402 Main St

Presque Isle, ME 04769

$265,000
Last Sold Price
5
Beds
2,000 Sq. Ft.
$133 / Sq. Ft.
2,000
Sq. Ft.
$133
per Sq. Ft.

Description

Prime Multi-Family & Commercial Investment Opportunity in Presque Isle! Located at 400 Main Street, Presque Isle, ME 04769, this Row-Inside style, 5-unit building offers an incredible mix of residential and commercial spaces, making it a fantastic investment opportunity. The property features three residential rental units with interior access and a back porch, perfect for long-term tenants. Additionally, it includes two ground-floor commercial units with excellent Main Street visibility, ideal for...Prime Multi-Family & Commercial Investment Opportunity in Presque Isle! Located at 400 Main Street, Presque Isle, ME 04769, this Row-Inside style, 5-unit building offers an incredible mix of residential and commercial spaces, making it a fantastic investment opportunity. The property features three residential rental units with interior access and a back porch, perfect for long-term tenants. Additionally, it includes two ground-floor commercial units with excellent Main Street visibility, ideal for retail, office space, or small businesses. With a full basement and updated electrical, heating, and plumbing, this property is move-in ready for both tenants and business owners. Whether you're expanding your investment portfolio or seeking a prime in-town income property, 400 Main Street offers exceptional potential! Schedule your showing today!
  1. Listed by Leigh Smith • RE/MAX County

Property Details for 402 Main Street

Waterfront
No
ArchitecturalStyle
Row-Inside
Garage
No
Zoning
Retail Business
LISTING UPDATED: 03/07/2025 08:24 AM

Property Details for 402 Main Street

StatusClosed
MLS #1614985
Days on Market1
Taxes$3,140 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built1878
Lot Size0.08 AC / 3,484 SF
CountyAroostook County

