Prime multifamily investment opportunity in the heart of Downtown Rockland. Ideally situated a short distance from Main Street, banks, professional offices, restaurants, shopping, and the waterfront harbor, this well-maintained property offers both convenience and long-term investment appeal.
The property consists of four one-bedroom residential units and has established a strong history of occupancy, providing investors with a stable and reliable income stream. Its desirable downtown location, consistent rental demand, and proximity to Rockland's business district and harbor make this an exceptional opportunity for both seasoned and first-time investors seeking a quality income-producing asset with long-term appreciation potential.
Each unit is separately metered for water, sewer and electricity. Heat consists of Rinnai heaters. Individual propane tanks for each unit.
Active under contract
$395,000
12 Grace Street, Rockland, ME 04841
4beds
1,937sqft
Multi Family
Built in 1900
-- sqft lot
$375,900 Zestimate®
$204/sqft
$-- HOA
What's special
Four one-bedroom residential units
- 69 days
- 31
- 0
Zillow last checked:
Listing updated:
Listed by:
SVN The Masiello Group
Source: Maine Listings,MLS#: 1673005
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air
Cooling
- None
Features
- Flooring: Carpet, Vinyl, Wood
- Basement: Interior Entry,Unfinished
Interior area
- Total structure area: 1,937
- Total interior livable area: 1,937 sqft
- Finished area above ground: 1,937
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Parking features: Gravel, 5 - 10 Spaces, On Site
Features
- Stories: 2
- Patio & porch: Deck
Lot
- Size: 8,712 Square Feet
- Features: Business District, City Lot, Level
Details
- Parcel number: ROCD000020B000000002000
- Zoning: Res. A
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Cape Cod
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Stone, Granite
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Rockland
Financial & listing details
- Price per square foot: $204/sqft
- Annual tax amount: $5,010
- Date on market: 7/22/2026
- Road surface type: Paved
Estimated market value
$375,900
$357,000 - $395,000
$1,520/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2026 | Listing removed | $1,300$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/6/2026 | Contingent | $395,000$204/sqft |
Source:  Maine Listings #1673005 Report a problem | ||
| 8/1/2026 | Listed for rent | $1,300$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/22/2026 | Listed for sale | $395,000-12.2%$204/sqft |
Source: Maine Listings #1673005 Report a problem | ||
| 11/21/2025 | Listing removed | $450,000$232/sqft |
Source: Maine Listings #1640226 Report a problem | ||
| 11/12/2025 | Pending sale | $450,000$232/sqft |
Source: Maine Listings #1640226 Report a problem | ||
| 10/8/2025 | Listed for sale | $450,000$232/sqft |
Source: Maine Listings #1640226 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 04841
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