About this home
A truly exceptional opportunity in the heart of Munjoy Hill, one of Portland's most coveted neighborhoods. This beautifully updated three-unit property offers the rare combination of refined owner-occupied living and strong investment potential, all just moments from the acclaimed restaurants, cafés, breweries, and boutiques of Washington Avenue and the sweeping waterfront beauty of the Eastern Promenade. Occupying the entire third floor, the owner's residence has been thoughtfully reimagined with sophisticated finishes and modern comforts. A stunning designer kitchen, spacious spa-inspired bath, and energy-efficient heat pump create an inviting retreat above the city. The living room is bathed in natural light and captures breathtaking sunset views. Seasonal glimpses of Casco Bay provide a constant reminder of Portland's coastal charm. The first- and second-floor apartments have been tastefully renovated, featuring attractive kitchens, updated baths, and in-unit laundry facilities. Each residence enjoys its own private outdoor deck space and access to a charming backyard oasis—an uncommon amenity in this vibrant urban setting. Additional highlights include a one year old high efficiency gas boiler and three deeded off-street parking spaces, a highly sought-after convenience on Munjoy Hill. The current rental income provides immediate value with future upside potential, and the property's owner-occupied unit offers the benefit of exemption from Portland's rent control ordinance. Whether you're seeking an elegant urban residence with income-producing apartments, a multigenerational living arrangement, or a premier investment in one of Maine's most desirable real estate markets, this remarkable property delivers a lifestyle and opportunity that rarely come to market.
Listing last checked: Listing updated:
Listed by Listing Agent · Cottage & Co Real Estate · MLS #1682214
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Details at a glance
Interior3 property facts
- Heating
- Baseboard, Forced Air, Hot Water
- Cooling
- None, Heat Pump
- Flooring
- Tile, Wood
Building4 property facts
- Style
- Other
- Year built
- 1875
- Garage
- 0
- Roof
- Membrane
Land & utilities4 property facts
- Lot size
- 0.07 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- R6
Financial2 property facts
- Annual taxes
- $12,955
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $1,025,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$6,263 / monthAdjust
- Principal & interest
- $5,183
- Property tax
- $1,080
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $12,955. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 178 Congress Street
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Request a tour of 178 Congress Street and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Are property documents available?
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