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Three-Unit Residential Property
New
For Sale
$199,000

235 Bates Street, Millinocket, ME 04462

Multi-Family, Millinocket, ME

Property Size3,485 SF
Lot Size0.30 Acres
Price / SF$57.10
Days on Market2

Property Features for 235 Bates Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning See Town
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 3, Bathroom 1, Bathroom 2
Pets allowed No
Interior features Bathtub, Shower
Lot features Open, Level, Intown, Near Shopping
Standard status Active
Size 3,485 SF
Lot size 0.30 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 3006

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Baseboard, Oil, Natural Gas
Water source Public
Water front features Stream
Water front 1

Building Details

Year built 1970
Floors in Building 2
Number of units 4
Flooring type Vinyl, Carpet, Laminate
Building materials Masonry, Wood Frame, Composition, Vinyl Siding
Roof type Shingle
Architectural style Colonial
Listing Agency: Acres Away, Inc.
Listed By: Alan Staples · License #924109
Added: Oct 16 Last Checked: Oct 17 at 6:06PM
MLS# 1684552

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.

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Investment Insights

Based on property information with market context.

This 3,485-square-foot residential property contains three apartments: an upstairs three-bedroom layout and two first-floor units with two bedrooms and one bedroom, respectively. Each has a kitchen, and the upstairs apartment has its own entrance. A separate storage area with a half bath could support a fourth unit, subject to applicable approvals. The building dates to 1970 and sits on approximately 0.3 acres.

The property has 130 feet of frontage along Smith Brook. Stores and everyday services are within walking distance in Millinocket. Public water and public sewer serve the property.

Key Highlights

  • Three existing apartments: one three‑bedroom unit, one two‑bedroom unit, and one one‑bedroom unit
  • 3,485 square feet on approximately 0.3 acres
  • Storage area with a half bath may allow a fourth unit, subject to applicable approvals

Property Analytics

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Current Use

Katahdin House Hotel & Motel

Suggested Use

Top Pick Building Supply Dental Office Auto Repair Shop Real Estate Agency HVAC Service 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

3
Residential units

Location Intelligence

Trade Area within ½ mile

50
Businesses Nearby

Demographics for 04462, ME

4,411
Population
3,302
Households
1.3
Avg Household Size
56
Median Age
20%
College-Educated
96%
High-School Grad
702.8 sq mi
ZIP Area
6
Density / Sq Mi
$44,167
Median Household Income
$23,295
Median Earnings
$553
Median Rent
$89,700
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?
Quadplex - Three apartments offer separate kitchens and distinct bedroom configurations for residential use.
Where is this quadplex located?
The property is located at 235 Bates Street Millinocket, ME.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Three existing apartments: one three‑bedroom unit, one two‑bedroom unit, and one one‑bedroom unit; 3,485 square feet on approximately 0.3 acres; Storage area with a half bath may allow a fourth unit, subject to applicable approvals
More about this property
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