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11-Unit Apartment Building
For Sale
$1,500,020

85 Union Street, Rockland, ME 04841

MULTI_FAMILY - Rockland, ME

Property Size11,820 SF
Lot Size0.26 Acres
Price / SF$126.91
Days on Market47

Property Features for 85 Union Street

General Information

Property type Residential Multi Family
Property subtype Other
Bathrooms 11
Full bathrooms 11
Rooms Bathroom 4, Bathroom 3, Bathroom 6, Bathroom 11, Bathroom 8, Bathroom 5, Bathroom 2, Basement, Bathroom 1, Bathroom 9, Bathroom 10, Bathroom 7
Basement Unfinished
Lot features Open, Near Shopping, Near Town
Standard status Active
Size 11,820 SF
Lot size 0.26 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 16393

Utilities

Heating system Hot Water(Heating), Natural Gas
Cooling system Central Air

Building Details

Year built 1880
Number of units 11
Flooring type Wood
Building materials Wood Frame, Vinyl Siding
Listing Agency: Keller Williams Realty
Listed By: Edward Baldacci · License #BA930083
Added: Jun 18 Changed: Aug 1 Last Checked: Aug 3 at 1:06PM
MLS# 1667188

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.

Investment Insights

Based on property information with market context.

85 Union Street is an 11-unit apartment building in Rockland, ME, featuring seven one-bedroom units and four two-bedroom units. The property includes renovated units described as well-maintained, with numerous updates throughout.

The building has approximately 11,820 square feet of space on a 0.26-acre lot. Constructed in 1880 with wood frame construction and vinyl siding, the property uses hot water heating supplied by natural gas and includes central air.

The asset is being offered as part of a larger three-building, 27-unit Rockland multifamily portfolio, with the properties located in close proximity to one another. Buyers may acquire the individual building or consider the broader portfolio for additional scale.

Key Highlights

  • 11‑unit apartment building with seven one‑bedroom units and four two‑bedroom units
  • 0.26‑acre lot with approximately 11,820 SF
  • Renovated, well‑maintained units described with numerous updates

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Auto Parts Store HVAC Service Hair Salon (Bike/Boat/Book/etc) Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11
Residential units

Location Intelligence

Trade Area within ½ mile

827
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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 11-unit apartment building with central air and natural gas hot water heat, featuring seven one-bed and four two-bed units.
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 with seven one‑bedroom units and four two‑bedroom units; 0.26‑acre lot with approximately 11,820 SF; Renovated, well‑maintained units described with numerous updates
More about this property
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