Three-Story Mixed-Use
For Sale
$1,000,000
4 Colonial Way, Machias, ME 04654
Machias, ME
Property Size13,226 SF
Price / SF$75.61
Days on Market255
Property Features for 4 Colonial Way
General Information
Property type
Residential Multi Family
Property subtype
Single Family Attached
Bathrooms
4
Full bathrooms
4
Standard status
Active
Size
13,226 SF
Building Details
Year built
1928
Listing Agency:
Machias, Maine · Better Homes and Gardens Real Estate
(207) 255-8133
Listed By:
Karen Eldridge
(207) 255-8133
Added: Dec 12, 2025
Changed: Aug 24
Last Checked: Aug 24 at 8:06PM
MLS# 1646499
Copyright © 2026 Better Homes and Gardens-The Masiello Group. 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.
Built in 1928, this three-story mixed-use property contains 13,226 square feet of commercial and residential space. The building includes six commercial suites with direct street entrances along with four apartments, consisting of two one-bedroom units and two two-bedroom units. The property has maintained 100% occupancy across its commercial and residential components.
The building is positioned along the riverfront in the central business district, adjacent to Bad Little Falls Park and Main Street. Shopping, restaurants, banking, concerts, and community events are described as being within a short walk. Its historic architecture is visible from multiple locations throughout town, adding a distinctive physical presence to the property.
The building is positioned along the riverfront in the central business district, adjacent to Bad Little Falls Park and Main Street. Shopping, restaurants, banking, concerts, and community events are described as being within a short walk. Its historic architecture is visible from multiple locations throughout town, adding a distinctive physical presence to the property.
Key Highlights
- 13,226‑square‑foot, three‑story mixed‑use building constructed in 1928
- Six street‑entry commercial spaces
- Four apartments: two 1‑bedroom and two 2‑bedroom units
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic property combines street-level commercial suites with apartments in a fully occupied configuration.
Where is this mixed-use 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‑square‑foot, three‑story mixed‑use building constructed in 1928; Six street‑entry commercial spaces; Four apartments: two 1‑bedroom and two 2‑bedroom units
