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32 Melbourne Street, Portland, ME 04101

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For Sale

$1,195,000

3 beds • 1 baths • 1,617 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • $739.02
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Amenities

Explore this Property

Tucked away on one of Munjoy Hill's most peaceful streets, 32 Melbourne Street captures the essence of Portland's East Endâ 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 lotâ approximately 3,675 square feetâ 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 accessâ 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 with this unique property in one of Portland's most inspiring neighborhoods.
MLS# 1643189

Courtesy Of Benchmark Real Estate
72 Pine Street, Portland, ME 04102
(207) 775-0248

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Porch, Basement
  • Architecture Style
    Other
  • Exterior Type
    Vinyl Siding
  • Floor Covering
    Laminate, Wood
  • Heating System
    Forced Air, Baseboard
  • Lot Size
    0.08 Acres
  • Rooms
    Dining Room

Map and Directions

Directions to 32 Melbourne Street, Portland, ME 04101

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.