38 Spring St Belfast, ME 04915
Estimated payment $3,914/month
Highlights
- Colonial Architecture
- No HOA
- Baseboard Heating
- Wood Flooring
- Forced Air Heating System
- 3-minute walk to Heritage Park
About This Home
Unlock the potential of this rare commercial offering in vibrant downtown Belfast. Situated on a generous 0.29-acre lot, this versatile property includes a professional building with four private office suites and a 2-bedroom apartment (880 sq ft) — ideal for owner-occupancy, rental income, or live/work possibilities.
Also included is a separate structure housing seven individual storage units, generating steady income with minimal overhead.
Located in the sought-after Downtown Commercial Zone, this property offers incredible potential for future development, expansion, or reimagining to suit a variety of business or mixed-use ventures. All proposed changes to use should be discussed with the Belfast Planning & Code Department.
Whether you're an investor, entrepreneur, or developer, this is a unique chance to own a downtown footprint with built-in cash flow and room to grow.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,211
Year Built
- Built in 1875
Lot Details
- 0.29 Acre Lot
- Open Lot
Home Design
- 2,040 Sq Ft Home
- Colonial Architecture
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Fiberglass Roof
- Wood Siding
- Vinyl Siding
Flooring
- Wood
- Carpet
- Vinyl
Unfinished Basement
- Interior Basement Entry
- Sump Pump
Parking
- Driveway
- Paved Parking
- On-Street Parking
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Oil
- Heating System Uses Propane
- Heating System Mounted To A Wall or Window
- Baseboard Heating
- Hot Water Heating System
- Electric Water Heater
- Internet Available
Additional Features
- Outbuilding
Listing and Financial Details
- Tax Lot 29
- Assessor Parcel Number BELF-000011-000000-000029
Community Details
Overview
- No Home Owners Association
Building Details
- Operating Expense $22,659
- Gross Income $42,900
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 | $9,623 | $624,900 | $344,900 | $280,000 |
| 2023 | $4,957 | $246,600 | $86,200 | $160,400 |
| 2022 | $5,093 | $238,000 | $86,200 | $151,800 |
| 2021 | $5,236 | $238,000 | $86,200 | $151,800 |
| 2020 | $5,140 | $220,600 | $80,800 | $139,800 |
| 2019 | $4,967 | $216,900 | $80,800 | $136,100 |
| 2018 | $4,924 | $216,900 | $80,800 | $136,100 |
| 2017 | $4,750 | $216,900 | $80,800 | $136,100 |
| 2016 | $4,967 | $216,900 | $80,800 | $136,100 |
| 2015 | $4,859 | $216,900 | $80,800 | $136,100 |
| 2014 | $4,696 | $216,900 | $80,800 | $136,100 |
| 2013 | $4,512 | $216,900 | $80,800 | $136,100 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/21/2025 07/21/25 | Price Changed | $575,000 | -14.8% | $282 / Sq Ft |
| 09/03/2024 09/03/24 | For Sale | $675,000 | -- | $331 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- |
Source: Maine Listings
MLS Number: 1602052
APN: BELF-000011-000000-000029
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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