Downtown Two-Unit Corner
For Sale
$84,900
289 Main Street, Canaan, ME 04924
Two-unit property on a downtown corner lot with water frontage and a yard featuring fruit trees.
Property Size3,500 SF
Price / SF$24.26
Days on Market370
Property Features for 289 Main Street
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Multi-Family
Taxes and HOA fees
Annual Taxes
$1,614
Amenities
No Heat System
Partial, Exterior Only
Wood, Vinyl, Carpet
2
No
Yes
Stone, Other
3.00
4
2.20
Metal
Wood Siding, Vinyl Siding, Wood Frame
Building Details
Year Built
1850
Units
3
Listing Agency:
Sprague & Curtis Real Estate
(207) 623-1123
Listed By:
Earle Kenney
(207) 623-1123
Source:
Compass
Added: Aug 19, 2025
Changed: Aug 23
Last Checked: Jul 23 at 7:53AM
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 Sprague & Curtis Real Estate
Investment Insights
Based on property information with market context.
This building is currently configured as a two-unit property, though other units are vacant. The property has had several uses over the years, including a prior configuration that included two commercial rental units on the main floor and three additional rental units. The owner has changed the layout for their needs, and there is an opportunity for up to five units. The building will need some TLC to bring it back toward its full income potential.
The property sits on a corner lot in downtown Canaan with 200 feet of frontage on Carrabasset Stream. There is also a yard with fruit trees.
Overall, this is a versatile income property with flexible unit potential, depending on how the space is reconfigured.
The property sits on a corner lot in downtown Canaan with 200 feet of frontage on Carrabasset Stream. There is also a yard with fruit trees.
Overall, this is a versatile income property with flexible unit potential, depending on how the space is reconfigured.
Key Highlights
- Currently set up as a two‑unit property with additional units vacant
- Opportunity to configure for up to five units (previously had two main‑floor commercial rentals and three rental units)
- Corner lot in downtown Canaan with approximately 200 ft frontage on Carrabasset Stream
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Explore this area
Business Placement
Demographics for 04924, ME
2,193
Population
1,053
Households
2.1
Avg Household Size
42
Median Age
23%
College-Educated
94%
High-School Grad
41.2 sq mi
ZIP Area
53
Density / Sq Mi
$55,443
Median Household Income
$34,048
Median Earnings
$994
Median Rent
$151,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property on a downtown corner lot with water frontage and a yard featuring fruit trees.
Where is this duplex located?
The property is located at 289 Main Street Canaan, ME.
What is the asking price?
The asking price for this property is $84,900.
What are key features of this property?
This property features: Currently set up as a two‑unit property with additional units vacant; Opportunity to configure for up to five units (previously had two main‑floor commercial rentals and three rental units); Corner lot in downtown Canaan with approximately 200 ft frontage on Carrabasset Stream
