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11 Baths
11,820 sqft

$1,500,020

85 Union Street, Rockland ME, 04841

Built in1880
Property size11,820 sqft
Property typeMulti-family
Courtesy of Keller Williams Realty

Overview

Active

Listed Jun 15, 2026

Updated Aug 21

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.

$9,980/mo

Est. mortgage payment based on a $1,500,020 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1667188

Interior Features

Bathrooms
11
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.26 Acres

Other Property Details

Taxes
$16,393
Tax Frequency
Annually
MLS provider logo

Listing Contact: 207-939-2969

Listed by Edward Baldacci with Keller Williams Realty 207-939-2969

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. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Cates Real Estate - Southern Maine shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data is refreshed every 3 hours. Listing last updated at 5:17 PM UTC, 8/21/2026

 

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