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47 E Main Street, Fort Kent, ME, 04743

4beds
2baths
1,576sqft
$119,900
$76price/sqft
$1,034/moest. monthly cost
$41,360/yrincome needed

About This Home

Excellent investment opportunity in the heart of downtown Fort Kent! This well-located two-unit property offers strong income potential with separate utility meters for each unit, making management simple and expenses easy to allocate. Positioned directly on East Main Street, the property benefits from high visibility and convenient access to local shops, services, and recreational trails. Whether you're looking to expand your rental portfolio, owner-occupy one unit while generating income from the other, or secure a centrally located investment property, this versatile building checks the boxes.

Getting Around

48
WalkingCar-Dependent
0
TransitVery Limited Transit
59
BikeBikeable

Schools

8/10
6/10
8/10

Construction

Condition

  • Year built: 1940

Materials

  • Roof: Metal
  • Construction materials: Wood Frame,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: New Englander
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Doghouse,Full

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Flooring: Laminate
  • Finished area below ground: 0
  • Finished area above ground: 1,576

Heating & Cooling

  • Heating features: Baseboard,Hot Water
  • Cooling features: None

Interior Area

  • Total structure area: 1,576
  • Total interior livable area: 1,576 sqft

Property

Details

  • Zoning: Commercial

Features

  • Stories: 2
  • On waterfront: Yes
  • Waterbody name: Fish
  • Frontage length: Waterfrontage: 56,Waterfrontage Owned: 56

Lot

  • Lot size: 0.26 Acres
  • Features: City Lot,Level,Open Lot,Sidewalks

Parking

  • Total spaces: 1
  • Parking features: Common,Gravel,5 - 10 Spaces,Detached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Winter Weather
    Winter WeatherVery High
  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Cold Wave
Winter Weather
Hurricane
Inland Flooding
Ice Storm
Lightning
Strong Wind

FEMA Declared Disasters Across Maine Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $606$7,272
Home Insurance $79$948
Property Taxes $105$1,260
Electricity $244$2,930
Total$1,034$12,408

Income You'd Need if You Spent...

35% on housing$35,451/yr
40% on housing$31,020/yr
45% on housing$27,573/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.4%
10.4%
0%30.0%
Electricity Growth Rate10-year average: 7.7%
7.7%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$76This listing

vs Other Active Listings

Avg $/sqft

ZIP 04743$97
Aroostook County$107

vs Homes Sold Last Month

Median $/sqft

ZIP 04743
Aroostook County$117

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-06-29Price change$119,900
2026-03-16Price change$124,900
2026-02-18Listed for sale$129,900
2022-01-28Sold$67,000
2021-12-31Pending sale$79,000
2021-11-13Listed for sale$79,000

For Sale by Agent

AgentAustin Theriault
BrokerageAroostook Real Estate

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