Seller's Agent in 2025
Shirley Erickson
The Christopher Group, LLC
(207) 522-1561
34 Total Sales
17 Bruce St Machias, ME 04654
--
Bed
4
Baths
1,650
Sq Ft
6,098
Sq Ft Lot
Highlights
- Ocean Front
- Deck
- Interior Lot
- Nearby Water Access
- No HOA
- Cooling Available
About This Home
As of February 2025LOOKING FOR A MULTI-FAMILY INVESTMENT PROPERTY WITH NO RENOVATIONS NEEDED? The heavy lifting has been done with this in-town, multi-family property consisting of four studio apartments with dedicated off-street parking for each unit. In the current configuration, the two main level units are unfurnished while the two second level units are fully furnished. Over the past several months, the units have been occupied by a combination of short-and long-term tenants. There are numerous possibilities for future tenants such as traveling medical professionals, workforce housing, university faculty or students, and vacation rentals. Another option is to owner occupy one unit and generate income from the other three.
The cozy units have been tastefully finished and reflect both simplicity and functionality. Each unit has a kitchen with upgraded cabinetry and solid surface countertops, a bathroom with shower, and a sizable combined living room/bedroom area. The second level units share an outdoor deck. There is the possibility to expand up by using the large attic to provide more living space for one or both second level units. Each unit has an energy efficient heat pump. The convenient intown location is within walking distance to amenities such as shops, eateries, library, post office, university, and much more. The Machias Bay area is the perfect spot for residents and visitors to enjoy a wide-range of outdoor activities such as hiking, kayaking, biking, and ATVing. Nearby Jasper Beach, Roque Bluffs State Park, and the Bold Coast Trail are local treasures. Machias was settled in 1763 and serves as the commercial, educational, medical, cultural, and governmental center of Maine's easternmost county.
A rare find in today's marketplace, this multi-family property was extensively renovated in 2024. This is an excellent investment opportunity in Machias with a strong demand for rental properties. Furniture in the second level units conveys. Seller concessions available.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,987
Year Built
- Built in 1970
Lot Details
- 6,098 Sq Ft Lot
- Ocean Front
- Interior Lot
- Level Lot
Home Design
- Concrete Foundation
- Slab Foundation
- Wood Frame Construction
- Shingle Roof
- Composition Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 4 Full Bathrooms
- 1,650 Sq Ft Home
- Laminate Flooring
Parking
- No Driveway
- Paved Parking
- On-Site Parking
- Off-Street Parking
Outdoor Features
- Nearby Water Access
- River Nearby
- Deck
Location
- Property is near shops
- City Lot
Utilities
- Cooling Available
- Heat Pump System
- Baseboard Heating
- Natural Gas Not Available
- Electric Water Heater
- Internet Available
Listing and Financial Details
- Exclusions: Security camera system
- Tax Lot 65
- Assessor Parcel Number 17BruceStreetMachias04654
Community Details
Overview
- No Home Owners Association
- 4 Units
Pet Policy
- Pets Allowed
Building Details
- Operating Expense $7,750
- Gross Income $48,300
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 27, 2015
Closed on
Jun 11, 2015
Sold by
Bought by
Seller's Agent
Jefferson Clark
RE/MAX Hills and Harbors Realty
Buyer's Agent
Nicole Ball
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$35,000
Sold Price
$36,000
Premium/Discount to List
$1,000
2.86%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
0.0365%
Mortgage Type
Commercial
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Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $36,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $268,000 | ||
| Closed | $100,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/10/2025 02/10/25 | Sold | $337,500 | -6.2% | $205 / Sq Ft | |
| 12/07/2024 12/07/24 | Pending | -- | -- | -- | |
| 11/30/2024 11/30/24 | For Sale | $359,900 | +899.7% | $218 / Sq Ft | |
| 06/10/2015 06/10/15 | Sold | $36,000 | +2.9% | $18 / Sq Ft | View Prior Sale |
| 04/21/2015 04/21/15 | Pending | -- | -- | -- | |
| 03/25/2015 03/25/15 | For Sale | $35,000 | -- | $18 / Sq Ft |
Source: Maine Listings
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $2,071 | $120,400 | $31,900 | $88,500 |
| 2024 | $1,776 | $120,400 | $31,900 | $88,500 |
| 2023 | $1,682 | $74,100 | $22,300 | $51,800 |
| 2022 | $1,604 | $73,900 | $22,300 | $51,600 |
| 2021 | $1,530 | $73,900 | $22,300 | $51,600 |
| 2020 | $1,530 | $73,900 | $22,300 | $51,600 |
| 2019 | $1,604 | $73,900 | $22,300 | $51,600 |
| 2018 | $1,604 | $73,900 | $22,300 | $51,600 |
| 2017 | $1,559 | $73,900 | $22,300 | $51,600 |
| 2015 | $1,797 | $88,500 | $22,300 | $66,200 |
| 2014 | $1,770 | $88,500 | $22,300 | $66,200 |
| 2013 | -- | $88,500 | $22,300 | $66,200 |
Source: Public Records
Agents Affiliated with this Home
-
Shirley Erickson
-
Andy Yau
Buyer's Agent in 2025
Andy Yau
RE/MAX
(603) 969-6216
171 Total Sales
-
J
Seller's Agent in 2015
Jefferson Clark
RE/MAX Hills and Harbors Realty
-
M
Seller Co-Listing Agent in 2015
Melissa Clark
RE/MAX Hills and Harbors Realty
-
Nicole Ball
Buyer's Agent in 2015
Nicole Ball
Better Homes & Gardens Real Estate/The Masiello Group
(207) 263-8218
131 Total Sales
Map
Source: Maine Listings
MLS Number: 1610395
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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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