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Mixed-Use Property with Adjacent Lot
New
For Sale
$895,000

1315 13 & 15 High St, Ellsworth, ME 04605

Two buildings combine five apartments and a commercial suite, with a separate lot that may support additional development subject to approvals.

Property Size5,566 SF
Price / SF$160.80
Days on Market2

Property Features for 1315 13 & 15 High St

General Information

Standard status Active
Size 5,566 SF
Property subtype Multi-Family

Units

Unit Mix 4 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 5

Amenities

new heat pumps
new roof
added insulation
remodeled kitchens
paved parking
upgraded electrical
upgraded plumbing
new appliances
fencing
lighting

Building Details

Year Built 1982
Buildings 2
Tenancy Multi
Listing Agency: The Davis Agency
Listed By: Carol Schaefer
Source: Aroostookrealestate
Added: Oct 5 Changed: Oct 6 Last Checked: Oct 6 at 2:59AM

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 The Davis Agency

Investment Insights

Based on property information with market context.

This mixed-use property comprises two buildings totaling 5,566 square feet, with five apartments and a commercial suite occupied by a hair salon. The 1850 Victorian contains two two-bedroom, one-bath apartments. A second building, constructed in 1982, has two more two-bedroom, one-bath apartments, a one-bedroom, one-bath apartment, and the commercial space. Improvements made over the past five years include heat pumps, roofing, insulation, kitchen updates, electrical and plumbing work, appliances, lighting, fencing, and paved parking.

An adjacent 0.16-acre lot has a paved driveway and a zero-lot-line restriction. An additional rental property may be possible there, subject to municipal approvals and permitting.

Key Highlights

  • Two buildings totaling 5,566 square feet
  • Five apartments: four 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
  • Commercial suite currently occupied by a hair salon

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Parking Lot & Garage Locksmith Storage Facility Dental Office (Bike/Boat/Book/etc) Store Pharmacy

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
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

48
Businesses Nearby

Demographics for 04605, ME

13,651
Population
9,188
Households
1.5
Avg Household Size
47
Median Age
39%
College-Educated
96%
High-School Grad
265.4 sq mi
ZIP Area
51
Density / Sq Mi
$72,083
Median Household Income
$42,262
Median Earnings
$983
Median Rent
$230,900
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?
Mixed-use property - Two buildings combine five apartments and a commercial suite, with a separate lot that may support additional development subject to approvals.
Where is this mixed-use property located?
The property is located at 1315 13 & 15 High St Ellsworth, ME.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Two buildings totaling 5,566 square feet; Five apartments: four 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; Commercial suite currently occupied by a hair salon
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