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Four-Unit Quadplex with Conversion Potential
For Sale
$140,000

31 Main Street, Limestone, ME 04750

Multi-Family, Limestone, ME

Property Size4,250 SF
Lot Size0.22 Acres
Price / SF$32.94
Days on Market155

Property Features for 31 Main Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Com.
Bathrooms 8
Full bathrooms 8
Rooms Bathroom 5, Basement, Bathroom 8, Bathroom 3, Bathroom 7, Bathroom 6, Bathroom 4, Bathroom 2, Bathroom 1
Parking features Off Street
Basement Unfinished, Full
Lot features Rolling/ Sloping, Open, Corner Lot, Intown
Standard status Active
Size 4,250 SF
Lot size 0.22 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 3028

Utilities

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

Building Details

Year built 1940
Number of units 4
Flooring type Laminate, Wood, Vinyl
Building materials Wood Frame, Vinyl Siding
Roof type Metal
Listing Agency: Dobbs Realty
Listed By: Frederick Dobbs
Added: Apr 4 Changed: Sep 3 Last Checked: Sep 5 at 10:06PM
MLS# 1650357

Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Located at 31 Main Street in Limestone, Maine, this 4,250-square-foot quadplex contains four two-bedroom, two-bath units. The property sits on 0.22 acres and was built in 1940, with wood-frame construction, vinyl siding, metal roofing, and a mix of laminate, wood, and vinyl flooring. The existing configuration can be converted back to eight units.

The building is served by public water and public sewer and includes oil-fired hot-water baseboard heating. Off-street parking is provided, and the property is identified with commercial zoning. Basement space and multiple bathrooms are included among the building’s rooms and improvements.

Key Highlights

  • Four two‑bedroom, two‑bath units within a 4,250‑square‑foot property
  • Existing layout can be converted back to 8 units
  • 0.22‑acre lot at 31 Main Street, Limestone, ME 04750

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage Auto Repair Shop Auto Parts Store Hair Salon Big Box & Wholesale Store Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

56
Businesses Nearby

Demographics for 04750, ME

1,817
Population
1,033
Households
1.8
Avg Household Size
48
Median Age
18%
College-Educated
90%
High-School Grad
78.4 sq mi
ZIP Area
23
Density / Sq Mi
$43,750
Median Household Income
$33,462
Median Earnings
$781
Median Rent
$93,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Wood-frame property offers two-bedroom, two-bath layouts, public utilities, and off-street parking.
Where is this quadplex located?
The property is located at 31 Main Street Limestone, ME.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Four two‑bedroom, two‑bath units within a 4,250‑square‑foot property; Existing layout can be converted back to 8 units; 0.22‑acre lot at 31 Main Street, Limestone, ME 04750
More about this property
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