Incredible In-Town Investment Opportunity!
Don't miss this versatile and income-generating property in a prime Church Street location. Situated on a single parcel, this unique offering includes a finished one-bedroom studio apartment — approximately 600± sq. ft. — perfect for rental income or personal use.
Also on the lot is a two-unit main building currently mid-renovation, presenting an ideal project for investors or owner-occupants looking to customize. The downstairs unit is a blank canvas—stripped to the studs and ready for you or your builder to design the layout of your dreams. The upstairs unit features three bedrooms and a kitchen and is in the advanced stages of renovation, ready for your finishing touches.
Live in the studio while you renovate, rent it out for steady cash flow, or transform the entire property into a multi-unit gem. With endless potential and a sought-after in-town location, this is a rare find for buyers with vision.
Come explore the possibilities on Church Street today!
Closed
$315,000
41 Church Street, Damariscotta, ME 04543
5beds
2,480sqft
Single Family Residence
Built in 1920
0.36 Acres Lot
$318,300 Zestimate®
$127/sqft
$3,226 Estimated rent
Home value
$318,300
Estimated sales range
Not available
$3,226/mo
Zestimate® history
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Owner options
List your home for rent
$3,226/mo
Rent Zestimate®
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Learn more$3,226/mo
Rent Zestimate®
Refinance and save
$1,576/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
See today's rates$1,576/mo
Est. payment
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: October 06, 2025 at 04:31pm
Listed by:
Engel & Volkers Casco Bay
Bought with:
Engel & Volkers Casco Bay
Source: Maine Listings,MLS#: 1622166
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Bedroom 1
- Level: First
- Area: 194.54 Square Feet
- Dimensions: 13.7 x 14.2
Bedroom 2
- Level: First
- Area: 445.5 Square Feet
- Dimensions: 19.8 x 22.5
Bedroom 3
- Level: Second
- Area: 148.14 Square Feet
- Dimensions: 13.11 x 11.3
Bedroom 4
- Level: Second
- Area: 152.07 Square Feet
- Dimensions: 13.7 x 11.1
Bedroom 5
- Level: First
Bonus room
- Level: Second
- Area: 230.16 Square Feet
- Dimensions: 16.8 x 13.7
Family room
- Level: Second
- Area: 165.91 Square Feet
- Dimensions: 12.11 x 13.7
Kitchen
- Level: First
- Area: 250.4 Square Feet
- Dimensions: 13.11 x 19.1
Kitchen
- Features: Eat-in Kitchen
- Level: Second
- Area: 422.4 Square Feet
- Dimensions: 24 x 17.6
Kitchen
- Level: First
Living room
- Level: First
- Area: 205.97 Square Feet
- Dimensions: 18.39 x 11.2
Living room
- Level: First
Heating
- Direct Vent Heater, Other
Cooling
- None
Appliances
- Included: Microwave, Electric Range, Refrigerator
Features
- Flooring: Laminate, Other, Vinyl, Wood
- Basement: Interior Entry,Dirt Floor,Daylight,Other,Brick/Mortar,Unfinished
- Number of fireplaces: 1
Interior area
- Total structure area: 2,480
- Total interior livable area: 2,480 sqft
- Finished area above ground: 2,480
- Finished area below ground: 0
Property
Parking
- Parking features: Other, Paved, 1 - 4 Spaces, On Site, Off Street
Features
- Levels: Multi/Split
- Patio & porch: Deck
Lot
- Size: 0.36 Acres
- Features: Business District, City Lot, Near Shopping, Near Town, Neighborhood, Other, Retail Strip, Shopping Mall, Open Lot, Sidewalks
Details
- Parcel number: DAMAM006L092
- Zoning: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: New Englander,Other
- Property subtype: Single Family Residence
Materials
- Wood Frame, Asbestos, Clapboard, Vinyl Siding, Wood Siding
- Foundation: Block, Stone, Gravel/Pad, Pillar/Post/Pier, Brick/Mortar
- Roof: Shingle
Condition
- Year built: 1920
Utilities & green energy
- Electric: On Site, Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Damariscotta
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/6/2025 | Sold | $315,000-10%$127/sqft |
Source:  Maine Listings #1622166 Report a problem | ||
| 9/19/2025 | Pending sale | $350,000$141/sqft |
Source: Maine Listings #1622195 Report a problem | ||
| 7/11/2025 | Price change | $350,000-5.4%$141/sqft |
Source: Maine Listings #1622195 Report a problem | ||
| 5/10/2025 | Listed for sale | $370,000$149/sqft |
Source: Maine Listings #1622166 Report a problem | ||
| 4/26/2025 | Listing removed | $370,000$149/sqft |
Source: Maine Listings #1605716 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,840 +18.2% | $261,600 |
| 2023 | $4,094 +12.1% | $261,600 +19.3% |
| 2022 | $3,651 +4.7% | $219,300 |
Find assessor info on the county website
Neighborhood: 04543
Nearby schools
GreatSchools rating
- 8/10Great Salt Bay Community SchoolGrades: K-8Distance: 2 mi
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- Maine
- Lincoln County
- Damariscotta
- 04543
- 41 Church Street