3,978 Sq. Ft.
$50 / Sq. Ft.
3,978
Sq. Ft.
$50
per Sq. Ft.

Description

Attention investors! Here is an opportunity to acquire a fully occupied 4-unit property in downtown Presque Isle. 160 State Street consists of three 1-bedroom units and one 2-bedroom unit, offering an established income-producing setup. The location keeps exterior maintenance to a minimum with very little yard space to manage. Each first-floor unit has its own direct entrance from the sidewalk, while the two upstairs units share a common staircase. The units have been nicely maintained, and the building...Attention investors! Here is an opportunity to acquire a fully occupied 4-unit property in downtown Presque Isle. 160 State Street consists of three 1-bedroom units and one 2-bedroom unit, offering an established income-producing setup. The location keeps exterior maintenance to a minimum with very little yard space to manage. Each first-floor unit has its own direct entrance from the sidewalk, while the two upstairs units share a common staircase. The units have been nicely maintained, and the building is heated by an oil-fired hot water boiler. Each unit is separately metered for electricity, with tenants paying their own electric usage. The landlord currently pays heat, water and sewer, and garbage removal.
  1. Listed by Daniel Castle Courtney Castle • NextHome Discover

Property Details for 160 State Street

Waterfront
No
ArchitecturalStyle
Other
Garage
No
Zoning
Retail Business
LISTING UPDATED: 04/30/2026 11:13 AM

Property Details for 160 State Street

StatusActive
MLS #1659052
Days on Market11
Taxes$2,151 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family
Year Built1917
Lot Size0.04 AC / 1,742 SF
CountyAroostook County

Location

Listing Courtesy of NextHome Discover
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Building Information for 160 State Street

