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5-Unit Apartment Building

46 Grace Street, Rockland, ME 04841

For Sale
$200,000

The Res A property dates to 1900 and is identified as requiring repairs.

Property Size3,492 SF
Price / SF$57.27
Days on Market869

Property Features for 46 Grace Street

General Information

Standard status Active
Size 3,492 SF
Property subtype Commercial
Zoning Res A

Property Condition

Severity Repairs Needed
Evidence in need of repair

Additional Details

Multifamily Units 5

Taxes and HOA fees

Annual Taxes $5,024

Building Details

Building Size 3,492 SF
Year Built 1900
Listing Agency: The New England Real Estate Company, LLC
Listed By: Lisa Decker Griffith
Source: Integrityhomesrealestategroup
Added: Jun 29, 2024 Changed: Nov 13 Last Checked: Nov 13 at 6:39PM

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 The New England Real Estate Company, LLC

Rey
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Investment Insights

Based on property information with market context.

This 3,492-square-foot apartment property contains five units and was built in 1900. The building requires repairs, and the town is willing to work with a new owner to bring it into code compliance. Res A zoning is listed for the property.

The site is on a level lot along Grace Street in Rockland, Maine, within walking distance of town.

Key Highlights

  • Five‑unit apartment property
  • 3,492‑square‑foot building, constructed in 1900
  • Repairs needed; town willing to work with new owner on bringing the property to code

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

808
Businesses Nearby

Demographics for 04841, ME

6,936
Population
4,073
Households
1.7
Avg Household Size
48
Median Age
36%
College-Educated
91%
High-School Grad
12.8 sq mi
ZIP Area
542
Density / Sq Mi
$55,276
Median Household Income
$35,874
Median Earnings
$986
Median Rent
$234,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The Res A property dates to 1900 and is identified as requiring repairs.
Where is this apartment building located?
The property is located at 46 Grace Street Rockland, ME.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Five‑unit apartment property; 3,492‑square‑foot building, constructed in 1900; Repairs needed; town willing to work with new owner on bringing the property to code
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