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Fourplex with Strong Rental History
For Sale
$445,000

115-117 Limerock Street, Rockland, ME 04841

Four-unit residential building with 2 two-bedroom, 1-bath units plus an efficiency, offering on-site parking.

Property SizeContact for details
Days on Market44

Property Features for 115-117 Limerock Street

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 4

Building Details

Year Built 1890
Listing Agency: SVN The Masiello Group
Listed By: Douglas Erickson, CCIM · License #ME #BR113164
Source: Svnmasiellogroup
Added: Jun 24 Changed: Jul 21 Last Checked: Aug 6 at 4:55AM

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

Investment Insights

Based on property information with market context.

This fourplex includes two two-bedroom, one-bath units and one efficiency unit, each with a functional layout. The property is presented with a strong rental history and includes on-site parking for residents.

The building is located very close to the city center shopping district and just a short distance from Main and Park Streets, placing everyday services such as banks, restaurants, and shops within easy reach.

The offering is to be sold as a package with MLS Numbers 1635367, 1640219, 1640225 and 1640226.

Key Highlights

  • Four‑unit residential building built in 1890, with 2 two‑bedroom, 1‑bath units plus 1 efficiency unit
  • Strong rental history (as stated in remarks) with proven performance for the current unit mix
  • On‑site parking included

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Dental Office HVAC Service (Bike/Boat/Book/etc) Store Auto Parts Store Locksmith Parking Lot & Garage

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

827
Businesses Nearby

Demographics for 04841, ME

6,936
Population
4,073
Households
1.7
Avg Household Size
48
Median Age
36%
College-Educated
91%
High-School Grad
12.8 sq mi
ZIP Area
542
Density / Sq Mi
$55,276
Median Household Income
$35,874
Median Earnings
$986
Median Rent
$234,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Quadplex - Four-unit residential building with 2 two-bedroom, 1-bath units plus an efficiency, offering on-site parking.
Where is this quadplex located?
The property is located at 115-117 Limerock Street Rockland, ME.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Four‑unit residential building built in 1890, with 2 two‑bedroom, 1‑bath units plus 1 efficiency unit; Strong rental history (as stated in remarks) with proven performance for the current unit mix; On‑site parking included
More about this property
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