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5-Unit Apartment Building
For Sale
$375,000

10 Lyons St, Machias, ME 04654

Fully rented property with varied apartment layouts, off-street parking, and utilities included in rents.

Property Size3,692 SF
Price / SF$101.57
Days on Market14

Property Features for 10 Lyons St

General Information

Standard status Active
Size 3,692 SF
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 2 x studio, 2 x 1BR, 1 x 2BR
Multifamily Units 5

Amenities

off-street parking
backyard
storage area

Building Details

Year Built 1900
Listing Agency: EXP Realty
Listed By: Jason Erwin
Source: Aroostookrealestate
Added: Aug 16 Changed: Aug 28 Last Checked: Aug 25 at 4:00AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty

Investment Insights

Based on property information with market context.

Located at 10 Lyons Street in Machias, this 3,692-square-foot apartment property contains five residences: two studios, two one-bedroom apartments, and one two-bedroom apartment. The building dates to 1900 and is fully rented, with utilities included in the rents.

Property features include a new propane wall-hung boiler, off-street parking, and a backyard. A sizable storage area at the rear of the first floor could potentially support expansion of an existing apartment or conversion to a sixth unit, subject to municipal review of zoning, building code, and permitting requirements. The property is near downtown and local amenities.

Key Highlights

  • Five apartments: two studios, two one‑bedroom units, and one two‑bedroom unit
  • 3,692‑square‑foot building constructed in 1900
  • Fully rented with utilities included in rents

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Electrical Service Plumbing Service Auto Parts Store Grocery & Convenience Store Furniture & Home Goods

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

5
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

306
Businesses Nearby

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

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

What type of property is this?
Apartment building - Fully rented property with varied apartment layouts, off-street parking, and utilities included in rents.
Where is this apartment building located?
The property is located at 10 Lyons St Machias, ME.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Five apartments: two studios, two one‑bedroom units, and one two‑bedroom unit; 3,692‑square‑foot building constructed in 1900; Fully rented with utilities included in rents
More about this property
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