Mixed-Use Building with
New
For Sale
$498,500
427 Main Street, Norway, ME 04268
Multi-Family, Norway, ME
Property Size2,300 SF
Lot Size0.07 Acres
Price / SF$216.74
Days on Market2
Property Features for 427 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
COMMERCIAL
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bathroom 2
Parking features
Tandem
Patio and Porch features
Patio
Basement
Unfinished
Lot features
Level, Sidewalks, Intown
Standard status
Active
Size
2,300 SF
Lot size
0.07 Acres
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2168
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Oil, Radiant
Cooling system
Window Unit(s), Heat Pump
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Tile, Laminate
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Buildings
1
Listing Agency:
Portside Real Estate Group
(207) 495-3700
Listed By:
Emily Theriault
(207) 716-6335
Added: Oct 23
Last Checked: Oct 24 at 11:06AM
MLS# 1685479
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.
At 427 Main Street, this 2,300-square-foot mixed-use building combines a first-floor restaurant with two one-bedroom apartments on the upper level. The residential units have been renovated, and the commercial space includes an outdoor patio. The property was built in 1900 and occupies 0.07 acres.
Improvements made since 2019 include a heating system installed in 2020, heat pumps, updated first-floor windows and flooring, and electrical and plumbing upgrades. New exterior stairs serve the apartments. The building has tandem parking, commercial zoning, public water and sewer, and a shingle roof.
Improvements made since 2019 include a heating system installed in 2020, heat pumps, updated first-floor windows and flooring, and electrical and plumbing upgrades. New exterior stairs serve the apartments. The building has tandem parking, commercial zoning, public water and sewer, and a shingle roof.
Key Highlights
- 2,300‑square‑foot mixed‑use building on 0.07 acres
- Ground‑floor restaurant space with outdoor patio
- Two renovated one‑bedroom apartments upstairs
Property Analytics
Who owns this building?
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
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Business Placement
Demographics for 04268, ME
5,077
Population
2,869
Households
1.8
Avg Household Size
48
Median Age
23%
College-Educated
90%
High-School Grad
45.0 sq mi
ZIP Area
113
Density / Sq Mi
$53,162
Median Household Income
$35,897
Median Earnings
$758
Median Rent
$184,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-floor restaurant is paired with two renovated one-bedroom residences upstairs.
Where is this mixed-use property located?
The property is located at 427 Main Street Norway, ME.
What is the asking price?
The asking price for this property is $498,500.
What are key features of this property?
This property features: 2,300‑square‑foot mixed‑use building on 0.07 acres; Ground‑floor restaurant space with outdoor patio; Two renovated one‑bedroom apartments upstairs
