Prime multifamily investment opportunity in the heart of Downtown Rockland. Ideally situated a short distance from Main Street, banks, professional offices, restaurants, shopping, and the waterfront harbor, this well-maintained property offers both convenience and long-term investment appeal. The property consists of four one-bedroom residential units and has established a strong history of occupancy, providing investors with a stable and reliable income stream. Its desirable downtown location, consistent rental demand, and proximity to Rockland's business district and harbor make this an exceptional opportunity for both seasoned and first-time investors seeking a quality income-producing asset with long-term appreciation potential. Each unit is separately metered for water, sewer and electricity. Heat consists of Rinnai heaters. Individual propane tanks for each unit.

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Tax Information

Parcel Number ROCD-000020B-000000-002000
Taxes$5,010

Location

Address12 Grace Street
Building Number12
CountyKnox
StateME
StreetGrace Street
TownRockland
Zip04841

Interior

Furnished Unfurnished

Utilities

Electric Circuit Breakers
Heat SystemGas Bottled, Propane, Forced Air
Heating YN Yes
Waste Water DisposalPublic Sewer

Other

Date Listed07/22/2026
Unit 1 Full Baths 1
Unit 1 Lease Yes
Unit 1 Level First
Unit 1 Monthly Rent $1,300
Unit 1 Rooms 3
Unit 1 Water Yes
Unit 2 Full Baths 1
Unit 2 Lease Yes
Unit 2 Level Second
Unit 2 Monthly Rent $1,300
Unit 2 Rooms 3
Unit 2 Water Yes
Unit 3 Full Baths 1
Unit 3 Level First
Unit 3 Monthly Rent $800
Unit 3 Rooms 3
Unit 4 Full Baths 1
Unit 4 Lease Yes
Unit 4 Level Second
Unit 4 Monthly Rent $800
Unit 4 Rooms 3

Parking

Parking Features Gravel,5 - 10 Spaces, On Site

Basic Information

List Price$395,000
MLS Number1673005
Property TypeMulti-Family
StatusACT
Virtual TourView Tour

Property

Road Surface Type Paved

Exterior

RoofShingle

Property Information

Acreage0.2
Lot Features Business District, Intown, Level
Square Feet1,937

Legal

ZoningRes. A

Rooms

Bathroom4
Bathrooms Total Decimal 4
Full Bath4

Building

BasementInterior Entry, Unfinished
Building Info Heating Units 4
Building Info Water Heaters 4
Flooring Carpet, Vinyl, Wood
Patio And Porch Features Deck
Property StyleCape Cod
Stories2
Units4
Year Built1900

Amenities

Other AmenitiesBasement

Water Body

Water AccessPublic

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All Maine Homes participates in ©2026 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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12 Grace StreetRockland, ME 04841MLS Number 1673005

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