183-185 Main Street, Belfast, ME 04915
Local realty services provided by:ERA Dawson-Bradford Co., REALTORS
183-185 Main Street,Belfast, ME 04915
$699,999
- - 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:$699,999
- Price per sq. ft.:$104.48
About this home
Welcome to 183-185 Main Street, a two-building multifamily investment opportunity in the heart of downtown Belfast. The property totals approximately 6,700± square feet and offers walkable access to the waterfront, restaurants, shops, and local amenities.
Per municipal records, the property is assessed as a four (4) unit multifamily, but it has been operated as an eight (8) unit residential rental for approximately 20 years, consisting of six (6) one-bedroom units and two (2) two-bedroom units. The City of Belfast recently conducted an inspection confirming the current layout exceeds the originally approved unit count. The city has outlined potential paths forward, including working with Code Enforcement to permit additional units where allowable or modifying the configuration to comply with prior approvals. Buyer to perform due diligence regarding unit count, zoning, and life safety requirements.
Current in-place monthly income is approximately $6,850, with one unit owner-occupied. Market rents support approximately $1,100/month for one-bedroom units and $1,400/month for two-bedroom units, supporting a stabilized monthly income of approximately $10,750±.
Two buildings on one parcel, strong downtown rental demand, and Main Street frontage create a compelling value-add opportunity. Property offered as-is.
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Home facts
- Year built:1858
- Listing ID #:1649465
- Updated:March 11, 2026 at 06:51 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:$699,999
- Price per sq. ft.:$104.48
- Tax amount:$6,552 (2025)
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