About this home
Exceptional multi-unit investment opportunity in the heart of downtown Belfast. This fully occupied property delivers immediate, stable cash flow with five residential units and one commercial office space, all currently rented. A rare turnkey asset in one of Maine's strongest coastal markets. The residential mix includes one 2BR, two 1BR units, and two efficiency apartments, offering strong rental diversity and consistent demand. The commercial suite provides an ideal setup for professional services or a small business tenant. Located less than 0.2 miles from Belfast Harbor, this property offers unmatched walkability. Tenants enjoy quick access to downtown restaurants, cafés, shops, the harbor walk, public docks, and waterfront amenities. City Park, local beaches, and the hospital are all within a mile, making this one of Belfast's most desirable and convenient locations. Property is also 1 mile the Belfast airport. The building has seen thoughtful updates, including a four-year-old roof, recent boiler replacement and recent improvements that enhance safety, durability, and long-term performance. This is a rare chance to acquire a fully stabilized, income-producing multi-unit property in a premier coastal location with strong appreciation potential and zero downtime.
Listing last checked: Listing updated:
Listed by Listing Agent · Coldwell Banker Realty · MLS #1649147
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Details at a glance
Interior4 property facts
- Heating
- Oil, Baseboard, Hot Water
- Cooling
- None
- Flooring
- Other, Wood
- Fireplaces
- 0
Building4 property facts
- Style
- Other
- Year built
- 1912
- Foundation
- Granite,Poured Concrete
- Roof
- Shingle
Land & utilities4 property facts
- Lot size
- 0.19 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- R2
Financial2 property facts
- Annual taxes
- $6,190
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $695,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$4,030 / monthAdjust
- Principal & interest
- $3,514
- Property tax
- $516
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $6,190. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 78 High Street
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Request a tour of 78 High Street and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Are property documents available?
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