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    Two-Unit Colonial Income Property Title is generated by Realmo AI

    371 Main Street, Old Town, ME 04468

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    For Sale
    $240,000

    MULTI_FAMILY - Colonial, Federal - Old Town, ME

    Property size:
    3,168 SF
    Lot size:
    0.30 Acres
    Price / SF:
    $75/SF
    Added:
    Jun 20, 2026
    Days on Market:
    17
    Last Refresh:
    Jul 6 at 11:06 pm

    Property Features for 371 Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 2, Basement, Bathroom 1
    Parking features
    Off Street
    Patio and Porch features
    Porch, Patio
    Interior features
    1st Floor Bedroom, Attic, One-Floor Living
    Basement
    Daylight, Unfinished, Walk-Out Access, Full
    Standard status
    Active
    Size
    3,168 SF
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    3890

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Zoned, Baseboard, Other (Heating), Hot Water(Heating), Natural Gas
    Water source
    Public
    Water front features
    Stream

    Building Details

    Year built
    1900
    Number of units
    2
    Flooring type
    Vinyl, Laminate, Wood, Carpet
    Building materials
    Masonry, Wood Frame, Brick
    Roof type
    Shingle
    Architectural style
    Colonial, Federal

    We can help!

    Contact an agent
    Scott Basso

    Listing agent Scott Basso

    Listing office Better Homes & Gardens Real Estate/The Masiello Group 1162 Union Street, Bedford, ME

    Listing date Jun 20, 2026

    MLS# 1662520 Listing URL

    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.

    HighLights

    • 2‑unit property built in 1900 on a corner in Old Town
    • Construction includes masonry, wood frame, and brick; shingle roof
    • Natural gas heat with hot water baseboard and zoned heating systems
    • Five fireplaces (not in use); unfinished daylight basement also has a fireplace
    • Sunroom/utility room plus attic with 2 rooms
    • Public water and public sewer; off‑street parking; waterfront feature includes a stream

    Overview

    This two-unit colonial-style property is offered for sale as-is. The home includes a newer roof and natural gas hot water baseboard heat. Interior features referenced in the offering include five fireplaces (not in use), a sunroom/utility room, an attic with two rooms, and an unfinished daylight basement that also references a fireplace. Additional site/building elements mentioned are a cistern and a brick barrel vault arch or oven. The first-floor unit is described as overdue for updates.

    The property is located in the heart of Old Town on a corner of a one-way street, providing convenient pedestrian access to nearby downtown restaurants, shops, and the waterfront park along the Mighty Penobscot River. The remarks also note that a boat launch and airport are nearby, and that the University of Maine’s Orono Campus Park Street entrance is approximately 3.2 miles to the west.

    For investors or owner-occupants seeking a residential income property, this layout offers two separate units within one building and a mix of finished and unfinished space for future improvements. With several fireplaces and utility and basement areas already identified, the property may support a range of renovation approaches, though the first-floor unit is specifically noted as needing a thorough review and update.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Dental Office Building Supply Department Store Big Box & Wholesale Store Skin Care Clinic Cafe & Coffee Shop Electronics & Wireless Store Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Old Town
    County
    Penobscot
    State
    Maine
    Longitude
    -68.645103
    Latitude
    44.931861

    FAQs

    What type of property is this?
    Duplex - Two-unit colonial on a corner lot with natural gas heat, multiple fireplaces, and an unfinished daylight basement.
    Where is this duplex located?
    The property is located at 371 Main Street Old Town, ME.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: 2‑unit property built in 1900 on a corner in Old Town; Construction includes masonry, wood frame, and brick; shingle roof; Natural gas heat with hot water baseboard and zoned heating systems
    More about this property
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