$750,000
PENDING $139K PRICE DROP

49 Water St Eastport, ME 04631

Estimated payment $4,501/month

Total Views 28,682
-- Bed
3 Baths
4,312 Sq Ft
$174 Price per Sq Ft

Highlights

  • Ocean Front
  • Access to Tidal Water
  • The property is located in a historic district
  • Docks
  • Boat Slip
  • Deck

About This Home

Introducing The Commons, an elegantly restored 2-story brick commercial building in the heart of Eastport's historic waterfront district, now available for new ownership. The building underwent a comprehensive restoration guided by a respected architect & expert in historic rehabilitations, including the recent complete rebuilding of its south exterior wall. This cherished landmark is poised to remain a vital part of Eastport's future. Originally rebuilt in 2003-04, The Commons has been meticulously maintained with recent upgrades: electrical improvements, two new boilers (2021), and fresh exterior paint. Affectionately named 'The Commons' by the six women who acquired it 2 decades ago, the 1886 landmark embodies resilience & dedication to the community. It is part of the 31 structures that make up Eastport's National Historic District. Spanning 4,313 sq. ft., the building offers four distinct commercial spaces, including two charming suites on the second floor. Each suite offers stunning water views, complete with decks, two bedrooms, 2 full baths, kitchen, living room, laundry facilities, & tasteful furnishings. The first floor is home to three businesses: an art gallery & online shop showcasing local artists, a street-level commercial office space with an ongoing multi-year lease, plus additional office space, & a shared kitchenette and bathroom. Currently operating as a break-even venture, The Commons provides a blank canvas with immense potential for enterprising individuals. Whether you choose to reside in one suite while renting out the other, continue to lease the suites, or run your own business on the 1st floor, the opportunities are endless. Bring your vision, determination, & aspirations for the city's bright future to this idyllic location, where commercial spaces are embraced by breathtaking water vistas stretching across the deep water harbor & working waterfront, reaching out to Campobello & the western isles of Canada.

Listing Agent

Elizabeth Banwell

Legacy Properties Sotheby's International Realty Listed on: 01/15/2025

Legacy Properties Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,800

Year Built

  • Built in 1886

Lot Details

  • 2,614 Sq Ft Lot
  • Ocean Front
  • Level Lot
  • Open Lot

Parking

  • No Driveway

Property Views

  • Water
  • Scenic Vista

Home Design

  • Brick Exterior Construction
  • Concrete Foundation
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Membrane Roofing
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 2-Story Property
  • Laundry on upper level

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Access to Tidal Water
  • Nearby Water Access
  • Deep Water Access
  • Boat Slip
  • Docks
  • Deck

Location

  • The property is located in a historic district
  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Internet Available

Listing and Financial Details

  • Tax Lot 40
  • Assessor Parcel Number 49-55waterstreeteastport04631

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • The community has rules related to deed restrictions

Building Details

  • Operating Expense $15,251
  • Gross Income $130,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,800

