38 Spring St Belfast, ME 04915
Estimated payment $3,875/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 | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
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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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