$329,000

340 Main Rd Passadumkeag, ME 04475

Estimated payment $2,006/month

Total Views 1,319
-- Bed
2 Baths
4,464 Sq Ft
$74 Price per Sq Ft

Highlights

  • Nearby Water Access
  • Forced Air Heating System
  • Level Lot
  • No HOA
  • Concrete Flooring
  • Wood Siding

About This Home

Discover a versatile investment opportunity with 340 Main Road, a multi-use property set on 1.99± acres in the small community of Passadumkeag. This property features two well-maintained apartments and a large, adaptable ground-floor space, offering strong income potential and room for future expansion.

Upstairs, you will find a comfortable 1-bedroom unit and a spacious 3-bedroom apartment with an enclosed porch, both with solid rental histories, making this a great option for owner-occupants or investors looking for immediate cash flow.

The lower level was previously used as a general store and lunch counter but is now a blank slate, ready to be reimagined. With proper approvals, this space could be converted into additional rental units, a workshop, studio space, or a live/work setup, depending on your vision.

Whether you're looking to expand your rental portfolio, start a small business, or create a custom living space, 340 Main Road offers flexibility and value in a rural setting.

Listing Agent

Chelsea Ireland

NextHome Experience Listed on: 10/02/2025

NextHome Experience

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,376

Year Built

  • Built in 1984

Lot Details

  • 1.99 Acre Lot
  • Rural Setting
  • Level Lot
  • Open Lot

Parking

  • Gravel Driveway

Home Design

  • 4,464 Sq Ft Home
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding

Flooring

  • Carpet
  • Laminate
  • Concrete
  • Vinyl

Outdoor Features

  • Nearby Water Access
  • River Nearby

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Propane
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic Tank
  • Septic Design Available
  • Private Sewer
  • Internet Available

Additional Features

  • 2 Full Bathrooms
  • Washer and Dryer Hookup
  • City Lot

Listing and Financial Details

  • Tax Lot 38
  • Assessor Parcel Number 340MainRoadPassadumkeagMaine04475

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $5,000
  • Gross Income $19,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,376

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 1.99
  • Road Surface Type: Paved
  • MLS Status: Active
  • Directions: From I-95 take exit 217 toward Howland, follow Route 115 through Howland over the bridge to West Enfield, take a right on Route 2, 6.8+/- miles to the property on the right.
  • Above Grade Finished Sq Ft: 4464.0
  • Architectural Style: Other
  • Garage Yn: No
  • Year Built: 1984
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 73.7
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.99
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 4464.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Foundation Materials:Slab: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 19200.0
  • Income Expenses Operating Expenses: 5000.0
  • Exterior:Wood Siding: Yes
  • Sewer:Private Sewer: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Recreational Water:RiverBrookStream: Yes
  • Basement:Slab2: Yes
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Bank Owned REO: No
  • Sewer:Septic Design Available: Yes
  • Floors:Concrete2: Yes
  • Advertising Remarks:Advertising Remarks: Discover a versatile investment opportunity with 340 Main Road, a multi-use property set on 1.99± acres in the small community of Passadumkeag. This property features two well-maintained apartments and a large, adaptable ground-floor space, offering strong income potential and room for future expansion. Upstairs, you will find a comfortable 1-bedroom unit and a spacious 3-bedroom apartment with an enclosed porch, both with solid rental histories, making this a great option for owner-occupants or investors looking for immediate cash flow. The lower level was previously used as a general store and lunch counter but is now a blank slate, ready to be reimagined. With proper approvals, this space could be converted into additional rental units, a workshop, studio space, or a live/work setup, depending on your vision. Whether you're looking to expand your rental portfolio, start a small business, or create a custom living space, 340 Main Road offers flexibility and value in a rural setting.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Sewer:Septic Tank: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Other Equipment: Internet Access Available
  • Has Basement: Not Applicable
  • Full Bathrooms: 2
  • Flooring: Vinyl, Laminate, Concrete, Carpet

Exterior Features

  • Lot Features: Open, Level, Intown, Rural
  • Waterfront: No
  • Construction Type: Wood Siding, Vinyl Siding, Wood Frame
  • Foundation Details: Slab
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 21+ Spaces, Gravel

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Other Heat System, Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Septic Tank, Private Sewer, Septic Design Available
  • Utilities: Utilities On
  • Water Source: Well, Private

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 86684.4
  • Parcel #: 340MainRoadPassadumkeagMaine04475
  • Zoning: Res/Commercial

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 19200.0
  • Annual Operating Expense: 5000.0

Tax Info

  • Tax Annual Amount: 3376.0
  • Tax Lot: 38
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2025 10/02/25 For Sale $329,000 -- $74 / Sq Ft
Source: Maine Listings

Source: Maine Listings

MLS Number: 1639544

Maine Listings
Maine Penobscot County Passadumkeag 04475

340 Main Rd, Passadumkeag, ME

For Sale

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Chelsea Ireland
Listing Agent
Chelsea Ireland
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NextHome Experience
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