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Listed by Edward Baldacci Keller Williams Realty
$1,500,020
Est. payment /mo
11 Baths
11,820 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,820 sqft
Price per Sqft $126
MLS Listing ID 1667188
Full Baths 11
HOA Y/N No
Year Built 1880
Tax Year 2025
Lot Size 0.260 Acres
Acres 0.26
Source Maine Listings
Land Area 11820
Property Description
Exceptional multifamily investment opportunity in the heart of Rockland. 85 Union Street is an 11-unit apartment building comprised of seven one-bedroom units and four two-bedroom units, ideally situated just moments from downtown Rockland's thriving waterfront, restaurants, retail destinations, and employment centers.
The property features attractive, well-maintained renovated units with numerous updates, offering investors a stable asset in one of Midcoast Maine's strongest and most desirable rental markets. Current rents provide the opportunity for future growth, allowing investors to unlock additional value through strategic rent increases while benefiting from reliable in-place cash flow.
Located in a highly walkable neighborhood with strong tenant demand, 85 Union Street offers an appealing combination of location, quality, and upside potential. The property's proximity to downtown amenities, healthcare services, and major employers continues to support long-term occupancy and rental growth.
85 Union Street is being offered as part of a larger three-building, 27-unit Rockland multifamily portfolio, with all properties located in close proximity to one another. Investors have the opportunity to acquire an individual asset or pursue additional scale through the portfolio offering.
A rare opportunity to acquire a well-positioned multifamily property in a supply-constrained market with a desirable unit mix, immediate income, and long-term upside potential.
The property features attractive, well-maintained renovated units with numerous updates, offering investors a stable asset in one of Midcoast Maine's strongest and most desirable rental markets. Current rents provide the opportunity for future growth, allowing investors to unlock additional value through strategic rent increases while benefiting from reliable in-place cash flow.
Located in a highly walkable neighborhood with strong tenant demand, 85 Union Street offers an appealing combination of location, quality, and upside potential. The property's proximity to downtown amenities, healthcare services, and major employers continues to support long-term occupancy and rental growth.
85 Union Street is being offered as part of a larger three-building, 27-unit Rockland multifamily portfolio, with all properties located in close proximity to one another. Investors have the opportunity to acquire an individual asset or pursue additional scale through the portfolio offering.
A rare opportunity to acquire a well-positioned multifamily property in a supply-constrained market with a desirable unit mix, immediate income, and long-term upside potential.
Location
State ME
County Knox
Rooms
Basement Exterior Entry, Unfinished
Interior
Heating Gas Natural, Hot Water
Cooling Central Air
Flooring Wood
Exterior
Parking Features Paved, 5 - 10 Spaces
Roof Type Other
Garage No
Building
Lot Description Business District, Near Shopping, Near Town, Open Lot
Entry Level Multi-Level
Foundation Other
Water Unknown
Architectural Style Other
Others
Tax ID ROCD-000004D-000000-017000
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Nearby School & Business