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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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178 Congress St , Portland, ME 04101
$1,025,000
Est. Payment: $5,505.69/mo
3 Bath
3200 Sqft
0.07 Acres
Status: active | Days on site: 6
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House Description

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.

Highlights

Listed by Laurel LaBauve , 207-233-5573 and Jason Bisson , 207-653-1188 Cottage & Co Real Estate , 207-653-1188. Maine Real Estate Information System, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
0.07

Year Built

1875

County

Cumberland

Neighborhood

East End

Listing ID

1682214

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Air Cond:Heat Pump
Fireplaces:
Floor:Tile,Wood
Above Ground Sq Ft:3200
Basement:Doghouse,Exterior Entry,Walk-Out Access,Full,Unfinished
Water:Public

Exterior Features

Lot:Business District,Intown,Near Shopping,Neighborhood,Sidewalks,Landscaped
Zoning:R6
Roof:Membrane
Sewer:Public Sewer
Parking Features:Paved,1 - 4 Spaces,Off Street
Principal Interest
$5,506
Taxes
$1,080

Home Price

$1,025,000

Loan Details

30 yrs
7.091%

Down Payment

20%
$205,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,505.69

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,505.69 $1,079.58 $0.00 $6,585.27
Yearly $66,068.24 $12,955.00 $0.00 $79,023.24
Total $1,982,047.21 $388,650.00 $0.00 $2,370,697.21

Today's Rates

30 Year

7.09%

20 Year

7.19%

15 Year

6.59%

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Market insight data is pulled from the same city as the listing being viewed (Portland, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Listing data is derived in whole or in part from the Maine IDX & is for consumers personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.


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Data last updated: 2026-10-31T23:58:42.000Z

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