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    38 Spring St Belfast, ME 04915

    New
    For Sale
    $575,000

    MULTI_FAMILY - Colonial - Belfast, ME

    Property size:
    2,040 SF
    Lot size:
    0.29 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 38 Spring St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Downtown Commercial
    Rooms
    Basement, Bathroom 2, Bathroom 1
    Parking features
    On Street
    Basement
    Sump Pump, Unfinished
    Size
    2,040 SF
    Lot size
    0.29 Acres

    Utilities

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

    Building Details

    Year built
    1875
    Number of units
    1
    Flooring type
    Vinyl, Carpet, Wood
    Building materials
    Wood Siding, Vinyl Siding, Wood Frame
    Roof type
    Fiberglass, Shingle
    Architectural style
    Colonial
    Additional Structures
    Outbuilding

    Worth Real Estate, Inc. (207) 338-5265 [email protected]

    Listing agent Samuel Mitchell (207) 338-5265

    Listing date Dec 3, 2025

    MLS# 1602052 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

    Downtown Belfast Mixed-Use Investment

    Located in downtown Belfast, this mixed-use property offers a versatile opportunity on a 0.29-acre lot. The property includes a professional building featuring four private office suites and a 2-bedroom apartment with 880 square feet, suitable for owner-occupancy, rental income, or live/work arrangements. Additionally, a separate structure houses seven individual storage units, providing consistent income with low overhead. Situated in the Downtown Commercial Zone, the property presents potential for future development, expansion, or adaptation for various business or mixed-use projects. The property size is 2040 square feet. Proposed changes should be discussed with the Belfast Planning & Code Department. This property offers built-in cash flow and room for growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Belfast
    County
    Waldo
    State
    Maine
    Longitude
    -69.005579
    Latitude
    44.425134

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    FAQs

    What type of property is this?
    Mixed-use property - Versatile commercial property with office suites, apartment, and storage units.
    Where is this mixed-use property located?
    The property is located at 38 Spring St Belfast, ME.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - Prime downtown location in Belfast's Commercial Zone offering high potential for development and diverse business ventures.; - Versatile property with a professional building containing four office suites and a 2-bedroom apartment, suitable for owner-occupancy, rental income, or live/work arrangements.; - Includes seven individual storage units providing a consistent stream of income.
    (207) 338-5265
    Request Owner's contact information
    38 Spring St 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
    38 Spring St Belfast, ME 04915
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