340 Main Road, Passadumkeag, ME, 04475
About This Home
Discover a versatile investment opportunity with 340 Main Road, a multi-use property set on 1.99± acres in the small community of Passadumkeag. This property features two well-maintained apartments and a large, adaptable ground-floor space, offering strong income potential and room for future expansion. Upstairs, you will find a comfortable 1-bedroom unit and a spacious 3-bedroom apartment with an enclosed porch, both with solid rental histories, making this a great option for owner-occupants or investors looking for immediate cash flow. The lower level was previously used as a general store and lunch counter but is now a blank slate, ready to be reimagined. With proper approvals, this space could be converted into additional rental units, a workshop, studio space, or a live/work setup, depending on your vision. Whether you're looking to expand your rental portfolio, start a small business, or create a custom living space, 340 Main Road offers flexibility and value in a rural setting.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1984
Materials
- Foundation: Slab
- Roof: Shingle
- Construction materials: Wood Frame,Vinyl Siding,Wood Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Other
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Features
- Flooring: Carpet,Concrete,Laminate,Vinyl
- Finished area below ground: 0
- Finished area above ground: 4,464
Heating & Cooling
- Heating features: Forced Air
- Cooling features: None
Interior Area
- Total structure area: 4,464
- Total interior livable area: 4,464 sqft
Property
Details
- Zoning: Res/Commercial
Lot
- Lot size: 1.99 Acres
- Features: City Lot,Level,Open Lot
Parking
- Parking features: Gravel,21+ 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
- Ice Storm
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Maine Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,650 | $19,800 |
| Home Insurance | $82 | $984 |
| Property Taxes | $302 | $3,624 |
| Electricity | $648 | $7,786 |
| Total | $2,682 | $32,184 |
Income You'd Need if You Spent...
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-10-02 | Listed for sale | $329,000 |
| 2024-08-09 | Listing removed | $349,000 |
| 2024-07-19 | Price change | $349,000 |
| 2024-05-30 | Listed for sale | $359,000 |
| 2022-12-02 | Listing removed | -- |
| 2022-01-01 | Listed for sale | $229,900 |
| 2021-12-02 | Listing removed | -- |
| 2021-06-02 | Listed for sale | $229,900 |
| 2015-06-09 | Listing removed | $229,900 |
| 2015-06-08 | Listed for sale | $229,900 |
| 2015-03-19 | Listing removed | $229,900 |
| 2014-05-06 | Price change | $229,900 |
| 2014-03-12 | Listed for sale | $249,900 |
For Sale by Agent
View on Zillow