Stories2Residences4Year Built1917Building Size-Lot Size0.04 AC / 1,742 SF

Payment Calculator

$1,186 per month

30 year fixed, 6.46% Interest

Principal and Interest

$1,007

Property Taxes

$179

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 160 State Street

Summary
Location and General Information
  • Road Surface Type: Paved
  • Town: Presque Isle
  • State/Province: ME
  • Zip Code: 04769
  • County: Aroostook
  • Geo Latitude: 46.681098
  • Geo Longitude: -68.016069
  • Tax Lot: 160
  • Site:Level: Yes
  • Site:Sidewalks: Yes
  • Location:Intown: Yes
  • Location:Near Shopping: Yes
  • Transportation:Major Road Access: Yes
  • Transportation:Near Airport: Yes
  • Transportation:Public Transport Access: Yes
  • Recreational Water:Common: Yes
  • Recreational Water:Nearby: Yes
  • Recreational Water:Public: Yes
  • Recreational Water:River/Brook/Stream: Yes
  • Construction: Other3
  • Road Frontage: false
  • Water View2: No
  • Tree Growth YN2: false
Parking
  • Parking Features: No Driveway, Off Site, Off Street
  • Attached Garage: No
  • Parking: Off Site, Off Street
Taxes and HOA Information
  • Tax Book Number: 5408
  • Tax Block: 187
  • Tax Map Number: 035
  • Tax Year: 2024
  • Parcel Number: PREE-000035-000187-000160
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $2,151.00
Property
Heating and Cooling
  • Water Heater:Electric: No
  • Heat Fuel: Oil
  • Heat System: Baseboard, Hot Water
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 3978.0
  • Lot Size Acres: 0.04
  • Source of Acreage: Public Records
  • Building Area Total: 3978.0
  • Lot Size Area: 0.04
  • Lot Size Units: Acres
  • Lot Size Square Feet: 1742.4
  • Bathrooms Full: 4
  • Bathrooms Half: 0
  • Street Number: 160
  • Property Information:Surveyed: Unknown
  • Property Information:Seasonal: No
  • Property Information:Owner Occupied: No
  • Property Information:Deed: Partial
  • Property Information:Bank Owned REO: No
  • Property Information:2 Detached Houses on 1 Lot: No
  • Property Information:Total Half Baths: .00
Parking
  • Driveway:No Driveway: Yes
  • Driveway: No Driveway
Property and Assessments
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Year Built: 1917
Utilities
  • Electric: Circuit Breakers
  • Sewer: Yes
  • Water Source: Public
  • Utilities:Utilities On: Yes
  • Gas:No Gas: Yes
  • Water Heater: Electric2
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Siding, Block, Other
  • Vehicle Storage:No Vehicle Storage: Yes
  • Roof: Flat, Tar/Gravel
  • Vehicle Storage: No Vehicle Storage
  • Basement Entry: Interior
Interior Features
  • Basement: Full, Unfinished
  • Flooring: Wood, Vinyl, Composition, Carpet
  • Cooling: None
  • Heating: Hot Water, Baseboard
  • Foundation Details: Concrete Perimeter
  • # Floors: 2
  • Bathrooms Total (Integer): 4
  • Bathrooms Total (Decimal): 4.00
  • Bathrooms Total (Notational): 4.00
  • Cooling YN: No
  • Heating YN: Yes
Multi Family
Income & Expenses Information
  • Gross Income: $40,500.00
  • Operating Expenses: $11,319.24
  • Gross Income: $40,500.00
  • Operating Expenses: $11,319.24
Multi-Family Information
  • Number of Units: 4
  • Building Info:# Stories: 2
  • Building Info:# Heating Units: 1
  • Building Info:# Water Heaters: 4
Unit 1
  • Unit 1:Lease: No
  • Unit 1:Level: First
  • Unit 1:Security Deposit: Yes
  • Unit 1:Monthly Rent: $800.00
  • Unit 1:# Full Baths: 1.00
  • Unit 1:# of Half Baths: .00
  • Unit 1:# of Rooms: 3.00
  • Unit 1:# of Bedrooms: 1.00
  • Unit 1:Dedicated Electric Meter: Yes
  • Unit 1:Dedicated Gas Meter: No
  • Unit 1:Dedicated Water Heater: Yes
  • Unit 1:Electric: No
  • Unit 1:Heat: Yes
  • Unit 1:Range: Yes
  • Unit 1:Refrigerator: Yes
  • Unit 1:Sewer: Yes
  • Unit 1:Water: Yes
Unit 2
  • Unit 2:Lease: No
  • Unit 2:Level: Second
  • Unit 2:Monthly Rent: $800.00
  • Unit 2:# Full Baths: 1.00
  • Unit 2:# Half Baths: .00
  • Unit 2:# of Rooms: 3.00
  • Unit 2:# of Bedrooms: 1.00
  • Unit 2:Dedicated Electric Meter: Yes
  • Unit 2:Dedicated Gas Meter: No
  • Unit 2:Dedicated Water Heater: Yes
  • Unit 2:Electric: No
  • Unit 2:Heat: Yes
  • Unit 2:Range: Yes
  • Unit 2:Refrigerator: Yes
  • Unit 2:Sewer: Yes
  • Unit 2:Water: Yes
Unit 3
  • Unit 3:Lease: No
  • Unit 3:Level: Second
  • Unit 3:Monthly Rent: $850.00
  • Unit 3:# Full Baths: 1.00
  • Unit 3:# Half Baths: .00
  • Unit 3:# of Rooms: 4.00
  • Unit 3:# of Bedrooms: 2.00
  • Unit 3:Dedicated Electric Meter: Yes
  • Unit 3:Dedicated Gas Meter: No
  • Unit 3:Dedicated Water Heater: Yes
  • Unit 3:Electric: No
  • Unit 3:Heat: Yes
  • Unit 3:Range: Yes
  • Unit 3:Refrigerator: Yes
  • Unit 3:Sewer: Yes
  • Unit 3:Water: Yes
Unit 4
  • Unit 4:Lease: No
  • Unit 4:Level: First
  • Unit 4:Monthly Rent: $925.00
  • Unit 4:# Full Baths: 1.00
  • Unit 4:# Half Baths: .00
  • Unit 4:# of Rooms: 3.00
  • Unit 4:# of Bedrooms: 1.00
  • Unit 4:Dedicated Electric Meter: Yes
  • Unit 4:Dedicated Gas Meter: No
  • Unit 4:Dedicated Water Heater: Yes
  • Unit 4:Electric: No
  • Unit 4:Heat: Yes
  • Unit 4:Range: Yes
  • Unit 4:Refrigerator: Yes
  • Unit 4:Water: Yes
Unit Information
  • Units:# of 1 BD Units: 3
  • Units:# of 2 BD Units: 1
  • Units:# of 3 BD Units: 0
  • Units:# of 4+ BD Units: 0

Property History for 160 State Street

DateEvent & SourcePriceAppreciation
Apr 22, 2026

Listed (Active)

Maine Listings #1659052

$199,900
Feb 11, 2016

Expired

Maine Listings #1203958

$89,000
Feb 11, 2015

Listed (Active)

Maine Listings #1203958

$89,000
DateEvent & SourcePrice
04/22/2026

Listed (Active)

Maine Listings #1659052

$199,900
02/11/2016

Expired

Maine Listings #1203958

$89,000
02/11/2015

Listed (Active)

Maine Listings #1203958

$89,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 160 State Street

Taxable ValueLand$24,000Additions$77,000Total$101,000
Tax Record2024$2,151 ($179 / month)
Home Facts
Total Finished SqFt3,978 SqFtAbove Grade Finished SqFt3,978 SqFtStories2Lot Size1,742 SqFtStyleMiscellaneous CommercialYear Built1917Year Renovated2001ZoningRETAILCountyAROOSTOOKAPNPREE M:035 B:187 L:160

Schools near 160 State Street

This home is within Regional School Unit 79 Msad 01.
Rating
School
Type
Grades
Distance
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 2
Rating
School
Distance
Eva Hoyt Zippel School
Public3 to 5

Presque Isle Middle School
Public6 to 8

Presque Isle High School
Public9 to 12

Pine Street Elementary School
PublicPK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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160 State Street is a multi-family home for sale in Presque Isle, ME 04769. This property was listed for sale on April 22, 2026 by NextHome Discover, it's currently listed at $199,900. This listing's school district is Regional School Unit 79 Msad 01. Nearby schools include Eva Hoyt Zippel School, Presque Isle Middle School and Presque Isle High School. 160 State Street is a 5-bed, 4-bath, 3,978 sqft multi-family home built in 1917.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NextHome Discover

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.