Closed

$400,000

585 Maine Avenue, Farmingdale, ME 04344

9beds

5,200sqft

Multi Family

Built in 1950

-- sqft lot

$-- Zestimate^®

$77/sqft

$1,663 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,663/mo

Zestimate^® history

Owner options

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$1,663/mo

Rent Zestimate^®

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$2,525/mo

Est. payment

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$2,525/mo

Est. payment

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What's special

Ample parking

585 Maine Avenue is a five-unit multifamily property with two first floor residential units, three second floor residential units, and a large, two car garage space on the basement level of the property. Laundry currently onsite for tenant use. Site has ample parking. 591 Maine avenue is a separate office building also offered for sale in conjunction with this listing. Formerly a retail coffee shop. The property is currently tenanted. Maine Avenue provides convenient access between Augusta and Gardiner, lending itself nicely to a reliable, steady tenant base. Pro forma available in listing.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9
Bathrooms: 6
Full bathrooms: 6

Heating

Baseboard

Cooling

None

Features

Flooring: Carpet, Vinyl
Basement: Exterior Entry,Full,Unfinished

Interior area

Total structure area: 5,200
Total interior livable area: 5,200 sqft
Finished area above ground: 2,600
Finished area below ground: 2,600

Property

Parking

Total spaces: 2
Parking features: Common, 5 - 10 Spaces, Basement
Garage spaces: 2

Lot

Size: 0.65 Acres
Features: Business District, Retail Strip, Open Lot

Details

Parcel number: FAREM31L107
Zoning: Commercial

Construction

Type & style

Home type: MultiFamily
Architectural style: High Rise,Other
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Wood Frame, Aluminum Siding, Brick, Shingle Siding, Vinyl Siding
Foundation: Poured Concrete
Roof: Shingle

Condition

Year built: 1950

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: Utilities On

Community & HOA

Location

Region: Farmingdale

Financial & listing details

Price per square foot: $77/sqft
Tax assessed value: $324,200
Annual tax amount: $7,538
Date on market: 3/27/2026
Road surface type: Paved

Price history

Date	Event	Price
5/28/2026	Sold	$400,000$77/sqft
Source: Maine Listings #1655576 Report a problem
3/30/2026	Pending sale	$400,000$77/sqft
Source: Maine Listings #1655576 Report a problem
3/27/2026	Listed for sale	$400,000$77/sqft
Source: Maine Listings #1655576 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$7,781 +7.9%	$324,200 +0.2%
2023	$7,214 +8.8%	$323,500
2022	$6,632 +17.8%	$323,500
2021	$5,629 -0.6%	$323,500
2020	$5,661 +2%	$323,500
2019	$5,548 +5.2%	$323,500
2018	$5,273 +1.6%	$323,500
2017	$5,192 +4.6%	$323,500
2016	$4,966 +7.7%	$323,500
2015	$4,610 +1.8%	$323,500
2014	$4,529 +6.1%	$323,500
2013	$4,270	$323,500