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705 Maine Ave 2 Unit Apartment Building Offered at $425,000 Farmingdale, ME 04344

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INVESTMENT HIGHLIGHTS

  • The main building (705 Maine Ave) is a 3 bedroom 1 bath home.
  • Abuts the Kennebec River Rail Trail
  • The rear building (707 Maine Ave), is currently set up as an apartment with 1 bedroom and 1 bath.

EXECUTIVE SUMMARY

Opportunities like this are increasingly rare on Maine Avenue. Situated on 5 elevated acres overlooking the Kennebec River, this property features two buildings and exceptional flexibility for commercial, mixed-use, or residential investment.
The rear structure (707 Maine Ave) is currently configured as a 1-bedroom, 1-bath apartment and can be adapted for a variety of uses—including office space, a rental unit, or conversion into a two-car garage with workspace or commercial space above. The main building (705 Maine Ave) offers a 3-bedroom, 1-bath layout that could serve as office headquarters, staff housing, or redevelopment into a commercial or multi-unit income property.
The expansive grounds include a large open yard with direct access to the Kennebec River Rail Trail, a popular walking and biking route that links Augusta to Gardiner—an attractive amenity for employees, tenants, or customers.
With high visibility, ample land, and multiple structures, this property is ideal for commercial operations, a multi-family investment, or an owner-user seeking on-site workspace with additional rental income potential.

PROPERTY FACTS

Price $425,000
Price Per Unit $212,500
Sale Type Investment
No. Units 2
Property Type
Multifamily
  • Office Office Residential
Building Class C
Building Size 2,042 SF
No. Stories 2
Year Built 1900

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
4+2 2 - -
  • Listing ID: 36737844

  • Date on Market: 7/15/2025

  • Last Updated:

  • Address: 705 Maine Ave, Farmingdale, ME 04344

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