Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Rockland Fourplex Near Main Street Title is generated by Realmo AI

    12 Grace Street Ro, Rockland, ME 04841

    View on Map
    Claim this Listing
    For Sale
    $480,000

    Well-maintained fourplex with strong rental history near downtown Rockland.

    Type:Multifamily
    Added:
    Mar 6, 2026
    Days on Market:
    88
    Last Refresh:
    Apr 6 at 12:28 am

    Property Features for 12 Grace Street Ro

    General Information

    Standard status
    Active
    Property subtype
    Multifamily

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Douglas Erickson, CCIM
    Douglas Erickson, CCIM

    Listing agent Douglas Erickson, CCIM License #ME #BR113164

    Listing office SVN The Masiello Group Rockland

    Listing date Mar 6, 2026

    Source Svn

    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 SVN The Masiello Group Rockland

    HighLights

    • Strong rental history and long‑term value.
    • Prime location near Main Street, offering easy access to banks, restaurants, shops, and the Knox County Government Center.
    • Four 1‑bedroom, 1‑bath units provide a versatile unit mix appealing to a variety of tenants.
    • Suitable for both investors and owner‑occupants seeking rental income.
    • Well‑maintained four‑plex multi‑family property.
    • Functional layouts and dependable rental appeal in each apartment.

    Overview

    This well-maintained fourplex multi-family property offers a strong rental history and long-term value. The building consists of four units, each featuring 1 bedroom and 1 bath, making it suitable for various tenant needs. Each apartment provides functional layouts and dependable rental appeal. The property is ideally situated a short distance from Main Street, placing tenants within easy reach of everyday conveniences, including banks, restaurants, shops, and the Knox County Government Center. Its central location makes it desirable for those seeking a balance of residential comfort and urban accessibility. With its proven rental history, versatile unit mix, and proximity to Rockland's downtown amenities, this property is an exceptional opportunity for investors looking to expand their portfolio or for owner-occupants seeking rental income. The property is to be sold as a package with MLS Numbers 1635367, 1640219, 1640224 and 1640225.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockland
    County
    Knox
    State
    Maine
    Longitude
    -69.1149
    Latitude
    44.1023

    Nearby Similar for Sale

    • $874,000
      16,281 SF

      Versatile Mixed-Use Rockland Opportunity

      Mixed-use property with commercial building and residential home.
      342-344 Park Street, Rockland, ME 04841
      View Details
    • $965,000
      10,066 SF

      Downtown Rockland Commercial Building For Sale

      Profitable retail business with additional rental units in vibrant location.
      464 Main Street, Rockland, ME 04841
      View Details
    • $450,000
      2,512 SF

      Rockland Commercial Property For Sale

      Commercial property in a desirable location with paved parking.
      43 Glen Street, Rockland, ME 04841
      View Details
    • $1,100,000
      4,640 SF

      Historic Rockland Multifamily Coastal Home

      Iconic 1845 Rockland home with water views and rental income.
      50-52 Mechanic Street, Rockland, ME 04841
      View Details
    • $349,000
      2,254 SF

      Rockland Commercial Condo with Cove View

      Versatile commercial condo with Main Street access and cove views.
      453 Main Street, Rockland, ME 04841
      View Details
    • $1,225,000
      8,241 SF

      Rockland Commercial Space on Route One

      Versatile 8900+ sq ft commercial space with brewery setup.
      5 Payne Avenue, Rockland, ME 04841
      View Details
    • $459,000
      2,556 SF

      Rockland Mixed-Use Commercial Building

      Two-story mixed-use building in downtown Rockland, Maine.
      367 Main Street, Rockland, ME 04841
      View Details
    • $465,000
      2,800 SF

      Rockland Duplex with Rental History

      Well-maintained Rockland duplex near downtown shops and restaurants.
      30 - 32 Granite Street, Rockland, ME 04841
      View Details
    • $445,000
      2,728 SF

      New England Residence with Income Potential

      Versatile property near Rockland harbor, ideal for owners or investors.
      20 Chestnut Street, Rockland, ME 04841
      View Details
    • $1,375,000
      8,241 SF

      Rockland Brewing Facility and Restaurant

      Versatile space with brewing setup, dining, and outdoor patio.
      5 Payne Avenue, Rockland, ME 04841
      View Details
    • $215,000

      Downtown Rockland Take Out Stand

      Downtown Rockland parcel with high foot traffic and development potential.
      346 Main Street, Rockland, ME 04841
      View Details
    • $399,000
      1,881 SF

      Rockland Duplex Near Downtown

      In-town Rockland duplex near shopping, theater, restaurants, and art galleries.
      323 Broadway, Rockland, ME 04841
      View Details

    FAQs

    What type of property is this?
    Quadplex - Well-maintained fourplex with strong rental history near downtown Rockland.
    Where is this quadplex located?
    The property is located at 12 Grace Street Ro Rockland, ME.
    What is the asking price?
    The asking price for this property is $480,000.
    What are key features of this property?
    This property features: Strong rental history and long‑term value.; Prime location near Main Street, offering easy access to banks, restaurants, shops, and the Knox County Government Center.; Four 1‑bedroom, 1‑bath units provide a versatile unit mix appealing to a variety of tenants.
    (207) 446-3333
    We can help!
    Listing Contact
    Douglas Erickson, CCIM
    Douglas Erickson, CCIM
    Real Estate License ID: ME #BR113164
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    12 Grace Street, Ro, Rockland, ME 04841
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!