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4-Unit Rental Quadplex
For Sale
$220,000

205 Main Street, Presque Isle, ME 04769

A mix of one- and two-bedroom apartments features separate electric meters for tenant-paid service.

Property Size2,257 SF
Price / SF$97.47
Days on Market62

Property Features for 205 Main Street

General Information

Standard status Active
Size 2,257 SF
Property subtype Multi Family Home
Zoning Suburban Res

Units

Unit Mix 2 x 2BR, 2 x 1BR
Multifamily Units 4
Individually Metered Utilities electricity

Taxes and HOA fees

Annual Taxes $3,921

Building Details

Building Size 2,257 SF
Year Built 1935
Buildings 1
Units 4
Listing Agency: NextHome Discover
Listed By: Daniel Castle Courtney Castle
Source: Amerorealty
Added: Sep 1 Changed: Oct 31 Last Checked: Oct 31 at 2:31PM

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 NextHome Discover

Rey
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Investment Insights

Based on property information with market context.

This 2,257-square-foot quadplex dates to 1935 and contains four apartments: two with one bedroom and two with two bedrooms. Each unit has its own electric water heater and electric meter, with electricity paid by tenants. Parking is available at the rear of the building.

The property is on Main Street in Presque Isle, near the University of Maine at Presque Isle. Mantle Lake Park, the local bike path, and in-town amenities are within walking distance. The zoning designation is Suburban Res.

Key Highlights

  • Four apartments: two one‑bedroom units and two two‑bedroom units
  • 2,257 square feet; built in 1935
  • Separate electric meter and electric water heater for each apartment

Property Analytics

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Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

364
Businesses Nearby

Demographics for 04769, ME

8,797
Population
4,568
Households
1.9
Avg Household Size
45
Median Age
27%
College-Educated
93%
High-School Grad
75.8 sq mi
ZIP Area
116
Density / Sq Mi
$57,396
Median Household Income
$38,091
Median Earnings
$875
Median Rent
$142,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Quadplex - A mix of one- and two-bedroom apartments features separate electric meters for tenant-paid service.
Where is this quadplex located?
The property is located at 205 Main Street Presque Isle, ME.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Four apartments: two one‑bedroom units and two two‑bedroom units; 2,257 square feet; built in 1935; Separate electric meter and electric water heater for each apartment
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