Bought with EXP Realty
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5 Park AVE Newport, ME 04953
SOLD DATE : 09/09/2025Want to know what your home might be worth? Contact us for a FREE valuation!
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Key Details
Sold Price $243,000
Property Type Multi-Family
Listing Status Sold
Square Footage 1,840 sqft
MLS Listing ID 1628879
Sold Date 09/09/25
Style Raised Ranch
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 920
Year Built 1964
Annual Tax Amount $3,148
Tax Year 2024
Lot Size 3,049 Sqft
Acres 0.07
Source Maine Listings
Land Area 1840
Property Description
This versatile in-town property offers an excellent mix of residential and commercial potential. Situated on a in-town lot, the building features two well-maintained rental units with a strong rental history and great income potential.
Unit 1: Spacious 3-bedroom apartment
Unit 2: Comfortable 2-bedroom apartment
Bonus: An equipped beauty salon occupies the front commercial space — perfect for an owner-operator or investor looking to lease to a local business.
Two-car heated garage, attached and leads into the downstair apartment.
Great location thats close to shopping, services, and Lake Sebasticook recreation.
Whether you're looking for a mixed-use property to add to your portfolio or a live/work opportunity in a central Maine community, this property delivers flexibility, character, and income.
Location
State ME
County Penobscot
Zoning Village Commercial
Rooms
Basement Interior, Unfinished
Interior
Interior Features 1st Floor Bedroom, Bathtub, Shower
Heating Hot Water, Baseboard
Cooling None
Flooring Wood, Vinyl
Equipment Cable
Fireplace No
Appliance Tankless Water Heater
Laundry Washer Hookup
Exterior
Parking Features Paved, On Site, Inside Entrance
Garage Spaces 2.0
View Y/N No
Roof Type Shingle
Street Surface Paved
Porch Deck
Garage Yes
Building
Lot Description Corner Lot, Level, Intown, Near Public Beach, Near Shopping, Near Railroad
Story 2
Foundation Concrete Perimeter, Slab
Sewer Public Sewer
Water Public
Architectural Style Raised Ranch
Structure Type Vinyl Siding,Brick,Wood Frame
Schools
School District Rsu 19
Others
Energy Description Oil
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