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5 Water Street, Newport, ME 04953

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For Sale

$385,000

2 baths • 1 half baths • 8,832 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • N/A
    Property type

  • 1900
    Year built

  • $43.59
    Price per square foot

Explore this Property

This opportunity does not come often. Add this building to your portfolio or great for the beginning of an investment. This owner has put life back into this property and it has been reformed over the years and the character is endless. What a nice addition to the town of Newport. This building has 3 floors and filled with business and residential. In this 9000 sq foot building we have a Specialty store, a dance studio, 2 large residential apartments and several small professionals providing their own services. It also has a few areas that can become more rental opportunities. In 2009 a new metal roof was put on and in 2017 the second and third floors were provided with their own Rinnia heaters and bathrooms have been updated. All the tenants are requesting to stay so the income will keep coming and the potential for more is evident. Look to your backyard to sit by the Sebasticook River that runs by, Sitting in the heart of Newport the amenities are endless.
MLS# 1582851

Listed By CENTURY 21 Queen City Real Estate
592 Hammond Street, Bangor, ME 04401

Property Features

  • Exterior Description
    Other, Vinyl Siding
  • Flooring
    Laminate
  • Heating - Fuel Type
    Wood
  • Lot Size
    0.12 Acres
  • Roof
    Metal Roof
  • Style
    Other Style

Map and Directions

Directions to 5 Water Street, Newport, ME 04953

Home seller CENTURY 21 Queen City Real Estate

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CENTURY 21 Queen City Real Estate

(207) 942-4618
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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