Multifamily

Millinocket, ME Multifamily Properties for Sale

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East Millinocket, ME Medway, ME Woodville, ME Molunkus Twp, ME Mattawamkeag, ME Seboeis Plt, ME Lincoln, ME Winn, ME
Three-Unit Residential Property
Updated: Oct 16
Three-Unit Residential Property

235 Bates Street, Millinocket, ME 04462

$199,000
3,485 sqft 0.30 AC lot
Three existing apartments: one three‑bedroom unit, one two‑bedroom unit, and one one‑bedroom unit
3,485 square feet on approximately 0.3 acres
Storage area with a half bath may allow a fourth unit, subject to applicable approvals
130 feet of frontage along Smith Brook
Public water and public sewer
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Triplex with Brook Frontage
Updated: Oct 16
Triplex with Brook Frontage

235 Bates St, Millinocket, ME 04462

$199,000
3,485 sqft 0.33 AC lot
Three apartments: one with 3 bedrooms, one with 2, and one with 1
3,485 square feet of building area
Storage area with a half bath; residential conversion subject to applicable approvals
Approximately one‑third of an acre
130 feet of frontage on Smith Brook
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Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in
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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Millinocket, 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.

Live-Work Mixed-Use Property
Live-Work Mixed-Use Property

101 Main Street, East Millinocket, ME 04430

$139,000
4,000 sqft 0.19 AC lot

Main Street commercial/residential offering with two buildings, a residence, storefront, duplex conversion, and substantial outbuilding.

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Mixed-Use Property with Storefront
Mixed-Use Property with Storefront

101 Main St, East Millinocket, ME 04430

$139,000
4,000 sqft 0.19 AC lot

Two buildings combine ground-floor retail, an upstairs residence, and a duplex renovation project.

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Waterfront Land with Mobile Home Sites
Waterfront Land with Mobile Home Sites

Lot 19 Old Farm Road, Medway, ME 04460

$154,900
226,512 sqft

Residential and commercial zoning supports approved mobile home sites, with two tenant-owned homes currently on month-to-month lot leases.

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Waterfront Land with River Frontage
Waterfront Land with River Frontage

Old Farm Road lot: 19B, Medway, ME 04460

$154,900
5.20 AC lot

5.2-acre waterfront parcel with approximately 400 feet of frontage on the West Branch of the Penobscot River.

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Millinocket, ME Multifamily Properties Market Trends and Statistics

Explore 2 multifamily properties for sale in Millinocket, ME on our real estate platform. These investment opportunities span a total of 6,970 square feet of properties for sale, with an estimated market value of $398,000.

Sale prices for multifamily properties in Millinocket, ME average $199,000 — 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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Quadplexes 1
Triplexes 1

Demographics Overview

Population 4,462
Population Growth (5Y) -3.4%
Median Household Income $44,167
College Educated 26.4%

Taxes & Financing

Tax Rate (average for all types) 2.91%
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Penobscot County

New Delisted

Total CRE Inventory on Market (SF)

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