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229 Spring Valley Lane, New Gloucester, ME 04260

New Gloucester
Local realty services provided by:CENTURY 21 Barbara Patterson
229 Spring Valley Lane,New Gloucester, ME 04260
$999,000
Virtual Tour
  • - Beds
  • 2 Baths
  • 800 sq. ft.
  • Multi-family
  • Active
Office: five star realty
MLS#:1674870
Source:ME_MREIS

Price summary

  • Price:$999,000
  • Price per sq. ft.:$1,248.75

About this home

Don't miss this opportunity to acquire a well-maintained 11-site manufactured housing community situated on 5.5± scenic acres with strong in-place income and future upside. Surrounded by mature trees and offering a peaceful country setting, this established investment combines reliable cash flow with the potential for long-term appreciation. The community features 11 total sites, including 2 park-owned homes and 9 tenant-owned homes, creating an attractive ownership structure that minimizes maintenance responsibilities while providing consistent rental income. Current operations generate an impressive annual gross income of $86,700 and a net operating income of $74,223, making this an ideal addition to an investment portfolio. The property has been thoughtfully maintained with infrastructure improvements that include a pump house equipped with updated electrical, two new expansion tanks, sand/salt storage, utility storage, and additional overhead storage above. The park is serviced by...

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Home facts

  • Year built:1900
  • Listing ID #:1674870
  • Updated:August 07, 2026 at 10:21 AM

Rooms and interior

  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Carpet, Laminate
  • Bathrooms Description:Bathtub, Shower
  • Bedroom Description:1st Floor Bedroom
  • Living area:800 sq. ft.

Heating and cooling

  • Heating:Forced Air, Gas Bottled, Heating, Oil, Propane

Structure and exterior

  • Roof:Metal, Shingle
  • Year built:1900
  • Building area:800 sq. ft.
  • Lot area:5.5 Acres
  • Lot Features:Level, Mobile Home Park, Open Lot, Wooded
  • Architectural Style:Ranch
  • Construction Materials:Mobile, Vinyl Siding, Wood Frame
  • Foundation Description:Slab

Utilities

  • Water:Private, Well
  • Sewer:Private Sewer

Finances and disclosures

  • Price:$999,000
  • Price per sq. ft.:$1,248.75
  • Tax amount:$3,344 (2025)

Features and amenities

  • Laundry features:Main Level

Parking

  • Parking description:21+ Spaces, Gravel, On Site, Other Parking, Paved
MLS LogoMREIS Multiple Listing Service™ systemListing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved ME_MREIS Member Broker: Gerard Tatlock

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