Mixed-Use Building with Street-Level
For Sale
$1,000,000
4 Colonial Way, Machias, ME 04654
MULTI_FAMILY - Machias, ME
Property Size13,226 SF
Price / SF$75.61
Days on Market230
Property Features for 4 Colonial Way
General Information
Property type
Residential Multi Family
Property subtype
Single Family Attached
Bathrooms
4
Full bathrooms
4
Standard status
Active
Size
13,226 SF
Building Details
Year built
1928
Listing Agency:
Machias, Maine · Better Homes and Gardens Real Estate
(207) 255-8133
Listed By:
Karen Eldridge
(207) 255-8133
Added: Dec 12, 2025
Changed: Jul 23
Last Checked: Jul 30 at 5:06PM
MLS# 1646499
Copyright © 2026 Better Homes and Gardens-The Masiello Group. 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 exquisitely maintained 3-story commercial and residential building offers a mix of income-producing spaces totaling 13,226 square feet. The property includes six street-entry commercial spaces and four apartments, consisting of two 1-bedroom units and two 2-bedroom units.
Located in Machias, the building is described as dominating the central walking riverfront and Bad Little Falls Park area (Main Street), within the business district and close to concerts, events, shopping, restaurants, and banking. The listing notes consistent 100% occupancy and profitability. Income/expense information for the apartments and commercial spaces combined is available to qualified buyers.
Located in Machias, the building is described as dominating the central walking riverfront and Bad Little Falls Park area (Main Street), within the business district and close to concerts, events, shopping, restaurants, and banking. The listing notes consistent 100% occupancy and profitability. Income/expense information for the apartments and commercial spaces combined is available to qualified buyers.
Key Highlights
- 3‑story commercial and residential building built in 1928 with 13,226 sq. ft. total building area
- 100% occupancy maintained consistently, with commercial spaces and apartments combined
- 6 street‑level commercial spaces plus 4 apartments (2 one‑bedroom and 2 two‑bedroom)
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
Explore this area
Business Placement
Demographics for 04654, ME
3,312
Population
1,928
Households
1.7
Avg Household Size
45
Median Age
25%
College-Educated
89%
High-School Grad
120.8 sq mi
ZIP Area
27
Density / Sq Mi
$48,049
Median Household Income
$28,889
Median Earnings
$721
Median Rent
$164,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - 3-story building with six street-entry commercial spaces and four apartments, currently 100% occupied.
Where is this quadplex located?
The property is located at 4 Colonial Way Machias, ME.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 3‑story commercial and residential building built in 1928 with 13,226 sq. ft. total building area; 100% occupancy maintained consistently, with commercial spaces and apartments combined; 6 street‑level commercial spaces plus 4 apartments (2 one‑bedroom and 2 two‑bedroom)
