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Mixed-Use Building with Harbor Views

159 High Street, Belfast, ME 04915

For Sale
New
$1,690,000

Multi-Family, Belfast, ME

Property Size7,695 SF
Lot Size0.07 Acres
Price / SF$219.62
Days on Market2

Property Features for 159 High Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Downtown Commercial
Bathrooms 1
Full bathrooms 1
Rooms Basement, Bathroom 1
Parking features On Street
Interior features Walk-in Closets, In-Law Apartment, Bathtub, Pantry, Shower, Storage, Primary Bedroom w/Bath
Basement Full, Walk-Out Access
Lot features Other Site, Rolling/ Sloping, Level, Sidewalks, Historic District, Near Shopping
Standard status Active
Size 7,695 SF
Lot size 0.07 Acres

Additional Details

Tenant in Place Yes
Mixed-Use Components retail, residential

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 17015

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Oil, Baseboard, Heat Pump (Heating)
Cooling system Heat Pump
Water source Public

Amenities

full basement
updated heat pumps
heat pump hot water heater
rear parking
deeded easements for fire escape access

Building Details

Year built 1824
Floors in Building 3
Number of units 2
Flooring type Laminate, Tile, Vinyl, Wood
Building materials Masonry, Brick
Roof type Flat
Architectural style Other
Additional Structures Storage
Buildings 1
Listing Agency: RE/MAX JARET & COHN · RE/MAX International
Listed By: Erin Merrifield · License ME BR926565
Added: Nov 10 Last Checked: Nov 11 at 4:06AM
MLS# 1687405

Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 7,695-square-foot mixed-use property dates to 1824 and contains a leased storefront at street level alongside residential space on the upper floors. The upper-level residence includes a ballroom, kitchen and dining area, and flexible rooms. Improvements were made in 2017 and again in 2023 and 2024. The building also has a full basement, heat pumps, and a heat-pump water heater.

Located in downtown Belfast, the property has views of Belfast Harbor, the waterfront, and nearby bridges. Its zoning is Downtown Commercial, and the parcel comprises 0.07 acres.

Key Highlights

  • 7,695 square feet on a 0.07‑acre parcel
  • Leased street‑level storefront with residential space above
  • Upper‑level residence features a ballroom, kitchen, and dining area

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Electrical Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Storage Facility Carpet & Flooring Store Catering Service

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

693
Businesses Nearby

Demographics for 04915, ME

9,110
Population
5,192
Households
1.8
Avg Household Size
50
Median Age
44%
College-Educated
94%
High-School Grad
73.1 sq mi
ZIP Area
125
Density / Sq Mi
$59,083
Median Household Income
$39,267
Median Earnings
$1,009
Median Rent
$261,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A leased ground-floor storefront and multiple residential spaces combine within a historic downtown property.
Where is this mixed-use property located?
The property is located at 159 High Street Belfast, ME.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: 7,695 square feet on a 0.07‑acre parcel; Leased street‑level storefront with residential space above; Upper‑level residence features a ballroom, kitchen, and dining area
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