85 Union Street, Rockland, ME 04841

$1,500,020
Property Type: Multi-Family Baths: 11 Square Footage: 11,820 Lot Size (sq. ft.): 11,326 Status: Active
Current Price: $1,500,020 List Date: 6/15/2026 Last Modified: 6/18/2026

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.

Supplements: ********

More Information MLS# 1667188

Location Information

Street #: 85 Street Name: Union Street Type: Street County: Knox Town: Rockland State/Province: ME Zip Code: 04841 Zip +4: 2924 Leased Land: No Book: 6103 Page: 309 Map: 004 Lot: 000017 Zoning: 00 Zoning Overlay: No Association: No Full Tax Amount $: 16393 Tax Year: 2025 Tree Growth Y/N: Yes Geo Lat: 44.105343 Geo Lon: -69.111084

Contract Information

Status: Active Original List Price: 1500020 List Price: $1,500,020 Current Price: $1,500,020

Property Information

Surveyed: Unknown Seasonal: No Number of Units: 11 Total Baths: 11 Total Full Baths: 11 Year Built: 1880 SqFt Finished Above Grade: 11820 SqFt Finished Total: 11820 SqFt Source: Public Records Garage: No Lot Size Acres +/-: 0.26 Source of Acreage: Public Records

Water Info

Water Frontage: No Water View: No

Units

# of 1 BD Units: 7 # of 2 BD Units: 4

Unit 1

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1185 # Full Baths: 1 # of Rooms: 2 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: No Range: No Refrigerator: Yes Sewer: Yes Water: Yes

Unit 2

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1275 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: No Range: No Refrigerator: Yes Sewer: Yes Water: Yes

Unit 3

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1250 # Full Baths: 1 # of Rooms: 2 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: No Range: No Refrigerator: Yes Sewer: Yes Water: Yes

Unit 4

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1200 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: No Range: No Refrigerator: Yes Water: Yes

Unit 5

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: No Range: No Refrigerator: Yes Sewer: Yes Water: Yes

Unit 6

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1380 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: No Range: No Refrigerator: Yes Sewer: Yes Water: Yes

Unit 7

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1285 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: No Range: No Refrigerator: Yes Sewer: Yes Water: Yes

Unit 8

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1325 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: No Range: No Refrigerator: Yes Sewer: Yes Water: Yes

Unit 9

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1275 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: No Range: No Refrigerator: Yes Sewer: Yes Water: Yes

Unit 10

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1385 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: No Range: No Refrigerator: Yes Sewer: Yes Water: Yes

Unit 11

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1325 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: No Range: No Refrigerator: Yes Sewer: Yes Water: Yes

Vehicle Storage

Attached: 1

Property Features

Site: Open Location: Business District; Near Shopping; Near Town Roads: Paved Style: Other Levels: Multi-Level Construction: Wood Frame Basement: Unfinished Basement Entry: Exterior Only Foundation Materials: Other Exterior: Vinyl Siding Roof: Other Heat System: Hot Water Heat Fuel: Gas Natural Water Heater: Oil Cooling: Central Air Floors: Wood Driveway: Paved Parking: 5 - 10 Spaces Electric: Unknown Gas: Natural - On Site Sewer: Unknown Water: Unknown
Listing Office: Keller Williams Realty
Last Updated: June - 18 - 2026
85 Union Street, Rockland, ME 04841- MLS# 1667188
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