Views
Address
48 Palmer Road, Newport, ME
Price
$ 310,000
Property Attributes
- MLS#1667826
- TypeMulti-Family
- Listing Status Active
- CountyPenobscot
- CityNewport
- Zip04953
- StyleRanch
- Year Built1993
- Taxes$ 3440
- Price$ 310,000
- Bedrooms0
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1440
- Lot Size3.17 Acres
Data Source:
Maine Listings (MREIS)
Property Description
MOTIVATED SELLER!! Investment opportunity in rural Newport! Whether you're looking to offset your mortgage by living in one unit while renting the other or expand your investment portfolio, this well-maintained duplex is an excellent opportunity. This well-maintained duplex offers two spacious units, each featuring 2 bedrooms and 1 bathroom. Both units are currently rented, providing immediate income potential for investors or those looking to expand their portfolio. The current owner covers heat and internet; however, because each unit has its own separate heating system, heat could easily become a tenant-paid expense, improving your return on investment. Situated in a peaceful country setting, this property offers the perfect balance of privacy and convenience with easy access to the interstate for commuting and travel. The generous acreage and ample road frontage provide the potential for future development, including the possibility of adding another home (subject to local approval). Whether you're seeking a turnkey investment or a property with room for growth, this Newport duplex is worth a closer look. All appliances, including washer and dryers, are included!
General Features
| Sewer | Septic Tank |
|---|---|
| Zoning | Rural |
| Electric | Circuit Breakers |
| Tax Year | 2025 |
| County | Penobscot |
| Property Type | Multi-Family |
| HOA | false |
| Status | Active |
| City | Newport |
| Lot Size Units | Acres |
| Lot Size Square Feet | 138085.2 |
| Tax Annual Amount | 3440 |
| Standard Status | Active |
| Tax Lot | 27 |
| View | Trees/Woods |
| Heating | Oil,Baseboard,Heat Pump,Hot Water |
| Cooling | Heat Pump |
| Garage Y/N | false |
| Land Lease Y/N | false |
| Roof | Shingle |
| Architectural Style | Ranch |
| Construction Materials | Wood Frame,Vinyl Siding |
| Year Built | 1993 |
| Attached Garage | false |
| Full Baths | 2 |
| Other Structures | Outbuilding,Shed(s) |
| Patio/Porch Features | Deck |
| Gross Income | 33600 |
| Operating Expense | 10157 |
| Number Of Units Total | 2 |
| Structure Type | Duplex |
| Occupancy Type | No |
Interior Features
| Total Baths | 2 |
|---|---|
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Basement | Exterior Entry,Dirt Floor |
| Flooring | Tile,Vinyl |
| Above Grade Finished Area | 1440 |
| Interior Amenities | 1st Floor Bedroom |
| Laundry Features | Main Level |
Exterior Features
| Parking Features | Paved,1 - 4 Spaces,Off Street |
|---|---|
| Lot Features | Near Turnpike/Interstate,Near Town,Rural,Level,Wooded |
| Water Source | Well |
| Lot Size Area | 3.17 |
| Lot Size Acres | 3.17 |
| Lot Size Source | Public Records |
| Waterfront Y/N | false |
| Building Area Total | 1440 |
| Foundation Details | Poured Concrete |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 04953
Statistics provided by Inside Real Estate
Price
Taxes
Year Built
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified ©2026 Maine Real Estate Information System, Inc. All Rights Reserved.
