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    Castine, ME
    Multifamily

    Castine, ME Multifamily Properties for Sale

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    Islesboro, ME Brooksville, ME Penobscot, ME Searsport, ME Stockton Springs, ME Orland, ME Northport, ME Sedgwick, ME
    Mixed-Use Building with Retail Space
    Updated: Jan 7
    Mixed-Use Building with Retail Space

    3 Main Street, Castine, ME 04421

    $1,495,000
    5,000 sqft 0.10 AC lot
    5,000‑square‑foot mixed‑use building
    Three commercial spaces and four residential units
    Building has stood since 1765
    Corner position at Main Street and Water Street
    Near the Castine town dock
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Castine, ME, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Building with Office Space
    Mixed-Use Building with Office Space

    230 Searsport Avenue, Belfast, ME 04915

    $595,000
    4,213 sqft 0.58 AC lot

    First-floor offices are paired with two one-bedroom apartments and paved parking.

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    6-Unit Apartment Building
    6-Unit Apartment Building

    109 Northport Avenue, Belfast, ME 04915

    $1,050,000
    2,774 sqft 0.64 AC lot

    Well-maintained Colonial property with updated heating, basement laundry, public utilities, and paved tenant parking.

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    Oceanfront Two-Home Multifamily Property
    Oceanfront Two-Home Multifamily Property

    8 Navy Street Ext., Searsport, ME 04974

    $1,500,000
    3,450 sqft 0.95 AC lot

    Two residences share a waterfront parcel with a private beach, year-round living space, and flexible guest or household accommodations.

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    Mixed-Use Property with Restaurant
    Mixed-Use Property with Restaurant

    2527 25 And 27 E Main St, Searsport, ME 04974

    $1,125,000
    6,500 sqft

    Two connected buildings combine commercial operations, apartments, event equipment, and rear parking in one flexible asset.

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    Castine, ME Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Castine, ME on our real estate platform. These investment opportunities span a total of 5,000 square feet of properties for sale, with an estimated market value of $1,495,000.

    Sale prices for multifamily properties in Castine, ME average $1,495,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 1,222
    Population Growth (5Y) +0.7%
    Median Household Income $111,500
    College Educated 61.1%

    High-Yield Neighborhoods for Investment

    Identify Castine submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    04421 $1.5M

    Taxes & Financing

    Tax Rate (average for all types) 1.18%
    Tax Rate vs County Average 0.09 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Hancock County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Hancock County

    Office

    Residential Income

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