183-185 Main ST Belfast, ME 04915
8 Baths
6,700 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 6,700 sqft
MLS Listing ID 1649465
Style Colonial
Full Baths 8
HOA Y/N No
Abv Grd Liv Area 6,700
Year Built 1858
Annual Tax Amount $6,552
Tax Year 2025
Lot Size 0.340 Acres
Acres 0.34
Source Maine Listings
Land Area 6700
Property Description
Per municipal records, the property is assessed as a four (4) unit multifamily. The property has been operated as an eight (8) unit residential rental for approximately 20 years, consisting of seven (7) one-bedroom units and one (1) two-bedroom unit. Buyer to perform all due diligence regarding unit count, zoning, fire/life safety, and permitted use.
Current in-place monthly income is approximately $6,850, with one unit currently owner-occupied. Market rents support approximately $1,100/month for one-bedroom units and $1,400/month for the two-bedroom unit, including the owner-occupied unit. Upon lease-up and stabilization, the property supports an estimated additional $3,900/month, for a total stabilized monthly income of approximately $10,750±, offering clear upside through rent optimization.
The offering includes two separate buildings on one parcel, providing flexibility for ownership, management, and future improvements. Strong downtown rental demand, Main Street frontage, and proximity to Route 1 contribute to long-term investment appeal.
This property is well-suited for investors seeking a stable downtown asset with in-place income and identifiable upside. Property offered as-is.
Location
State ME
County Waldo
Zoning R 10
Rooms
Basement Interior, Walk-Out Access, Partial, Bulkhead, Exterior Only
Interior
Heating Hot Water, Direct Vent Furnace
Cooling None
Flooring Wood, Vinyl, Tile, Other, Laminate
Exterior
Parking Features 5 - 10 Spaces, Common
Utilities Available 1
View Y/N No
Roof Type Metal
Street Surface Paved
Garage No
Building
Lot Description Open, Level, Intown
Foundation Stone, Pillar/Post/Pier
Sewer Public Sewer
Water Public
Architectural Style Colonial
Structure Type Vinyl Siding,Wood Frame
Others
Energy Description Oil, Gas Bottled
