42 43 47 & 49 River Road, New Portland, ME 04961
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
Listed by:john blouin
Office:laer
MLS#:1635146
Source:ME_MREIS
Price summary
- Price:$1,200,000
- Price per sq. ft.:$89.21
About this home
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
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Home facts
- Year built:9999
- Listing ID #:1635146
- Updated:August 22, 2025 at 12:15 PM
Rooms and interior
- Bedrooms:14
- Total bathrooms:9
- Full bathrooms:8
- Half bathrooms:1
- Living area:13,451 sq. ft.
Heating and cooling
- Heating:Baseboard, Direct Vent Heater, Forced Air
Structure and exterior
- Year built:9999
- Building area:13,451 sq. ft.
- Lot area:2.09 Acres
Utilities
- Water:Private, Public
- Sewer:Private Sewer
Finances and disclosures
- Price:$1,200,000
- Price per sq. ft.:$89.21
- Tax amount:$6,727 (2024)
MREIS Multiple Listing Service™ system
Listing 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. © 2023 Maine Real Estate Information System, Inc. All Rights ReservedNew listings near 42 43 47 & 49 River Road
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