For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Multi-Family Apartment Building with Bay Views Title is generated by Realmo AI

    515 Falls Bridge Road, Blue Hill, ME 04614

    View on Map
    Claim this Listing
    New
    For Sale
    $1,125,000

    MULTI_FAMILY - Blue Hill, ME

    Property size:
    7,700 SF
    Lot size:
    2.05 Acres
    Price / SF:
    $146/SF
    Added:
    Jun 15, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 16 at 1:06 pm

    Property Features for 515 Falls Bridge Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bathrooms
    7
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 6, Bathroom 5, Bathroom 4, Bathroom 7, Bathroom 3
    Parking features
    Open
    Patio and Porch features
    Patio
    Interior features
    Walk-in Closets, One-Floor Living, Shower
    Standard status
    Active
    Size
    7,700 SF
    Lot size
    2.05 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    6254

    Utilities

    Sewer type
    Private Sewer, Septic Tank
    Heating system
    Natural Gas, Baseboard, Hot Water(Heating), Propane (Heating)
    Water source
    Well, Private

    Building Details

    Year built
    1958
    Floors in Building
    4
    Number of units
    5
    Flooring type
    Carpet, Laminate, Wood, Tile, Vinyl
    Building materials
    Wood Frame, Shingle Siding
    Roof type
    Composition, Shingle
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Molly Dwyer

    Listing agent Molly Dwyer

    Listing office The Christopher Group, LLC 16B South Street, Blue Hill, ME

    Listing date Jun 15, 2026

    MLS# 1667224 Listing URL

    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.

    HighLights

    • 5‑apartment multi‑unit building in a 7,700± SF structure across four levels
    • Two large ~1,900‑SF apartments on the first and second floors, each with 2–3 bedrooms and 2 baths
    • Third floor includes a 1‑bedroom and a 2‑bedroom apartment; top floor loft‑style apartment rented seasonally
    • 2.05 surveyed acres perched above Blue Hill Bay; many apartments have Blue Hill Bay views
    • Significant improvements include a newer roof, updated kitchens, and propane‑fired central hot water heating
    • On‑site utilities include well water with private sewer and septic tank; open parking and a patio

    Overview

    Perched above Blue Hill Bay on 2.05 surveyed acres, this distinctive apartment building was originally built in 1958 and later transformed into a recording studio and creative gathering place. Today, the 7,700± square foot structure is arranged across four levels and includes five apartments. The first and second floors each feature spacious approximately 1,900-square-foot units with two to three bedrooms and two baths. The third floor has a one-bedroom and a two-bedroom apartment, and the top floor offers a loft-style unit rented seasonally. Updates completed to date include a newer roof, updated kitchens, and a propane-fired central hot water heating system, with additional areas that may be modernized further.

    Located in South Blue Hill at 515 Falls Bridge Road, the property is about one-half mile from the South Blue Hill Wharf. Blue Hill’s shops, restaurants, library, YMCA, hospital, and arts organizations are approximately five miles away, and Brooklin’s harbor, WoodenBoat School, and waterfront village are about seven miles from the building.

    The current configuration supports multi-unit residential use, and the building’s layout may also lend itself to office, studio, retreat, artist residency, or live/work uses, subject to local approvals. It may appeal to buyers seeking a residential income property with room for improvement, or an owner-operator looking for a flexible creative setting.
    Property Profile Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Blue Hill
    County
    Hancock
    State
    Maine
    Longitude
    -68.552576
    Latitude
    44.349794

    FAQs

    What type of property is this?
    Apartment building - Five-apartment building with multiple Bay Hill Bay views, modernized updates, and flexible live/work or studio potential.
    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 $1,125,000.
    What are key features of this property?
    This property features: 5‑apartment multi‑unit building in a 7,700± SF structure across four levels; Two large ~1,900‑SF apartments on the first and second floors, each with 2–3 bedrooms and 2 baths; Third floor includes a 1‑bedroom and a 2‑bedroom apartment; top floor loft‑style apartment rented seasonally
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message