$569,000
$30K PRICE DROP

4 Chestnut St Rockland, ME 04841

Estimated payment $3,451/month

Total Views 23,587
-- Bed
5 Baths
3,922 Sq Ft
$145 Price per Sq Ft

Highlights

  • Federal Architecture
  • No HOA
  • Hot Water Heating System
  • Wood Flooring
  • Forced Air Heating System

About This Home

Spacious in-town lot with generously sized units, located a short distance from Rockland's downtown restaurants, shops, Hannaford, Planet Fitness, and more. The property features a large yard, ample parking. Consists of two - one-bedroom, one-bath units, one - two-bedroom, one bath unit and two efficiencies. Well-situated to benefit from Midcoast Maine's consistently strong rental market. Current rents are below market rent levels, offering excellent upside potential. The owner presently covers heating for all units, though heating costs are modest and could be easily shifted to tenants. Being sold separately now.

Listing Agent

Douglas Erickson

SVN The Masiello Group Listed on: 08/24/2025

SVN The Masiello Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,969

Year Built

  • Built in 1918

Lot Details

  • 12,632 Sq Ft Lot

Home Design

  • Federal Architecture
  • Shingle Roof

Interior Spaces

  • 5 Full Bathrooms
  • 3,922 Sq Ft Home
  • 3-Story Property
  • Exterior Basement Entry

Flooring

  • Wood
  • Carpet
  • Vinyl

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Mounted To A Wall or Window
  • Hot Water Heating System

Listing and Financial Details

  • Legal Lot and Block 014 / D
  • Assessor Parcel Number ROCD-000024D-000000-014000

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Operating Expense $23,426
  • Gross Income $60,725

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,969

Year Built

Built in 1918

Lot Details

0.29 Acres

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.29
  • MLS Status: Active
  • Directions: Property is located at the intersection of North Main and Chestnut Streets
  • Above Grade Finished Sq Ft: 3922.0
  • Architectural Style: Federal
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1918
  • Contract Information:List PriceSqFt: 145.08
  • Property Information:Seasonal: No
  • Water Info:Water View2: No
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Water Info:Island3: No
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Furnished: Unfurnished
  • Has Basement: Exterior Entry
  • Full Bathrooms: 5
  • Flooring: Carpet, Vinyl, Wood
  • Stories: 3

Exterior Features

  • Lot Features: Business District
  • Waterfront: No
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater, Forced Air, Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 12632.4
  • Parcel #: ROCD-000024D-000000-014000
  • Zoning: Res A

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 60725.0
  • Annual Operating Expense: 23426.0

Tax Info

  • Tax Annual Amount: 4969.0
  • Tax Block: D
  • Tax Lot: 014
  • Tax Year: 2024

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2025 11/04/25 Price Changed $569,000 -5.0% $145 / Sq Ft
08/24/2025 08/24/25 For Sale $599,000 -- $153 / Sq Ft
Source: Maine Listings

Source: Maine Listings

MLS Number: 1635367

Maine Listings
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