Courtesy: Dream Home Realty LLC
207-300-4663
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, 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.
Courtesy: Coldwell Banker Realty
207-725-8522
Rare multi-unit investment located in the heart of Belfast's vibrant downtown district. This versatile property offers immediate cash flow with a 100% occupancy rate across five residential units and one commercial office space One 2BR unit, two 1BR units and two efficiency apartments. Commercial Space includes a dedicated office suite, perfect for professional services or small business rental. All units are currently rented, providing a turnkey opportunity for the next owner. Situated less than .2 miles from Belfast Harbor, this property offers a premier coastal location. Tenants enjoy amenities within less than .2 of property Within a few hundred yards of downtown's top restaurants and cafes. Less than a mile to City Park, local beaches, and the waterfront. Immediate proximity to boating, public docks, and the harbor walk. Less than one mile to the hospital and city services. The city is currently in the process of leveling the adjacent building at 74 High Street. The building at 74 High Street, next to 78 High Street, is set to be demolished in early spring. It is owned by the city. It was a 10,000 square foot nursing home. Its zoning consists of nursing home, elderly care, apartment building and a professional building. The parking laws and restrictions prevent these uses without purchasing 78 High Street. The town is seeking a contractor to buy it from them and build something useful.
Courtesy: Two Rivers Realty, LLC
207-469-9930
Vintage 4-unit house in historic Belfast with a long history of family ownership. Located in an excellent rental location near shopping, restaurants, galleries, the Belfast harbor and waterfront, and only 1 mile from a small airport. This property also offers many beautiful antique features, such as hardwood floors, ornate ceilings, period radiators & carved woodwork. Currently configured for 4 one-bedroom apartments, this historic home offers many possibilities. Continue as an income-producing property, convert to its original single-family residence or a residence with an in-law apartment or home business. A solid income property in an excellent location! Make this your special home along coastal Maine and enjoy the social & cultural life it is known for. (Being offered w/ full acreage, .78 AC for $795.000 MLS 1628989
Courtesy: Two Rivers Realty, LLC
207-469-9930
Vintage 4-unit house in historic Belfast with a long history of family ownership. Located in an excellent rental location on an oversized city lot, near shopping, restaurants, galleries, the Belfast harbor and waterfront, and only 1 mile from a small airport. This property also offers many beautiful antique features, such as hardwood floors, ornate ceilings, period radiators & carved woodwork. Currently configured for 4 one-bedroom apartments, this historic home offers many possibilities. Continue as an income-producing property, convert to its original single-family residence or a residence with an in-law apartment or home business. Lot may also be subdivided with city approval for additional value! A solid income property in an excellent location! Make this your special home along coastal Maine and enjoy the social & cultural life it is known for. (Being offered w/ less acreage, +/-.25 AC for $595.000)
Belfast is located in Maine. Belfast, Maine has a population of 6,890. Belfast is less family-centric than the surrounding county with 13.74% of the households containing married families with children. The county average for households married with children is 23.46%.
The median household income in Belfast, Maine is $55,900. The median household income for the surrounding county is $59,880 compared to the national median of $69,021. The median age of people living in Belfast is 60.1 years.
The average high temperature in July is 77.1 degrees, with an average low temperature in January of 9.1 degrees. The average rainfall is approximately 47.8 inches per year, with 62.8 inches of snow per year.
