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Bean Group
Offered at $199,000Active
beds
—
baths
4
sq ft
3,485
Built
1970

235 Bates Street

Millinocket, ME 04462

About this home

Located at 235 Bates Street in Millinocket, Maine, this versatile multi-unit property presents an excellent opportunity for investors or owner-occupants looking to be part of one of Maine's premier four-season recreational destinations. Featuring three turnkey residential units, the property offers flexibility, convenience, and future potential. The upstairs unit includes three bedrooms, one full bath, a kitchen, living room, dining room, and private entrance. The first floor features a two-bedroom unit with a full kitchen and bath, plus a separate one-bedroom unit with a kitchen, living room, and full bath. Numerous updates have been completed over the years. An added bonus is a potential fourth unit currently used for storage, featuring a half bath and possibilities for future residential conversion or other uses, subject to applicable approvals. Situated on approximately one-third of an acre, the property boasts 130 feet of frontage on Smith Brook, a pleasant meandering brook running through town. Stores and everyday amenities are within walking distance. Millinocket is known as the gateway to Mount Katahdin and Baxter State Park, offering spectacular mountain scenery, hiking, and outdoor adventure. Nearby Katahdin Woods and Waters National Monument and the Katahdin Woods & Waters National Scenic Byway showcase the region's forests, wildlife, and natural beauty. The area also features the Pemadumcook Chain of Lakes, including South Twin, North Twin, Ambajejus, Elbow, and Pemadumcook Lakes, along with the Penobscot River and its renowned whitewater adventures. Enjoy boating, fishing, kayaking, canoeing, camping, hiking, cycling, ATV riding, and snowmobiling throughout the region. With three ready-to-go living units, additional potential, an in-town location, and year-round recreation nearby, 235 Bates Street is a property worth exploring.

Listing last checked: Listing updated:

Listed by Listing Agent · Acres Away, Inc. · MLS #1684552

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Details at a glance

Interior4 property facts
Heating
Electric, Oil, Baseboard
Cooling
None
Flooring
Carpet, Laminate, Vinyl
Fireplaces
0
Building5 property facts
Style
Other
Year built
1970
Garage
0
Foundation
Slab
Roof
Shingle
Land & utilities5 property facts
Lot size
0.3 acres
Water
Public
Sewer
Public Sewer
Waterfront
Y
Zoning
See Town
Financial2 property facts
Annual taxes
$3,006
Assessment year
2025

Location

Estimated monthly cost

Explore costs at the $199,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$1,257 / monthAdjust
Principal & interest
$1,006
Property tax
$251
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $3,006. 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 235 Bates Street

Can I request a private showing?

Request a tour of 235 Bates 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?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.