11-Unit Apartment Building with Mixed
For Sale
$1,500,020
85 Union Street, Rockland, ME 04841
11-unit building with seven one-bedroom and four two-bedroom apartments, offered as part of a three-building portfolio.
Property Size11,820 SF
Price / SF$126.91
Days on Market89
Property Features for 85 Union Street
General Information
Standard status
Active
Size
11,820 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
11
Building Details
Year Built
1880
Listing Agency:
Keller Williams Realty
Listed By:
Edward Baldacci
(603) 866-2942
Source:
Profoundrealestate
Added: Jun 5
Changed: Aug 31
Last Checked: Aug 31 at 7:55PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
85 Union Street is an 11-unit apartment building featuring seven one-bedroom units and four two-bedroom units. The property includes renovated, well-maintained apartments with numerous updates, designed to support long-term rental use.
The building is located in Rockland, just moments from downtown and the waterfront, with convenient access to restaurants, retail destinations, and employment centers. This walkable, amenity-oriented setting is intended to help support consistent occupancy.
The property is being offered as part of a larger three-building, 27-unit Rockland multifamily portfolio, with the buildings located in close proximity. An individual asset acquisition is available, or buyers may pursue the broader portfolio for additional scale. Current rents are positioned to support potential future rent growth while maintaining in-place cash flow.
The building is located in Rockland, just moments from downtown and the waterfront, with convenient access to restaurants, retail destinations, and employment centers. This walkable, amenity-oriented setting is intended to help support consistent occupancy.
The property is being offered as part of a larger three-building, 27-unit Rockland multifamily portfolio, with the buildings located in close proximity. An individual asset acquisition is available, or buyers may pursue the broader portfolio for additional scale. Current rents are positioned to support potential future rent growth while maintaining in-place cash flow.
Key Highlights
- 11‑unit apartment building built in 1880 in Rockland
- Unit mix: seven 1‑bedroom units and four 2‑bedroom units
- Offered as part of a larger three‑building, 27‑unit Rockland multifamily portfolio
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 11-unit building with seven one-bedroom and four two-bedroom apartments, offered as part of a three-building portfolio.
Where is this apartment building located?
The property is located at 85 Union Street Rockland, ME.
What is the asking price?
The asking price for this property is $1,500,020.
What are key features of this property?
This property features: 11‑unit apartment building built in 1880 in Rockland; Unit mix: seven 1‑bedroom units and four 2‑bedroom units; Offered as part of a larger three‑building, 27‑unit Rockland multifamily portfolio
