1186 Eastern Ave Chelsea, ME 04330
Estimated payment $2,236/month
Highlights
- View of Trees or Woods
- Deck
- Post and Beam
- 2 Acre Lot
- Wooded Lot
- Main Floor Bedroom
About This Home
Here's your chance to own a unique and flexible property offering two residential units plus a commercial space — all situated on a generous 2-acre parcel of level land. Whether you're looking for rental income, a live/work setup, or future development potential, this property delivers.
The main floor features a spacious 2-bedroom, 1-bath apartment, while the upper-level rear unit offers a cozy 1-bedroom, 1-bath layout. The on-site commercial unit adds even more value and flexibility, with potential to convert into a third residential unit or turn the main floor apartment into an additional commercial space — or combine both for one larger commercial operation.
With easy access off the main road and just minutes from local amenities, this property combines convenience, versatility, and room to grow — making it a rare find with unlimited potential.
Cross listed with MLS #1636792
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,800
Year Built
- Built in 1990
Lot Details
- 2 Acre Lot
- Level Lot
- Open Lot
- Wooded Lot
Parking
- Gravel Driveway
Home Design
- Post and Beam
- Concrete Foundation
- Slab Foundation
- Wood Frame Construction
- Shingle Roof
- Wood Siding
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 3,200 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Views of Woods
- Laundry on main level
Flooring
- Carpet
- Linoleum
- Laminate
Bedrooms and Bathrooms
- Main Floor Bedroom
- 2 Full Bathrooms
- Bathtub
- Shower Only
Unfinished Basement
- Partial Basement
- Sump Pump
Outdoor Features
- Deck
- Shed
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Oil
- Heating System Uses Propane
- Heating System Mounted To A Wall or Window
- Natural Gas Not Available
- Well
- Electric Water Heater
- Septic Tank
- Septic Design Available
- Private Sewer
- Internet Available
Community Details
- No Home Owners Association
- 2 Units
Listing and Financial Details
- Tax Lot 074
- Assessor Parcel Number CHEA-000016-000000-000074
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,800 | $249,989 | $63,000 | $186,989 |
| 2023 | $3,552 | $199,991 | $50,400 | $149,591 |
| 2022 | $3,374 | $199,991 | $50,400 | $149,591 |
| 2021 | $3,242 | $166,659 | $42,000 | $124,659 |
| 2019 | $3,242 | $166,659 | $42,000 | $124,659 |
| 2018 | $3,325 | $166,659 | $42,000 | $124,659 |
| 2017 | $3,263 | $166,659 | $42,000 | $124,659 |
| 2016 | $3,017 | $166,659 | $42,000 | $124,659 |
| 2015 | $3,000 | $166,659 | $42,000 | $124,659 |
| 2014 | $2,867 | $166,659 | $42,000 | $124,659 |
| 2013 | $2,997 | $166,659 | $42,000 | $124,659 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/06/2025 09/06/25 | For Sale | $355,000 | -- | $111 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $135,000 | Commercial | |
| Previous Owner | $158,284 | FHA | |
| Previous Owner | $155,000 | Commercial | |
| Previous Owner | $91,000 | Commercial |
Source: Maine Listings
MLS Number: 1636790
APN: CHEA-000016-000000-000074
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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