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5 Park Avenue, Newport, ME 04953

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For Sale

$249,900

2 baths • 1,840 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • $135.82
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 1628879

Courtesy Of Better Homes and Gardens Real Estate The Masiello Group
One Bedford Farms, Suite 202, Bedford, NH 03110
(207) 942-6711

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Deck
  • Architecture Style
    Ranch
  • Exterior Type
    Brick, Vinyl Siding
  • Floor Covering
    Vinyl, Wood
  • Heating System
    Baseboard
  • Lot Size
    0.07 Acres

Map and Directions

Directions to 5 Park Avenue, Newport, ME 04953

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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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