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  • Price cut: $46K (3/5)
    $849,000

    32 Melbourne Street, Portland, ME 04101

    --beds
    --baths
    3,484.8Square Feet
    Land
    Built in ----
    3,484.8 Square Feet Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    70 days
    |
    843
    |
    41
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    Zillow last checked: 7 hours ago

    Listing updated: March 18, 2026 at 09:36am

    Listed by:

    Benchmark Real Estate

    Source: Maine Listings,MLS#: 1650824MLS Logo

      Facts & features

      Property

      Lot
      • Size: 3,484.8 Square Feet
      Details
      • Parcel number: PTLDM014BL004001
      • Zoning: RN-4

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Utilities On

      Community & HOA

      Community
      • Subdivision: Munjoy Hill Neighborhood East End
      Location
      • Region: Portland

      Financial & listing details

      • Tax assessed value: $582,000
      • Annual tax amount: $9,623
      • Date on market: 1/31/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        Price history
        DateEventPrice
        3/5/2026Price change$849,000-5.1%
        Source: Maine Listings #1650824 Report a problem
        3/2/2026Price change$895,000-10.1%
        Source: Maine Listings #1650824 Report a problem
        2/16/2026Price change$995,000-9.1%
        Source: Maine Listings #1650824 Report a problem
        2/10/2026Price change$1,095,000-8.4%
        Source: Maine Listings #1650824 Report a problem
        11/10/2025Listed for sale$1,195,000
        Source: Maine Listings #1643189 Report a problem
        2/5/2022Listing removed--
        Source: Zillow Rental Manager Report a problem
        1/13/2022Listed for rent$3,600
        Source: Zillow Rental Manager Report a problem
        1/3/2022Listing removed--
        Source: Zillow Rental Manager Report a problem
        12/17/2021Listed for rent$3,600+38.5%
        Source: Zillow Rental Manager Report a problem
        3/24/2021Listing removed--
        Source: Owner Report a problem
        8/22/2019Listing removed$2,600
        Source: Owner Report a problem
        8/12/2019Price change$2,600-11.9%
        Source: Owner Report a problem
        7/27/2019Listed for rent$2,950+7.3%
        Source: Owner Report a problem
        2/20/2018Listing removed$2,750
        Source: Owner Report a problem
        1/17/2018Price change$2,750+12.2%
        Source: Owner Report a problem
        12/6/2017Price change$2,450+8.9%
        Source: Owner Report a problem
        9/16/2017Listed for rent$2,250
        Source: Owner Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2024$8,387 $582,000
        2023$8,387 +5.9%$582,000
        2022$7,921 +56.2%$582,000 +167.5%
        2020$5,072 $217,600
        2019$5,072 +3.7%$217,600
        2018$4,892 +3.8%$217,600
        2017$4,711 +2.5%$217,600
        2016$4,594 +2.3%$217,600
        2015$4,489 +3.1%$217,600
        2014$4,352 +3%$217,600
        2013$4,224 +3.2%$217,600
        2012$4,095 +2.9%$217,600
        2011$3,978 +3.1%$217,600
        2009$3,860 $217,600
        2008$3,860 +8.8%$217,600
        2006$3,549 $217,600

        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment*
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: East End

        Getting around

        84 / 100
        Very Walkable
        42 / 100
        Some Transit
        83 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

        Local experts in 04101

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