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$395,000
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Property Description
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.
Full Property Details
Full Property Details for 12 Grace St
General
- Price: $395,000
- Taxes: $5,010 (2025)
- Status: Active Under Contract
- Type: Multi-Family
- Source: MREIS
- MLS ID: 1673005
- Updated: 8/13/2026
- Added to Site: 37 day(s) ago
Interior
- Furnishings: Unfurnished
- Flooring: Carpet, Vinyl, Wood
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Exterior
- Porch/Patio/Deck: Deck
Parking
- Parking Features: Gravel, 5 - 10 Spaces, On-Site Parking
Location
- County: Knox
Heating & Cooling
- Cooling Type: None
- Heating Type: Gas Bottled, Propane, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Cape Cod
- Construction: Wood Frame, Vinyl Siding
- Basement: Yes
- Basement Desc.: Interior Entry, Unfinished
- Roof: Shingle
- Stories/Levels: 2
- Square Feet: 1,937
- Finished Total: 1,937 Sq. Ft.
- Finished Above Grnd: 1,937 Sq. Ft.
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.2
- Lot Size (Sq. Ft.): 8,712
- Zoning: Res. A
- Lot Description: Business District, Intown, Level
Financial Considerations
- Operating Expenses: $33,691
- Tax Amount: $5,010
- Tax Year: 2025
Disclosures and Reports
- Block: C
- Lot Number: 1
Listed by SVN The Masiello Group (207) 596-6095
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Schools
Schools serving 12 Grace St
School District:Regional School Unit 13
| Name | Grades | Distance |
|---|---|---|
South School 30 Broadway, Rockland, ME 04841 | K-5 | 0.6 mi |
Oceanside Middle School 47 Valley Street, Thomaston, ME 04861 | 6-8 | 4 mi |
Oceanside High School 400 Broadway, Rockland, ME 04841 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 12 Grace St
Date
Details
Price
Change
Source
7/22/2026
Listed
$395,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 12 Grace St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,010
19%
$302,200
76%
2024
$4,198
1%
$171,500
—
2023
$4,162
—
$171,500
—
2022
$4,162
7%
$171,500
—
2021
$3,876
1%
$171,500
—
2020
$3,824
-1%
$171,500
10%
2019
$3,845
7%
$155,300
—
2018
$3,584
4%
$155,300
—
2017
$3,460
3%
$155,300
—
2016
$3,373
2%
$155,300
—
2015
$3,292
5%
$155,300
—
2014
$3,131
3%
$155,300
—
2013
$3,031
—
$155,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 12 Grace St
12 Grace Street, Rockland, ME 04841 (MLS# 1673005) is a Multi-Family property with 4 units containing 0 bedrooms and 4 full bathrooms. 12 Grace Street is currently listed for $395,000 and was received on July 22, 2026. Want to learn more about 12 Grace Street? Do you have questions about finding other Multi-Family real estate for sale in Rockland? You can browse all Rockland real estate or contact a Coldwell Banker agent to request more information.

