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2-Unit Duplex with Updated Apartment

21 Colonial Way, Machias, ME 04654

For Sale
$175,000

Both apartments have two bedrooms, one bathroom, separate entrances, and dedicated off-street parking.

Property Size1,464 SF
Price / SF$119.54
Days on Market124

Property Features for 21 Colonial Way

General Information

Standard status Active
Size 1,464 SF
Property subtype Multi Family Home

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $1,811

Building Details

Building Size 1,464 SF
Year Built 1940
Stories 2
Units 2
Listing Agency: Elevate Maine Realty
Listed By: Christy Alley
Source: Kiefferrealestate
Added: Jul 14 Changed: Nov 12 Last Checked: Nov 13 at 8:49AM

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 Elevate Maine Realty

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Investment Insights

Based on property information with market context.

This 1,464-square-foot duplex contains two apartments, each with two bedrooms and one bathroom. The first-floor residence has a living room, eat-in kitchen, and single-level layout. It has also previously served a commercial use. The second-floor apartment has an open living and dining area and a private exterior staircase. Recent work there includes new paint, selected tongue-and-groove pine finishes, refinished living-room hardwood, painted kitchen cabinets, and new light fixtures. The property was built in 1940.

The property is in Machias, near the University of Maine at Machias, Down East Community Hospital, downtown businesses, shops, and restaurants. Roque Bluffs State Park, Jasper Beach, and the Bold Coast Trail are also nearby.

Key Highlights

  • Two apartments, each with 2 bedrooms and 1 bathroom
  • 1,464 square feet; built in 1940
  • Separate entrances and dedicated off‑street parking for each apartment

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

324
Businesses Nearby

Demographics for 04654, ME

3,312
Population
1,928
Households
1.7
Avg Household Size
45
Median Age
25%
College-Educated
89%
High-School Grad
120.8 sq mi
ZIP Area
27
Density / Sq Mi
$48,049
Median Household Income
$28,889
Median Earnings
$721
Median Rent
$164,200
Median Home Value
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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?
Duplex - Both apartments have two bedrooms, one bathroom, separate entrances, and dedicated off-street parking.
Where is this duplex located?
The property is located at 21 Colonial Way Machias, ME.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; 1,464 square feet; built in 1940; Separate entrances and dedicated off‑street parking for each apartment
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