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$1,500,020
 $8,052 est/mo Sourced by Back At You

85 Union Street,Rockland, ME 04841

Rockland, ME 04841

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Description

Exceptional multifamily investment opportunity in the heart of Rockland. 85 Union Street is an 11-unit apartment building comprised of seven one-bedroom units and four two-bedroom units, ideally situated just moments from downtown Rockland's thriving waterfront, restaurants, retail destinations, and employment centers. The property features attractive, well-maintained renovated units with numerous updates, offering investors a stable asset in one of Midcoast Maine's strongest and most desirable rental markets. Current rents provide the opportunity for future growth, allowing investors to unlock additional value through strategic rent increases while benefiting from reliable in-place cash flow. Located in a highly walkable neighborhood with strong tenant demand, 85 Union Street offers an appealing combination of location, quality, and upside potential. The property's proximity to downtown amenities, healthcare services, and major employers continues to support long-term occupancy and rental growth. 85 Union Street is being offered as part of a larger three-building, 27-unit Rockland multifamily portfolio, with all properties located in close proximity to one another. Investors have the opportunity to acquire an individual asset or pursue additional scale through the portfolio offering. A rare opportunity to acquire a well-positioned multifamily property in a supply-constrained market with a desirable unit mix, immediate income, and long-term upside potential.

Details

MLS #1667188
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1880
Days On Site129
Listing Provided ByKeller Williams Realty | Edward Baldacci

Features

Bath(s) 11 Total
SQ Feet11,820
BasementY
Units11
Zoning00
Acreage0.26

Interior

Heating Yes / NoYes
Cooling Yes / NoYes
CoolingCentral Air

Exterior

RoofOther
Foundation DetailsOther
Lot FeaturesBusiness District, Near Shopping, Near Town, Open Lot
Construction MaterialsWood Frame, Vinyl Siding

Parking

Attached Garage Yes / NoYes
Garage Yes / NoNo
Parking FeaturesPaved, 5 - 10 Spaces

Utilities

SewerUnknown
ElectricUnknown

Taxes

Tax Annual Amount16393
Tax Book Number6103
Tax Year2025
Tax Lot000017
Tax Map Number004

Area Information

StateME
CountyKnox
CityRockland
Zip Code04841
AreaKnox
Listing VS Median (in 04841)
Price:
$1,500,020
low | high
Med:
$439,000
100% of Average
sqft:
11,820
low | high
Med:
2,800
100% of Average
$ / sqft:
$127
low | high
Med:
$157
26.454504416132% of Average
On site:
129
low | high
Med:
226
57.079646017699% of Average
Sourced by Back At You

Market Activity 04841

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Additional Information

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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. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.

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Learn More About This Property

Penny Wood

Penny Wood

HK Realty

051694 (603) 944-2857penny.wood@h-krealty.com
StateME
CountyKnox
CityRockland
Zip Code04841
AreaKnox
Listing VS Median (in 04841)
Price:
$1,500,020
low | high
Med:
$439,000
100% of Average
sqft:
11,820
low | high
Med:
2,800
100% of Average
$ / sqft:
$127
low | high
Med:
$157
26.454504416132% of Average
On site:
129
low | high
Med:
226
57.079646017699% of Average
Sourced by Back At You
Listing Updated: September 28, 2026 at 7:04:14 PM PDT

Penny Wood - HK Realty