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42 43 47 & 49 River Road, New Portland, ME 04961

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For Sale

$1,200,000

14 beds • 8 baths • 1 half baths • 13,451 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • $89.21
    Price per square foot

Explore this Property

Rare 5-Property Investment Portfolio - Residential, Commercial & Waterfront. Present rental income is $9,150 per month and a possible income of both locations could be $12,035 monthly . There is also the possibility of having two commercial businesses at River road in New Portland on the fist floor of 43 and 47 River road . There is also the possibility of adding to additional lots for buildings on this site .At one point there was 45 River road and that building burned down. The potential of this opportunity is immense . Live , work and invest in this special place in New Portland and have a business and home on main street in Kingfield Maine ! An exceptional opportunity to acquire a five-property package thoughtfully combined to deliver income diversity, prime locations, and future growth potential. This unique portfolio includes a mix of commercial, single-family, and multi-unit residential properties, making it an ideal addition to any investor's holdings. Highlights include 280 feet of owned waterfrontage along Lemon Stream in New Portland, offering natural appeal and recreational value, as well as a commercial property located on Main Street in Kingfield a high-visibility location in the heart of town, perfect for retail, office, or mixed-use potential. The remaining properties provide a variety of income-producing residential options, all benefiting from recent renovations designed to reduce maintenance and attract quality tenants. Combined, the portfolio offers a steady blend of residential rental income, commercial opportunity, and waterfront equity growth. Located just 20 minutes from Farmington and 25 minutes to Sugarloaf Ski Resort, these properties sit within a highly desirable area that draws both year-round residents and seasonal visitors, strengthening the investment case. This is a multi-faceted portfolio for investors seeking both immediate returns and long-term appreciation in one of Maine's most scenic and dynamic regions
MLS# 1635146

Courtesy Of Vallee Harwood & Blouin Real Estate
103 Water St, Hallowell, ME 04347
(207) 622-2220

Property Features

  • Amenities
    Water Front
  • Architecture Style
    Cape Cod
  • Exterior Type
    Vinyl Siding, Wood Siding
  • Floor Covering
    Laminate, Tile, Wood
  • Heating System
    Baseboard, Forced Air
  • Lot Size
    2.09 Acres
  • Roof Type
    Metal

Map and Directions

Directions to 42 43 47 & 49 River Road, New Portland, ME 04961

Home seller CENTURY 21 Nason Realty, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Nason Realty, Inc.

(207) 873-2119
Learn More About Us

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† 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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