5-Unit Apartment
For Sale
$1,125,000
515 Falls Bridge Road, Blue Hill, ME 04614
Multi-Family, Blue Hill, ME
Property Size7,700 SF
Lot Size2.05 Acres
Price / SF$146.10
Days on Market65
Property Features for 515 Falls Bridge Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 5, Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 7, Bathroom 6
Parking features
Open
Patio and Porch features
Patio
Interior features
Walk-in Closets, One-Floor Living, Shower
Lot features
Open, Level, Near Town, Rural
Standard status
Active
Size
7,700 SF
Lot size
2.05 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6254
Utilities
Sewer type
Septic Tank, Private Sewer
Heating system
Hot Water(Heating), Propane (Heating), Baseboard, Natural Gas
Water source
Private, Well
Building Details
Year built
1958
Floors in Building
4
Number of units
5
Flooring type
Tile, Carpet, Vinyl, Laminate, Wood
Building materials
Wood Frame, Shingle Siding
Roof type
Shingle, Composition
Additional Structures
Outbuilding
Listing Agency:
The Christopher Group, LLC
(877) 350-4409
Listed By:
Molly Dwyer
(207) 266-1298
Added: Jul 7
Changed: Sep 2
Last Checked: Sep 9 at 1:06PM
MLS# 1667224
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.
Set on 2.05 acres at 515 Falls Bridge Road, this 7,700± square foot apartment property contains five residences arranged across four levels. The first and second floors each feature an approximately 1,900-square-foot apartment with two to three bedrooms and two baths. The third level includes one one-bedroom residence and one two-bedroom residence, while the uppermost level contains a loft-style apartment used seasonally.
The building dates to 1958 and has a newer roof, refreshed kitchens, and a propane-fired central hot water system. Construction includes a wood frame with shingle siding, and the grounds include open parking, a patio, private well water, and septic infrastructure. Several units have views of Blue Hill Bay. The property is approximately one-half mile from the South Blue Hill Wharf, with Blue Hill amenities about five miles away and Brooklin approximately seven miles away. Office, studio, retreat, artist residency, and live/work configurations may be possible subject to local approvals.
The building dates to 1958 and has a newer roof, refreshed kitchens, and a propane-fired central hot water system. Construction includes a wood frame with shingle siding, and the grounds include open parking, a patio, private well water, and septic infrastructure. Several units have views of Blue Hill Bay. The property is approximately one-half mile from the South Blue Hill Wharf, with Blue Hill amenities about five miles away and Brooklin approximately seven miles away. Office, studio, retreat, artist residency, and live/work configurations may be possible subject to local approvals.
Key Highlights
- Five apartments across four levels
- 7,700± square foot building on 2.05 surveyed acres
- First- and second‑floor apartments are approximately 1,900 square feet each
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
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Business Placement
Demographics for 04614, ME
2,792
Population
2,199
Households
1.3
Avg Household Size
52
Median Age
49%
College-Educated
92%
High-School Grad
62.5 sq mi
ZIP Area
45
Density / Sq Mi
$70,164
Median Household Income
$36,076
Median Earnings
$332,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Four-level property with updated kitchens, a seasonal loft unit, and views toward Blue Hill Bay.
Where is this apartment building located?
The property is located at 515 Falls Bridge Road Blue Hill, ME.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Five apartments across four levels; 7,700± square foot building on 2.05 surveyed acres; First- and second‑floor apartments are approximately 1,900 square feet each
