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    515 Falls Bridge Rd Blue Hill, ME 04614

    For Sale
    $1,225,000

    MULTI_FAMILY - Blue Hill, ME

    Property size:
    7,700 SF
    Lot size:
    2.05 Acres
    Days on Market:
    11
    Last Refresh:
    Dec 11 at 12:06 pm

    Property Features for 515 Falls Bridge Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 7, Bathroom 3, Bathroom 1, Bathroom 8, Bathroom 5, Bathroom 6, Bathroom 4, Bathroom 2
    Parking features
    Open
    Patio and Porch features
    Patio
    Interior features
    Walk-in Closets, One-Floor Living, Shower
    Size
    7,700 SF
    Lot size
    2.05 Acres

    Utilities

    Sewer type
    Septic Tank, Private Sewer
    Heating system
    Hot Water(Heating), Baseboard
    Water source
    Private, Well

    Building Details

    Year built
    1958
    Number of units
    5
    Flooring type
    Tile, Wood, Vinyl, Carpet, Laminate
    Building materials
    Shingle Siding, Wood Frame
    Roof type
    Composition, Shingle
    Additional Structures
    Outbuilding

    The Christopher Group, LLC (877) 350-4409 [email protected]

    Listing agent Molly Dwyer (877) 350-4409

    Listing date Dec 1, 2025

    MLS# 1639511 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

    Unique Multi-Unit Building with History

    This four-story, 7700 square foot multi-unit building is located in Blue Hill on a 2.05-acre lot overlooking Blue Hill Bay. Originally a commercial chicken coop, the building was converted into a recording studio and artistic hub. The property currently contains five apartments of varying sizes. The first floor features a 1900 square foot apartment with two or three bedrooms and two bathrooms. The second floor has a similar-sized two-bedroom, two-bathroom apartment. The third floor includes a large one-bedroom apartment and a spacious two-bedroom apartment. The top floor contains a large loft-like apartment that has been rented seasonally and is not connected to the central heat. Each unit offers views of the Bay. Major renovations have been completed, including new kitchens on the first, second, and third floors, a new propane hot water central heating system, and a new roof. The property is located a short distance from the town center and a public dock.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Blue Hill
    County
    Hancock
    State
    Maine
    Longitude
    -68.552576
    Latitude
    44.349794

    Nearby Similar for Sale

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    • $1,225,000
      7,700 SF

      Unique Multi-Unit Building Overlooking Blue Hill Bay

      Four-story, 7700 sq ft building with 5 apartments and bay views.
      515 Falls Bridge Rd, Blue Hill, ME 04614
      View Details
    • $1,250,000
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      Multi-Use Commercial Property For Sale

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    FAQs

    What type of property is this?
    Apartment building - Multi-unit building in Blue Hill with musical history and bay views.
    Where is this apartment building located?
    The property is located at 515 Falls Bridge Rd Blue Hill, ME.
    What is the asking price?
    The asking price for this property is $1,225,000.
    What are key features of this property?
    This property features: - Unique multi-unit building with 5 apartments and bay views.; - Historically significant property: former recording studio owned by Noel Paul Stookey of Peter, Paul and Mary.; - Recent major renovations: **new kitchens, new roof**, and new propane hot water central heating system.
    (877) 350-4409
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    515 Falls Bridge Rd Blue Hill, ME 04614
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    Blue Hill, ME 04614
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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
    515 Falls Bridge Rd Blue Hill, ME 04614
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