Courtesy: EXP Realty
888-439-8743
Excellent investment opportunity at 10 Lyons Street in Machias! This well-maintained five-unit property is fully rented and is comprised of a desirable mix of two studio apartments, two one-bedroom apartments, and one two-bedroom apartment. Utilities are included in the rents, and the property features a new propane wall-hung boiler, off-street parking, and a good-sized backyard, all situated on a quiet street close to downtown and local amenities. A large storage area at the rear of the first floor may offer potential for expansion of an existing unit or conversion into a sixth unit. Buyers are encouraged to verify all intended uses and conversion possibilities with the municipality regarding applicable zoning, code, and permitting requirements.
Courtesy: Elevate Maine Realty
207-331-4565
Excellent opportunity to own a versatile two-unit property in the heart of Machias! Whether you're looking to expand your investment portfolio, live in one unit while renting the other, or create a mixed-use property, this duplex offers flexibility and income potential in a highly convenient in-town location. The property features two separate 2-bedroom, 1-bath apartments, each with its own entrance and dedicated off-street parking. The first-floor unit offers convenient single-level living with a spacious living room, eat-in kitchen, full bath, and two bedrooms. The second-floor unit, accessed by a private exterior staircase, includes an open living and dining area, kitchen, full bath, and two bedrooms. Located just minutes from the University of Maine at Machias, Down East Community Hospital, shopping, restaurants, and downtown businesses, the property is well-positioned to attract long-term tenants. The first-floor unit has also previously been used for commercial purposes, offering additional possibilities for those seeking a live/work space or business opportunity (subject to local regulations). Whether you're an experienced investor or purchasing your first income property, this is a chance to own a well-located duplex in one of Downeast Maine's commercial and educational hubs. Enjoy nearby attractions including Roque Bluffs State Park, Jasper Beach, the Bold Coast Trail, and the many outdoor recreation opportunities that make the Machias area such a desirable place to live.
Courtesy: Real Broker
207-272-3954
A fully renovated three-unit building on a quiet street in Machias, with Machias River views and nothing left to do when you close. Unit C is the standout. Built in 1997, this 1,274-square-foot cape has three bedrooms, two baths, its own private basement with interior and walk-out access, and a living room window looking out over the river. Step out the side door and down to the lawn and the river is right there. The unit currently runs as an active short-term rental with documented annual income, but it works equally well as a long-term rental or as the owner's residence while the other two units carry the mortgage. Units A and B occupy the original structure, built in the mid-1800s. Both are two-bedroom units configured for year-round month-to-month tenants. Unit A is 920 square feet with its own basement. Unit B is 815 square feet. The seller is actively placing tenants in both before closing. All three units have been fully renovated. New flooring, trim, cabinets, and countertops throughout, all well installed and in excellent condition. Everything is done. The only decision left is what to do with it.
Courtesy: Better Homes & Gardens Real Estate/The Masiello Group
207-255-8133
This exquisitvely maintained 3-story commercial building represents a unique business opportunity! As this beautiful river front historical town enters a new period of growth and restoration, this commercial and residential building dominates the central walking riverfront & Bad Little Falls Park (Main Street), and business district. This location is central to concerts, events, shopping, restaurants, and banking (just a gentle stroll). The building (13,226 sq. Ft.) houses 6 street entry level commercial spaces and 4 apartments (2-1 bdrm, 2-2 bdrm). This business is proud to say that there is (and has been consisently) 100% occupancy, and it is profitable. The building's striking architecture is visible from most in-town locations, and it's historical value is invaluable. Note: Income/Expenses for apartments & commercial spaces combined are available to qualified buyers.
Machias is located in Maine. Machias, Maine has a population of 2,054. Machias is more family-centric than the surrounding county with 24.55% of the households containing married families with children. The county average for households married with children is 22.5%.
The median household income in Machias, Maine is $23,525. The median household income for the surrounding county is $46,689 compared to the national median of $69,021. The median age of people living in Machias is 40.7 years.
The average high temperature in July is 75.4 degrees, with an average low temperature in January of 9.6 degrees. The average rainfall is approximately 51.3 inches per year, with 65.1 inches of snow per year.
