183-185 Main Street
Belfast, ME 04915
Baths
8
Square Ft.
6,700
$779,999
Welcome to 183-185 Main St, a compelling opportunity to acquire a two-building multifamily property located in the heart of downtown Belfast. The property totals approximately 6,700± square feet and is positioned directly on Main Street, offering walkable access to the waterfront, restaurants, shops, and local amenities. Per municipal records,… Read More 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. Read Less
Courtesy of Dream Home Realty LLC 207-300-4663
Listing Snapshot
Days Online
7
Last Updated
Full Baths
8
Square Ft.
6,700
Lot Size
0.34 Acres
Year Built
1858
MLS Number
1649465
Additional Details
Property Access
Road Surface Type: "Paved"
Basement
Basement: "Interior", "Walk-Out Access", "Partial", "Bulkhead", "Exterior Only"
Building
Architectural Style: "Colonial", Building Area Total: 6,700, Construction Materials: "Vinyl Siding", "Wood Frame", Number Of Units Total: 4, Year Built: 1858
Cooling
Cooling: "None"
Expenses
Operating Expense: $0
Floors
Flooring: "Wood", "Vinyl", "Tile", "Other", "Laminate"
Foundation
Foundation Details: "Stone", "Pillar/Post/Pier"
Heating
Heating: "Hot Water", "Direct Vent Furnace", Heating Included
Income
Gross Income: $6,850
Lot
Features: "Open", "Level", "Intown", 0.34 acres, Area: 0.34, 14,810 square feet
Parking
Features: "5 - 10 Spaces", "Common"
Property
Parcel Number: BELF-000011-000000-000215, Zoning: R 10
Roof
Roof: "Metal"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $6,552, Tax Lot: 215
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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Zachariah Oja
REALTOR®

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

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