Location

Listing Courtesy of RE/MAX County

Sold By RE/MAX County

Add your commute

Building Information for 402 Main Street

Stories-Residences3Year Built1878Building Size-Lot Size0.08 AC / 3,484 SF

Payment Calculator

$1,650 per month

30 year fixed, 6.845% Interest

Principal and Interest

$1,388

Property Taxes

$262

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 402 Main Street

Summary
Location and General Information
  • Road Surface Type: Paved
  • Zip Code: 2686
  • Town: Presque Isle
  • State/Province: ME
  • Zip Code: 04769
  • County: Aroostook
  • Geo Latitude: 46.679895
  • Geo Longitude: -68.015356
  • Tax Lot: 402
  • Site:Level: Yes
  • Location:Intown: Yes
Parking
  • Parking Features: Gravel, Off Street
  • Attached Garage: No
Taxes and HOA Information
  • Tax Book Number: 5096
  • Tax Block: 127
  • Tax Map Number: 035
  • Tax Year: 2024
  • Parcel Number: PREE-000035-000127-000402
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $3,140.00
Property
Heating and Cooling
  • Water Heater:Off Heating System: Yes
  • Water Heater:Oil: Yes
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 2000.0
  • Lot Size Acres: 0.08
  • Source of Acreage: Public Records
  • Building Area Total: 2000.0
  • Lot Size Area: 0.08
  • Lot Size Units: Acres
  • Lot Size Square Feet: 3484.8
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Street Number: 402
  • Property Information:Surveyed: Yes
  • Property Information:Seasonal: No
  • Property Information:Total Half Baths: .00
Parking
  • Driveway:Gravel: Yes
Property and Assessments
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Year Built: 1878
Utilities
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities:Utilities On: Yes
  • Gas:No Gas: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Siding, Wood Frame
  • Vehicle Storage:No Vehicle Storage: Yes
  • Roof: Membrane
Interior Features
  • Basement: Full, Interior Entry, Unfinished
  • Flooring: Wood, Carpet
  • Cooling: None
  • Heating: Baseboard
  • Foundation Details: Concrete Perimeter
  • Bathrooms Total (Integer): 3
  • Bathrooms Total (Decimal): 3.00
  • Bathrooms Total (Notational): 3.00
  • Cooling YN: No
  • Heating YN: Yes
Multi Family
Income & Expenses Information
  • Gross Income: $39,362.00
  • Operating Expenses: $17,158.00
Multi-Family Information
  • Number of Units: 3
Unit 1
  • Unit 1:Lease: Yes
  • Unit 1:Level: Second
  • Unit 1:Security Deposit: Yes
  • Unit 1:Monthly Rent: $950.00
  • Unit 1:# Full Baths: 1.00
  • Unit 1:# of Half Baths: .00
  • Unit 1:# of Rooms: 5.00
  • Unit 1:# of Bedrooms: 2.00
  • Unit 1:Dedicated Electric Meter: Yes
  • Unit 1:Dedicated Gas Meter: No
  • Unit 1:Dedicated Water Heater: No
  • Unit 1:Electric: No
  • Unit 1:Heat: Yes
  • Unit 1:Range: Yes
  • Unit 1:Refrigerator: Yes
  • Unit 1:Sewer: Yes
  • Unit 1:Water: Yes
Unit 2
  • Unit 2:Lease: Yes
  • Unit 2:Level: Second
  • Unit 2:Security Deposit: Yes
  • Unit 2:Monthly Rent: $975.00
  • Unit 2:# Full Baths: 1.00
  • Unit 2:# Half Baths: .00
  • Unit 2:# of Rooms: 4.00
  • Unit 2:# of Bedrooms: 2.00
  • Unit 2:Dedicated Electric Meter: Yes
  • Unit 2:Dedicated Gas Meter: No
  • Unit 2:Dedicated Water Heater: No
  • Unit 2:Electric: Yes
  • Unit 2:Heat: Yes
  • Unit 2:Range: Yes
  • Unit 2:Refrigerator: Yes
  • Unit 2:Sewer: Yes
  • Unit 2:Water: Yes
Unit 3
  • Unit 3:Lease: Yes
  • Unit 3:Level: First
  • Unit 3:Security Deposit: Yes
  • Unit 3:Monthly Rent: $735.00
  • Unit 3:# Full Baths: 1.00
  • Unit 3:# Half Baths: .00
  • Unit 3:# of Rooms: 3.00
  • Unit 3:# of Bedrooms: 1.00
  • Unit 3:Dedicated Electric Meter: Yes
  • Unit 3:Dedicated Gas Meter: No
  • Unit 3:Dedicated Water Heater: No
  • Unit 3:Electric: No
  • Unit 3:Heat: Yes
  • Unit 3:Range: Yes
  • Unit 3:Refrigerator: Yes
  • Unit 3:Sewer: Yes
  • Unit 3:Water: Yes
Unit Information
  • Units:# of 1 BD Units: 1
  • Units:# of 2 BD Units: 2
  • Units:# of 3 BD Units: 0
  • Units:# of 4+ BD Units: 0

Property History for 402 Main Street

DateEvent & SourcePriceAppreciation
Feb 28, 2025

Sold

Maine Listings #1614985

$265,000
Feb 26, 2025

Pending

Maine Listings #1614985

Feb 26, 2025

Active Under Contract

Maine Listings #1614985

Feb 13, 2025

Listed (Active)

Maine Listings #1614985

$300,000
Jan 15, 2025

Active Under Contract

Maine Listings #1614985

Jan 15, 2025

Listed (Active)

Maine Listings #1614985

$300,000
DateEvent & SourcePrice
02/28/2025

Sold

Maine Listings #1614985

$265,000
02/26/2025

Pending

Maine Listings #1614985

02/26/2025

Active Under Contract

Maine Listings #1614985

02/13/2025

Listed (Active)

Maine Listings #1614985

$300,000
01/15/2025

Active Under Contract

Maine Listings #1614985

01/15/2025

Listed (Active)

Maine Listings #1614985

$300,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 402 Main Street

Taxable ValueLand$30,000Additions$117,400Total$147,400
Tax Record2024$3,140 ($262 / month)
Home Facts
Stories1Lot Size3,485 SqFtStyleMiscellaneous CommercialYear Built1878ZoningRETAILCountyAROOSTOOKAPNPREE M:035 B:127 L:402

Schools near 402 Main Street

This home is within Regional School Unit 79 Msad 01.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 6 to 8
Public - 9 to 12
Public - 3 to 5
Rating
School
Distance
Pine Street Elementary School
PublicPK to 2

Presque Isle Middle School
Public6 to 8

Presque Isle High School
Public9 to 12

Eva Hoyt Zippel School
Public3 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of RE/MAX County

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.