Year Built

Built in 1886

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.06
  • Road Surface Type: Paved
  • Water Body Name: Eastport Harbor; Passamaquoddy Bay
  • MLS Status: Pending
  • Directions: GPS friendly
  • Above Grade Finished Sq Ft: 2151.0
  • Architectural Style: Other
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Building Stories: 2
  • Year Built: 1886
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 348.68
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.06
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2151.0
  • Property Information:SqFt Finished Below Grade: 2161.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Primary Bedroom wBath: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 130000.0
  • Income Expenses Operating Expenses: 15251.0
  • Foundation Materials:PillarPostPier: Yes
  • Location:Historic District: Yes
  • Recreational Water:Nearby: Yes
  • Recreational Water:Oceanfront: Yes
  • Recreational Water:Waterfront Deep: Yes
  • Equipment:Internet Access Available: Yes
  • Driveway:No Driveway: Yes
  • Property Information:Deed Restrictions: Yes
  • View:Scenic: Yes
  • Recreational Water:Waterfront Tidal: Yes
  • Parking Other Parking: Yes
  • Exterior:Brick: Yes
  • Transportation:Deep Water Access: Yes
  • Recreational Water:Dock: Yes
  • Roof:Membrane: Yes
  • Building Info:_pound_ Floors3: 2
  • Construction:Masonry: Yes
  • Recreational Water:Boat Slip: Yes
  • Advertising Remarks:Advertising Remarks: Introducing The Commons, an elegantly restored 2-story brick commercial building in the heart of Eastport's historic waterfront district, now available for new ownership. The building underwent a comprehensive restoration guided by a respected architect & expert in historic rehabilitations, including the recent complete rebuilding of its south exterior wall. This cherished landmark is poised to remain a vital part of Eastport's future. Originally rebuilt in 2003-04, The Commons has been meticulously maintained with recent upgrades: electrical improvements, two new boilers (2021), and fresh exterior paint. Affectionately named 'The Commons' by the six women who acquired it 2 decades ago, the 1886 landmark embodies resilience & dedication to the community. It is part of the 31 structures that make up Eastport's National Historic District. Spanning 4,313 sq. ft., the building offers four distinct commercial spaces, including two charming suites on the second floor. Each suite offers stunning water views, complete with decks, two bedrooms, 2 full baths, kitchen, living room, laundry facilities, & tasteful furnishings. The first floor is home to three businesses: an art gallery & online shop showcasing local artists, a street-level commercial office space with an ongoing multi-year lease, plus additional office space, & a shared kitchenette and bathroom. Currently operating as a break-even venture, The Commons provides a blank canvas with immense potential for enterprising individuals. Whether you choose to reside in one suite while renting out the other, continue to lease the suites, or run your own business on the 1st floor, the opportunities are endless. Bring your vision, determination, & aspirations for the city's bright future to this idyllic location, where commercial spaces are embraced by breathtaking water vistas stretching across the deep water harbor & working waterfront, reaching out to Campobello & the western isles of Canada.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Levels:Multi-Level3: Yes
  • Heat System:Zoned: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Furnished: Furnished
  • Other Equipment: Internet Access Available
  • Has Basement: Interior, Full, Unfinished
  • Full Bathrooms: 3
  • Below Grade Sq Ft: 2161.0
  • Flooring: Wood, Laminate, Carpet
  • Interior Amenities: Primary Bedroom w/Bath
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open, Level, Sidewalks, Historic District, Intown, Near Shopping
  • View: Scenic
  • Waterfront: No
  • Construction Type: Brick, Masonry, Wood Frame
  • Foundation Details: Gravel/Pad, Pillar/Post/Pier, Concrete Perimeter
  • Patio And Porch Features: Deck
  • Roof: Membrane, Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Driveway, Other

Utilities

  • Laundry Features: Upper Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Zoned, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2613.6
  • Parcel #: 49-55waterstreeteastport04631
  • Zoning: GSD. B1

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 130000.0
  • Annual Operating Expense: 15251.0

Tax Info

  • Tax Annual Amount: 6799.52
  • Tax Lot: 40
  • Tax Year: 2025

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2022 $4,677 $179,900 $19,600 $160,300
2021 $4,605 $179,900 $19,600 $160,300
2020 $4,677 $179,900 $19,600 $160,300
2019 $4,713 $179,900 $19,600 $160,300
2018 $4,821 $179,900 $19,600 $160,300
2017 $4,713 $179,900 $19,600 $160,300
2016 $4,560 $180,600 $19,600 $161,000
2015 $4,380 $180,600 $19,600 $161,000
2014 $4,154 $180,600 $19,600 $161,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2025 10/15/25 Pending -- -- --
02/04/2025 02/04/25 Price Changed $750,000 -11.8% $174 / Sq Ft
01/15/2025 01/15/25 For Sale $850,000 0.0% $197 / Sq Ft
12/31/2024 12/31/24 Off Market $850,000 -- --
11/06/2023 11/06/23 Price Changed $850,000 0.0% $197 / Sq Ft
11/06/2023 11/06/23 For Sale $850,000 +30.8% $197 / Sq Ft
05/26/2022 05/26/22 Off Market $650,000 -- --
10/04/2021 10/04/21 For Sale $889,000 -- $206 / Sq Ft
Source: Maine Listings

Source: Maine Listings

MLS Number: 1511024

Maine Listings

APN: EPRT-000007I-C000005-000040