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About This Home

This 0-bedroom, 11-bathroom residential multi family at 85 Union Street in Rockland, ME is listed for $1,500,020 ($127 per sqft). Built in 1880, the home offers 11,820 sqft of living space on a 0.26 acres lot.

Agent 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.

Key Features

  • Built in 1880
  • 0.26 acre lot

Property Details

11 full
1880

Amenities

A/C

Monthly Cost Estimate

$8,022/mo

20% down · 6.5% · 30 years

Principal$1,085
Interest$6,500
Insurance$438

Estimates only. Actual payments may vary.

Location

85 Union Street

Rockland, ME 04841

Property Details

Flooring

Wood

Construction

Wood Frame Vinyl Siding

Heating

Natural GasHot Water(Heating)

Cooling

Central Air

Questions & Answers

This 0-bedroom, 11-bathroom residential multi family at 85 Union Street is listed at $1,500,020 ($127/sqft). The estimated monthly payment is $6,500 based on 20% down at 6.5% interest.

Key features include: Built in 1880, 0.26 acre lot.

This property is listed by Edward Baldacci and can be reached at 2079392969 or ebaldacci@kw.com.

EB

Edward Baldacci

Agent at Keller Williams Realty

(207) 939-2969

Listed by Keller Williams Realty · View on Broker Site

MLS# 1667188· Source: listhub· Updated today

Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

85 Union Street, Rockland, ME 04841

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