Mixed-Use Multi-Family
For Sale
$1,000,000
4 Colonial Way, Machias, ME 04654
Multi-Family, Machias, ME
Property Size13,226 SF
Lot Size0.39 Acres
Price / SF$75.61
Days on Market184
Property Features for 4 Colonial Way
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
commercial
Bathrooms
4
Full bathrooms
4
Rooms
Basement, Bathroom 2, Bathroom 4, Bathroom 1, Bathroom 3
Pets allowed
Yes
Interior features
One-Floor Living, Shower
Basement
Unfinished, Partial
Lot features
Well Landscaped, Rolling/ Sloping, Open, Historic District, Near Shopping, Retail Strip
Standard status
Active
Size
13,226 SF
Lot size
0.39 Acres
Taxes and HOA fees
Tax Year
25
Tax Annual Amount
6875
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Oil, Hot Water(Heating), Baseboard, Zoned
Water source
Public
Building Details
Year built
1928
Floors in Building
3
Number of units
4
Flooring type
Tile, Wood, Carpet
Building materials
Wood Frame, Asbestos, Wood Siding
Roof type
Flat
Architectural style
Federal
Listing Agency:
Better Homes & Gardens Real Estate/The Masiello Group · RE/MAX International
(207) 255-8133
Listed By:
Karen Eldridge
(207) 271-0207
Added: Feb 18
Changed: Aug 19
Last Checked: Aug 21 at 7:06PM
MLS# 1646499
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.
Investment Insights
Based on property information with market context.
Mixed-use, 3-story building built in 1928 featuring a combination of street-level commercial space and residential apartments. The building totals 13,226 SF and includes six street entry level commercial spaces and four apartments, made up of two 1-bedroom units and two 2-bedroom units. Interiors feature one-floor living elements and showers, with flooring including wood, tile, and carpet.
Construction is wood frame with wood siding, and the property has a flat roof. Heating is provided via hot water (heating), forced air, baseboard, oil heat, and zoned systems. The building is served by public water and public sewer.
The property sits on a 0.39-acre lot in Machias, ME and is described as being on the central walking riverfront area near Bad Little Falls Park and Main Street. The building is 100% occupied with consistent occupancy history, and income/expense information for the combined apartments and commercial spaces is available to qualified buyers.
Construction is wood frame with wood siding, and the property has a flat roof. Heating is provided via hot water (heating), forced air, baseboard, oil heat, and zoned systems. The building is served by public water and public sewer.
The property sits on a 0.39-acre lot in Machias, ME and is described as being on the central walking riverfront area near Bad Little Falls Park and Main Street. The building is 100% occupied with consistent occupancy history, and income/expense information for the combined apartments and commercial spaces is available to qualified buyers.
Key Highlights
- 13,226 SF mixed‑use building on 0.39‑acre lot
- 6 street entry commercial spaces plus 4 apartments
- Apartment mix: two 1‑bedroom units and two 2‑bedroom units
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - 3-story mixed-use building with six street-level commercial spaces and four apartments on a 0.39-acre lot.
Where is this residential income property located?
The property is located at 4 Colonial Way Machias, ME.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 13,226 SF mixed‑use building on 0.39‑acre lot; 6 street entry commercial spaces plus 4 apartments; Apartment mix: two 1‑bedroom units and two 2‑bedroom units
