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    159 Waldo Ave Belfast, ME 04915

    New
    For Sale
    $389,000

    MULTI_FAMILY - Colonial - Belfast, ME

    Property size:
    2,496 SF
    Lot size:
    0.46 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 159 Waldo Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Mixed Use
    Rooms
    Bathroom 3, Bathroom 1, Bathroom 2, Basement
    Parking features
    Off Street
    Patio and Porch features
    Porch
    Interior features
    1st Floor Bedroom, Shower
    Basement
    Full, Walk-Out Access, Unfinished
    Size
    2,496 SF
    Lot size
    0.46 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Hot Water(Heating), Baseboard
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Vinyl, Carpet, Tile
    Building materials
    Wood Siding, Clapboard, Wood Frame
    Roof type
    Shingle, Metal
    Architectural style
    Colonial
    Additional Structures
    Outbuilding

    Better Homes and Gardens Real Estate The Masiello Group (603) 283-1914 [email protected]

    Listing agent Nancy Falvey (207) 338-3500

    Listing date Dec 2, 2025

    MLS# 1641846 Listing URL

    Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Belfast Multi-Family Income Opportunity

    This three-family property is located near the center of Belfast. The main house includes two apartments, each featuring two bedrooms, one full bath, and stackable washer and dryer units. There is ample parking available. A separate building on the property contains a one-bedroom, one-bath apartment with a workshop area on the ground level, suitable for a craftsman or hobbyist. The property is being sold as is. Tenants are responsible for their own electric and heating expenses. The lot size is 0.46 acres. The property size is 2496 square feet. This property presents an opportunity for investment, multi-generational living, or owner-occupancy with rental income from the other two units. The property is zoned for mixed use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Building Supply Nail Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Belfast
    County
    Waldo
    State
    Maine
    Longitude
    -69.01981
    Latitude
    44.433132

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    FAQs

    What type of property is this?
    Triplex - Three-unit property near downtown Belfast with income potential.
    Where is this triplex located?
    The property is located at 159 Waldo Ave Belfast, ME.
    What is the asking price?
    The asking price for this property is $389,000.
    What are key features of this property?
    This property features: - Three-unit property ideal for owner-occupancy with rental income.; - Located near downtown Belfast.; - Includes a separate 1BR/1BA apartment with workshop space.
    (207) 338-3500
    Request Owner's contact information
    159 Waldo Ave Belfast, ME 04915
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    Belfast, ME 04915
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    159 Waldo Ave Belfast, ME 04915
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