Multifamily

Millinocket, ME Multifamily Properties for Sale

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East Millinocket, ME Medway, ME Molunkus Twp, ME Milo, ME Lake View Plt, ME Mattawamkeag, ME Woodville, ME Seboeis Plt, ME
Updated Duplex with 2BR Units
Updated: Mar 3
Updated Duplex with 2BR Units

68 Prospect Street, Millinocket, ME 04462

$164,900
2,000 sqft
Updated duplex with two 2‑bedroom, 1‑bath apartments
Each unit includes spacious living areas
Heat pump and hot water heating; cooling is heat pump
Vinyl siding and wood‑frame construction with shingle roof
Concrete perimeter foundation
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Multi-Family Investment Property
Updated: Apr 11
Multi-Family Investment Property

52 Central St, Millinocket, ME 04462

Contact for pricing
7‑unit multifamily property with initial renovation work underway.
New roof and new vinyl siding completed in 2021.
Rental income flexibility: rent units monthly and/or weekly (buyer’s choice).
Located within walking distance to town and close to Mt. Katahdin.
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See what stands out in Penobscot County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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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.

Four-Unit Multifamily Property
Four-Unit Multifamily Property

135 North Road, Patten, ME 04765

$249,000
2,297 sqft 0.92 AC lot

Flexible four-residence layout with private utilities, on-site laundry, and a two-car garage with screened patio conversion.

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Four-Unit Recreational Quadplex
Four-Unit Recreational Quadplex

135 North Rd, Patten, ME 04765

$249,000
2,297 sqft 1.00 AC lot

Four distinct units support owner occupancy alongside monthly, weekly, or longer-term rental arrangements.

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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 2,000 square feet of properties for sale, with an estimated market value of $164,900.

Sale prices for multifamily properties in Millinocket, ME average $164,900 — 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

Apartment buildings 1
Duplexes 1

Demographics Overview

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

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
04462 $164.9K

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)

Average Property Price per SF

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

Retail

Office

Residential Income

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