Rockland
$1,500,020
85 Union Street
mls: 1667188
Bathrooms: 11
Year Built: 1880
Sq Footage: 11,820
Lot Size: 0.26
Taxes: $16,393
Status: Active

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.

Listed by: Keller Williams Realty

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.

Listed by: Keller Williams Realty

Above Grade Finished Area
11820.00
Accessibility Features
Appliances
Architectural Style
Other
Basement
Exterior Entry, Unfinished
Bathrooms Full
11
Bathrooms Total Integer
11
Below Grade Finished Area
0.00
Body Type
Building Area Total
11820.00
Construction Materials
Wood Frame, Vinyl Siding
Cooling
Central Air
Cooling Yes/No
1
Electric
Unknown
Exterior Features
Flooring
Wood
Foundation Details
Other
Green Energy Efficient
Heating
Gas Natural, Hot Water
Heating Yes/No
1
Interior Features
Laundry Features
Lot Features
Business District, Near Shopping, Near Town, Open Lot
Lot Size Acres
0.2600
Other Equipment
Other Structures
Parking Features
Paved, 5 - 10 Spaces
Patio And Porch Features
Pets Allowed
Property Condition
Roof
Other
Sewer
Unknown
Tax Annual Amount
16393.00
Utilities
Water Source
Unknown
Waterfront Features
Year Built
1880
Zoning
00