




442 W Broadway, Lincoln, ME, 04457
About This Home
Exceptional investment opportunity with strong income potential and multiple use options. Sitting on 5.81 acres in Lincoln, Maine, this versatile property is currently configured with a thriving first-floor commercial space, and two residential units above, offering the possibility to offset expenses or generate consistent rental income. The main level is presently operated as a chiropractic office featuring multiple treatment rooms, private office, and both a full and a half bath. This space could continue as a professional setting or could be easily converted into an additional residential unit. Upstairs, you will find two updated apartments, each offering one bedroom, an open concept kitchen and living area, a full bath with laundry as well as a an attached storage room. Both units enjoy abundant natural light with an inviting atmosphere. The property also includes four storage units ready to generate additional income, along with an attached garage space ideal for vehicle, boat, or equipment storage. Behind the building is a gravel pad where a mobile home was once placed providing excellent opportunity for another mobile home or future expansion. Set on a spacious, wooded lot, the rear of the property features an old road that could be opened back up for further development or additional building lots. A large parking area provides ample space for commercial or residential use. Conveniently located near local shopping, schools and dining, this property gives you the flexibility, income potential, and room to grow making it an ideal choice for investors or owner-occupants looking to build equity while generating revenue.
Getting Around
Schools
Construction
Condition
- Year built: 1970
Materials
- Foundation: Slab
- Roof: Metal
- Construction materials: Wood Frame,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Features
- Shower
- Flooring: Carpet,Vinyl,Linoleum
- Finished area below ground: 0
- Finished area above ground: 4,596
Heating & Cooling
- Heating features: Heat Pump
- Cooling features: Heat Pump
Interior Area
- Total structure area: 4,596
- Total interior livable area: 4,596 sqft
Property
Details
- Zoning: Commercial
Lot
- Lot size: 5.81 Acres
- Features: Near Town,Level,Open Lot,Wooded
Parking
- Total spaces: 1
- Parking features: Gravel,11 - 20 Spaces
- 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
- Winter Weather
- Ice Storm
- Lightning
- Cold Wave
- Hurricane
- Inland Flooding
- Strong Wind
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 | $2,320 | $27,840 |
| Home Insurance | $236 | $2,832 |
| Property Taxes | $424 | $5,088 |
| Electricity | $668 | $8,016 |
| Total | $3,648 | $43,776 |
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 |
|---|---|---|
| 2026-04-27 | Price change | $499,000 |
| 2026-04-11 | Listed for sale | $529,000 |
For Sale by Agent
