5 Park AVE Save Request In-Person Tour Request Virtual Tour
Newport,ME 04953
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Square Footage 1,840 sqft
Price per Sqft $135
MLS Listing ID 1628879
Style Raised Ranch
Full Baths 2
Year Built 1964
Annual Tax Amount $3,148
Tax Year 2024
Lot Size 3,049 Sqft
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
Interior
Heating Hot Water,Baseboard
Cooling None
Flooring Wood,Vinyl
Equipment Cable
Laundry Washer Hookup
Exterior
Parking Features Paved,On Site,Inside Entrance
Garage Spaces 2.0
View Y/N No
Roof Type Shingle
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
Structure Type Vinyl Siding,Brick,Wood Frame
Schools
School District Rsu 19
Others
Virtual Tour https://www.propertypanorama.com/instaview/mreis/1628879