Five-Unit Apartment
515 Falls Bridge Road, Blue Hill, ME 04614
For Sale
$999,000
Multi-Family, Blue Hill, ME
Property Size7,700 SF
Lot Size2.05 Acres
Price / SF$129.74
Days on Market124
Property Features for 515 Falls Bridge Road
General Information
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Bathrooms
Full bathrooms
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Patio and Porch features
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Building Details
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Listing Agency:
The Christopher Group, LLC
(877) 350-4409
Listed By:
Molly Dwyer
(207) 266-1298
Added: Jul 7
Changed: Oct 27
Last Checked: Nov 7 at 8:06AM
MLS# 1667224
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
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This 7,700-square-foot wood-frame apartment property occupies 2.05 surveyed acres and contains five residences across four levels. The unit mix includes two larger apartments of approximately 1,900 square feet, each with two to three bedrooms and two baths, along with one- and two-bedroom units and a seasonal loft apartment. Interior finishes include wood, tile, vinyl, carpet, and laminate flooring, while several units feature walk-in closets and showers.
Constructed in 1958, the property has received a newer roof, kitchen updates, and propane-fired central hot-water heating. Additional site features include a patio, open parking, a private well, and a septic tank. The property is approximately one-half mile from the South Blue Hill Wharf, with Blue Hill amenities about five miles away and Brooklin’s harbor and waterfront village seven miles away.
Constructed in 1958, the property has received a newer roof, kitchen updates, and propane-fired central hot-water heating. Additional site features include a patio, open parking, a private well, and a septic tank. The property is approximately one-half mile from the South Blue Hill Wharf, with Blue Hill amenities about five miles away and Brooklin’s harbor and waterfront village seven miles away.
Key Highlights
- Five apartments arranged across four levels within a 7,700‑square‑foot building
- Situated on 2.05 surveyed acres in South Blue Hill
- Unit mix includes two- to three‑bedroom, one‑bedroom, two‑bedroom, and seasonal loft apartments
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
6
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Demographics for 04614, ME
2,792
Population
2,199
Households
1.3
Avg Household Size
52
Median Age
49%
College-Educated
92%
High-School Grad
62.5 sq mi
ZIP Area
45
Density / Sq Mi
$70,164
Median Household Income
$36,076
Median Earnings
$332,500
Median Home Value
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Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Four-level residential property with varied apartment layouts, updated kitchens, and views toward Blue Hill Bay.
Where is this apartment building located?
The property is located at 515 Falls Bridge Road Blue Hill, ME.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Five apartments arranged across four levels within a 7,700‑square‑foot building; Situated on 2.05 surveyed acres in South Blue Hill; Unit mix includes two- to three‑bedroom, one‑bedroom, two‑bedroom, and seasonal loft apartments
