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Two-Unit Colonial Property
For Sale
$214,444

371 Main Street, Old Town, ME 04468

Multi-Family, Old Town, ME

Property Size3,168 SF
Lot Size0.30 Acres
Price / SF$67.69
Days on Market29

Property Features for 371 Main Street

General Information

Property type Residential Multi Family
Property subtype Other
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Basement, Bathroom 2
Parking features Off Street
Patio and Porch features Patio, Porch
Interior features 1st Floor Bedroom, Attic
Basement Walk-Out Access, Full, Daylight, Unfinished
Lot features Open, Corner Lot, Level, Wooded, Intown, Near Shopping
Standard status Active
Size 3,168 SF
Lot size 0.30 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 3890

Utilities

Sewer type Public Sewer
Heating system Baseboard, Zoned, Natural Gas, Other (Heating), Hot Water(Heating)
Water source Public
Water front features Stream

Building Details

Year built 1900
Number of units 2
Flooring type Laminate, Vinyl, Carpet, Wood
Building materials Masonry, Wood Frame, Brick
Roof type Shingle
Architectural style Colonial, Federal
Listing Agency: Better Homes & Gardens Real Estate/The Masiello Group · Better Homes and Gardens Real Estate
Listed By: Scott Basso
Added: Jul 29 Changed: Aug 19 Last Checked: Aug 26 at 1:06PM
MLS# 1662520

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.

This 1900 Colonial/Federal-style duplex contains 3,168 square feet on a 0.3-acre lot. The property includes two units, a sunroom or utility room, an attic with two rooms, and an unfinished daylight basement. Five fireplaces remain in place but are not in use. Additional features include a shingle roof, masonry, wood-frame and brick construction, wood and laminate flooring, public water and sewer, natural gas hot-water baseboard heating, and off-street parking. The home is being sold as-is.

Located in Old Town at 371 Main Street, the property sits near downtown restaurants, shops, a waterfront park, a boat launch, and the airport. The University of Maine’s Orono campus Park Street entrance is 3.2 miles west. The surrounding area also includes bike paths, hiking and ski trails, schools, and parks.

Key Highlights

  • 3,168‑square‑foot duplex on a 0.3‑acre lot
  • Built in 1900 with Colonial and Federal architectural styles
  • Two residential units with a sunroom or utility room and attic containing two rooms

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Storage Facility Big Box & Wholesale Store

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

2
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

268
Businesses Nearby

Demographics for 04468, ME

8,801
Population
4,664
Households
1.9
Avg Household Size
38
Median Age
33%
College-Educated
96%
High-School Grad
122.8 sq mi
ZIP Area
72
Density / Sq Mi
$51,063
Median Household Income
$36,005
Median Earnings
$980
Median Rent
$182,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Duplex - Public water and sewer support this two-unit property with off-street parking and natural gas baseboard heat.
Where is this duplex located?
The property is located at 371 Main Street Old Town, ME.
What is the asking price?
The asking price for this property is $214,444.
What are key features of this property?
This property features: 3,168‑square‑foot duplex on a 0.3‑acre lot; Built in 1900 with Colonial and Federal architectural styles; Two residential units with a sunroom or utility room and attic containing two rooms
More about this property
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