21 Colonial Way, Machias, ME, 04654
About This Home
Excellent opportunity to own a versatile two-unit property in the heart of Machias! Whether you're looking to expand your investment portfolio, live in one unit while renting the other, or create a mixed-use property, this duplex offers flexibility and income potential in a highly convenient in-town location. The property features two separate 2-bedroom, 1-bath apartments, each with its own entrance and dedicated off-street parking. The first-floor unit offers convenient single-level living with a spacious living room, eat-in kitchen, full bath, and two bedrooms. The second-floor unit, accessed by a private exterior staircase, includes an open living and dining area, kitchen, full bath, and two bedrooms. Located just minutes from the University of Maine at Machias, Down East Community Hospital, shopping, restaurants, and downtown businesses, the property is well-positioned to attract long-term tenants. The first-floor unit has also previously been used for commercial purposes, offering additional possibilities for those seeking a live/work space or business opportunity (subject to local regulations). Whether you're an experienced investor or purchasing your first income property, this is a chance to own a well-located duplex in one of Downeast Maine's commercial and educational hubs. Enjoy nearby attractions including Roque Bluffs State Park, Jasper Beach, the Bold Coast Trail, and the many outdoor recreation opportunities that make the Machias area such a desirable place to live.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1940
Materials
- Foundation: Pillar/Post/Pier,Slab
- Roof: Composition,Flat,Rolled/Hot Mop,Shingle
- Construction materials: Wood Frame,Clapboard
Type & Style
- Home type: MultiFamily
- Architectural style: Other
- Property subType: Multi Family
Interior
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Features
- Flooring: Laminate,Tile,Vinyl,Wood
- Finished area below ground: 0
- Finished area above ground: 1,464
Heating & Cooling
- Heating features: Baseboard,Hot Water,Zoned
- Cooling features: None
Interior Area
- Total structure area: 1,464
- Total interior livable area: 1,464 sqft
Property
Details
- Parcel number: 21ColonialWayMachias04654
- Zoning: None
- Other equipment: Internet Access Available
Features
- Levels: Multi/Split
- Stories: 2
Lot
- Lot size: 3,920 sqft
- Features: Business District,City Lot,Near Golf Course,Near Public Beach,Near Shopping,Level
Parking
- Parking features: Gravel,5 - 10 Spaces,On Site,Off Street
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
- Ice Storm
- Winter Weather
- Lightning
- Coastal Flooding
- Cold Wave
- Hurricane
- Inland Flooding
- Tsunami
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 | $884 | $10,608 |
| Home Insurance | $91 | $1,092 |
| Property Taxes | $135 | $1,620 |
| Electricity | $244 | $2,930 |
| Total | $1,354 | $16,248 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-03 | Listed for sale | $175,000 |
| 2024-09-12 | Sold | $135,000 |
| 2024-07-29 | Contingent | $159,000 |
| 2024-04-11 | Listed for sale | $159,000 |
For Sale by Agent
View on Zillow