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.
Active
$575,000
38 Spring Street, Belfast, ME 04915
2beds
2,040sqft
Est.:
Multi Family
Built in 1875
-- sqft lot
$-- Zestimate®
$282/sqft
$-- HOA
What's special
- 473 days |
- 287 |
- 7 |
Zillow last checked: 8 hours ago
Listing updated: 10 hours ago
Listed by:
Worth Real Estate, Inc.
Source: Maine Listings,MLS#: 1602052
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Baseboard, Direct Vent Heater, Forced Air, Hot Water
Cooling
- None
Features
- Flooring: Carpet, Vinyl, Wood
- Basement: Interior Entry
Interior area
- Total structure area: 2,040
- Total interior livable area: 2,040 sqft
- Finished area above ground: 2,040
- Finished area below ground: 0
Video & virtual tour
Property
Lot
- Size: 0.29 Acres
- Features: Business District
Details
- Additional structures: Outbuilding
- Parcel number: BELFM011L029
- Zoning: Downtown Commercial
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Multi Family
Materials
- Roof: Fiberglass,Shingle
Condition
- Year built: 1875
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & HOA
Location
- Region: Belfast
Financial & listing details
- Price per square foot: $282/sqft
- Tax assessed value: $624,900
- Annual tax amount: $10,210
- Date on market: 9/3/2024
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 7/21/2025 | Price change | $575,000-14.8%$282/sqft |
Source: | ||
| 9/3/2024 | Listed for sale | $675,000$331/sqft |
Source: | ||
| 11/3/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 11/1/2023 | Price change | $1,300-7.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/30/2023 | Listed for rent | $1,400$1/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $9,623 +94.1% | $624,900 +153.4% |
| 2023 | $4,957 -2.7% | $246,600 +3.6% |
| 2022 | $5,093 -2.7% | $238,000 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,949/mo
Principal & interest
$2230
Property taxes
$518
Home insurance
$201
Climate risks
Neighborhood: 04915
Nearby schools
GreatSchools rating
- 7/10Captain Albert W. Stevens SchoolGrades: PK-5Distance: 0.6 mi
- 4/10Troy A Howard Middle SchoolGrades: 6-8Distance: 1.3 mi
- 6/10Belfast Area High SchoolGrades: 9-12Distance: 0.6 mi
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