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94 Lincoln Street, Millinocket, ME, 04462

4beds
2baths
1,680sqft
$139,000
$83price/sqft
$1,130/moest. monthly cost
$45,200/yrincome needed

About This Home

Discover the versatility and income potential of this unique two-unit property in the heart of Millinocket! The main residence features a spacious 3-bedroom layout, offering comfortable living space for a family or owner-occupant. Attached to the home is a well-appointed 1-bedroom apartment with a loft area that could easily serve as an additional sleeping space, home office, or potential second bedroom. Currently utilized by the local hospital to accommodate traveling nurses and healthcare professionals, the apartment provides an established income opportunity. It could also be easily transitioned into a short-term rental, Airbnb, long-term rental, or guest suite, making this property an excellent investment with multiple possibilities. Outside, you'll find a nice-sized backyard with plenty of room for entertaining, gardening, pets, or simply relaxing and enjoying the outdoors. Conveniently located just minutes from downtown Millinocket, you'll have easy access to shopping, restaurants, schools, and local amenities. Outdoor enthusiasts will appreciate the property's close proximity to the area's extensive snowmobile and ATV trail systems, as well as the many recreational opportunities the Katahdin region has to offer. Whether you're seeking a primary residence with rental income, a multi-generational living arrangement, or an investment property with flexible use options, this one-of-a-kind property is worth a closer look.

Getting Around

48
WalkingCar-Dependent
0
TransitVery Limited Transit
23
BikeSomewhat Bikeable

Schools

7/10
Granite Street SchoolGrades PK-50.4 mi
3/10
Stearns High SchoolGrades 6-120.7 mi

Construction

Condition

  • Year built: 1945

Materials

  • Roof: Shingle
  • Construction materials: Wood Frame,Stone,Composition

Type & Style

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

Interior

Basement

  • Has basement: Yes
  • Basement: Bulkhead,Interior Entry,Full

Bedrooms & Bathrooms

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

Features

  • Flooring: Laminate,Vinyl,Wood
  • Finished area below ground: 0
  • Finished area above ground: 1,680

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: None

Interior Area

  • Total structure area: 1,680
  • Total interior livable area: 1,680 sqft

Property

Details

  • Zoning: R1

Lot

  • Lot size: 7,840 sqft
  • Features: City Lot,Near Golf Course,Near Shopping,Open Lot,Sidewalks,Landscaped

Parking

  • Parking features: Paved,1 - 4 Spaces

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

  • Winter Weather
    Winter WeatherVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Winter Weather
Inland Flooding
Lightning
Cold Wave
Hurricane
Strong Wind

FEMA Declared Disasters Across Maine Counties

Flood
Hurricane
Severe Storm

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 $702$8,424
Home Insurance $56$672
Property Taxes $128$1,536
Electricity $244$2,930
Total$1,130$13,560

Income You'd Need if You Spent...

35% on housing$38,742/yr
40% on housing$33,900/yr
45% on housing$30,133/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: 8.1%
8.1%
0%30.0%
Electricity Growth Rate10-year average: 7.7%
7.7%
0%15.0%
Property Taxes Growth Rate2-year average: -1.2%
-1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$83This listing

vs Other Active Listings

Avg $/sqft

ZIP 04462$155
Penobscot County$143

vs Homes Sold Last Month

Median $/sqft

ZIP 04462
Penobscot County$181

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
2026-07-10Listed for sale$139,000
2026-07-01Contingent$139,000
2026-05-31Listed for sale$139,000
2020-10-15Sold$49,500
2020-07-16Listed for sale$54,900

For Sale by Agent

BrokerageNorth Woods Real Estate, LLC

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