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  • $185,000

    371 Main Street, Old Town, ME 04468

    7beds
    3,168sqft
    Multi Family
    Built in 1900
    -- sqft lot
    $291,700 Zestimate®
    $58/sqft
    $1,708 Estimated rent

    Home value

    $291,700

    $239,000 - $341,000

    $1,708/mo

    Zestimate® history
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    Rent Zestimate®

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    $947/mo

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    $947/mo

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    What's special

    Majestic 2 unit located in the heart of Old Town on the corner of a one-way street is a SOLID investment! This location is an easy walk to Downtown restaurants, shops and the waterfront park on the Mighty Penobscot river. Boat launch and airport nearby too! The University of Maine's Orono Campus Park Street entrance is located just 3.2 miles West. UMaine forest, hiking and ski trails, bike paths and excellent schools and parks are all in close proximity. This property offers a newer roof, 5 fireplaces (not in use), natural gas hwbb heat, a sunroom/ utility room, an attic with 2 rooms and an unfinished daylight basement that also had a fireplace, a cistern, and some sort of Brick barrel vault arch or oven. Back in the logging and train station days travelers stopped here for a meal I hear! With its same family ownership for nearly 50 years and gross income of $30,000 this local landmark can offer a great opportunity for you! Home is being sold as-is. The first floor unit is overdue for a good going through/updates!

    Zillow last checked: 7 hours ago

    Listing updated: January 14, 2025 at 07:07pm

    Listed by:

    Executive Realty

    Bought with:

    Better Homes & Gardens Real Estate/The Masiello Group

    Source: Maine Listings,MLS#: 1568113MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 4
    • Full bathrooms: 2
    • 1/2 bathrooms: 2
    Heating
    • Baseboard, Direct Vent Furnace, Hot Water, Zoned, Other
    Cooling
    • Other
    Features
    • 1st Floor Bedroom, Attic, One-Floor Living
    • Flooring: Carpet, Laminate, Vinyl, Wood
    • Basement: Walk-Out Access,Daylight,Full,Unfinished,Brick/Mortar
    • Number of fireplaces: 5
    Interior area
    • Total structure area: 3,168
    • Total interior livable area: 3,168 sqft
    • Finished area above ground: 3,168
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Gravel, 5 - 10 Spaces, Off Street
    Features
    • Levels: Multi/Split
    • Patio & porch: Patio, Porch
    • Body of water: Penobscot
    Lot
    • Size: 0.30 Acres
    • Features: City Lot, Near Shopping, Near Railroad, Corner Lot, Level, Open Lot, Wooded
    Details
    • Parcel number: OLDNM026L065
    • Zoning: R-2

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial,Federal,Other
    • Property subtype: Multi Family
    Materials
    • Masonry, Wood Frame, Brick
    • Foundation: Brick/Mortar
    • Roof: Pitched,Shingle
    Condition
    • Year built: 1900

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Utilities On, Pole

    Community & neighborhood

    Location
    • Region: Old Town

    Other

    Other facts
    • Road surface type: Paved

    Price history

    DateEventPrice
    11/12/2024Listing removed$230,000$73/sqft
    Source: Maine Listings #1590120 Report a problem
    7/27/2024Price change$230,000-2.1%$73/sqft
    Source: Maine Listings #1590120 Report a problem
    6/3/2024Price change$235,000-4.1%$74/sqft
    Source: Maine Listings #1590120 Report a problem
    5/18/2024Listed for sale$245,000+32.4%$77/sqft
    Source: Maine Listings #1590120 Report a problem
    1/29/2024Sold$185,000-7%$58/sqft
    Source: Maine Listings #1568113 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$3,890 $219,800
    2023$3,890 +22.3%$219,800 +45.1%
    2022$3,182 -6.3%$151,500 +2%

    Find assessor info on the county website

    Neighborhood: 04468

    Nearby schools

    GreatSchools rating
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