4 Colonial Way MacHias, ME 04654
Estimated payment $5,833/month
Highlights
- Water Views
- Wood Flooring
- Forced Air Heating System
- Federal Architecture
- No HOA
- 1-minute walk to Middle River Park
About This Home
This exquisitvely maintained 3-story commercial building represents a unique business opportunity! As this beautiful river front historical town enters a new period of growth and restoration, this commercial and residential building dominates the central walking riverfront & Bad Little Falls Park (Main Street), and business district. This location is central to concerts, events, shopping, restaurants, and banking (just a gentle stroll). The building (13,226 sq. Ft.) houses 6 street entry level commercial spaces and 4 apartments (2-1 bdrm, 2-2 bdrm). This business is proud to say that there is (and has been consisently) 100% occupancy, and it is profitable. The building's striking architecture is visible from most in-town locations, and it's historical value is invaluable. Note: Income/Expenses for apartments & commercial spaces combined are available to qualified buyers.
Listing Agent
Better Homes & Gardens Real Estate/The Masiello Group Listed on: 12/12/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,875
Year Built
- Built in 1928
Lot Details
- 0.39 Acre Lot
Property Views
- Water
- Scenic Vista
Home Design
- Federal Architecture
- Flat Roof Shape
Interior Spaces
- 4 Full Bathrooms
- 13,226 Sq Ft Home
- 3-Story Property
- Exterior Basement Entry
Flooring
- Wood
- Carpet
- Tile
Utilities
- No Cooling
- Forced Air Heating System
- Baseboard Heating
- Hot Water Heating System
Listing and Financial Details
- Tax Lot 74
- Assessor Parcel Number 1191
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Operating Expense $1
- Gross Income $1
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 | $5,896 | $399,700 | $93,700 | $306,000 |
| 2023 | $8,433 | $371,500 | $65,500 | $306,000 |
| 2022 | $8,062 | $371,500 | $65,500 | $306,000 |
| 2021 | $7,690 | $371,500 | $65,500 | $306,000 |
| 2020 | $6,111 | $295,200 | $65,500 | $229,700 |
| 2019 | $6,406 | $295,200 | $65,500 | $229,700 |
| 2018 | $6,406 | $295,200 | $65,500 | $229,700 |
| 2017 | $6,229 | $295,200 | $65,500 | $229,700 |
| 2015 | $5,993 | $295,200 | $65,500 | $229,700 |
| 2014 | $5,904 | $295,200 | $65,500 | $229,700 |
| 2013 | $5,904 | $295,200 | $65,500 | $229,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/12/2025 12/12/25 | For Sale | $1,000,000 | +174.0% | $76 / Sq Ft | |
| 02/11/2016 02/11/16 | Sold | $365,000 | -3.9% | $27 / Sq Ft | View Prior Sale |
| 12/08/2015 12/08/15 | Pending | -- | -- | -- | |
| 11/18/2015 11/18/15 | For Sale | $379,900 | -- | $28 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $292,000 | Purchase Money Mortgage |
Source: Maine Listings
MLS Number: 1646499
APN: MCHA-000011-000000-000074
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