the constraints of the historic district, you have freedom to restore, expand, or reimagine without limitation. Imagine living just steps from Maine's bold coast, one block from the Olmsted-designed East End Park with its tennis courts, ball fields, community gardens, walking paths, and sandy beach. You're connected by trails to Back Cove and the Old Port and just moments from Washington Avenue and East Bayside's lively mix of shops, breweries, and boutiques. The location offers both serenity and access?walkable to downtown Portland, the working waterfront, and near major employers and the forthcoming Root Institute across the bridge. From the upper floors, enjoy sweeping, open ocean and inner Casco Bay views stretching across the islands, with potential for panoramic vistas toward Mount Washington and the western mountains. Whether you honor the home's timeless charm or develop something entirely new, opportunities abound.

32 Melbourne Street | MLS# 1650824

This land located at 32 Melbourne Street, Portland, ME 04101 is currently listed for sale with an asking price of $829,000. The property has approximately 0.08 Acres. Melbourne Street is located within the Portland Public Schools school district. Search Portland real estate on www.masiellogrouprealestate.com today.

Property Features

Property Type: Land - Residential
Lot Size: 0.08 Acres
Taxes: $9,623

Feature Descriptions

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public

Local Schools

School District: Portland Public Schools

Listed By / Shown By

Listed By

Agency Name: Benchmark Real Estate
Agency Phone: 207-775-0248
Agent Name: Thomas Landry

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$ 2,888.70 per month $1,844.99 Principal & Interest $801.92 Property Tax $241.79 Homeowner's Insurance

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