183-185 Main Street, Belfast, ME 04915
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
183-185 Main Street,Belfast, ME 04915
$779,999
- - Beds
- 8 Baths
- 6,700 sq. ft.
- Multi-family
- Active
Listed by: zachariah oja
Office: dream home realty llc.
MLS#:1649465
Source:ME_MREIS
Price summary
- Price:$779,999
- Price per sq. ft.:$116.42
About this home
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.
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Home facts
- Year built:1858
- Listing ID #:1649465
- Updated:February 10, 2026 at 04:34 PM
Rooms and interior
- Total bathrooms:8
- Full bathrooms:8
- Flooring:Laminate, Tile, Vinyl, Wood
- Basement Description:Bulkhead, Exterior Only, Partial, Walk-Out Access
- Living area:6,700 sq. ft.
Heating and cooling
- Heating:Direct Vent Furnace, Hot Water
Structure and exterior
- Year built:1858
- Building area:6,700 sq. ft.
- Lot area:0.34 Acres
- Lot Features:Intown, Level, Open
- Architectural Style:Colonial
- Construction Materials:Vinyl Siding, Wood Frame
- Foundation Description:Pillar/Post/Pier, Stone
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$779,999
- Price per sq. ft.:$116.42
- Tax amount:$6,552 (2025)
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