Newport, ME 04953,5 Park AVE
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Newport, ME 04953,5 Park AVE
Newport, ME 04953,5 Park AVE
Newport, ME 04953,5 Park AVE
Newport, ME 04953,5 Park AVE
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Listed by Better Homes & Gardens Real Estate/The Masiello Group • [email protected]
$ 249,900
Active Under Contract

5 Park AVE Newport, ME 04953

2 Baths

1,840 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Square Footage 1,840 sqft

MLS Listing ID 1628879

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

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

Virtual Tour https://www.propertypanorama.com/instaview/mreis/1628879


Maine MLS (MREIS) IDX
agent

Cassie Mason

Broker | Bean Group016220

+1(207) 418-1560

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5 Park AVE