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Five-Unit Apartment Building
For Sale
$375,000

10 Lyons Street, Machias, ME 04654

Fully rented property with studio, one-bedroom, and two-bedroom layouts.

Property Size3,692 SF
Days on Market17

Property Features for 10 Lyons Street

General Information

Standard status Active
Size 3,692 SF
Property subtype Multi Family Home
Zoning multi
Occupancy 100%

Units

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

Taxes and HOA fees

Annual Taxes $4,267

Amenities

off-street parking
backyard

Building Details

Building Size 3,692 SF
Year Built 1900
Units 5
Listing Agency: EXP Realty
Listed By: Jason Erwin
Source: Startpoint
Added: Aug 6 Changed: Aug 21 Last Checked: Aug 21 at 1:51PM

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.

This 1900 apartment property at 10 Lyons Street contains five residential units with a varied configuration: two studios, two one-bedroom apartments, and one two-bedroom apartment. The building is fully rented, with utilities included in tenant rents. A propane wall-hung boiler has been installed recently, and the property also provides off-street parking and a backyard.

A rear first-floor storage area could potentially support expansion of an existing unit or conversion into a sixth apartment, subject to municipal review of zoning, building-code, and permitting requirements. The property is in Machias, close to downtown and local amenities. Zoning is identified as multi.

Key Highlights

  • Five‑unit apartment property at 10 Lyons Street, Machias, ME 04654
  • Unit mix includes 2 studios, 2 one‑bedroom apartments, and 1 two‑bedroom apartment
  • Fully rented with utilities included in tenant 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 studio, one-bedroom, and two-bedroom layouts.
Where is this apartment building located?
The property is located at 10 Lyons Street 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‑unit apartment property at 10 Lyons Street, Machias, ME 04654; Unit mix includes 2 studios, 2 one‑bedroom apartments, and 1 two‑bedroom apartment; Fully rented with utilities included in tenant rents
More about this property
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