5 Park Avenue, Newport, ME 04953

Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
#1#2#3
5 Park Avenue,Newport, ME 04953
$249,900
Virtual Tour
  • - Beds
  • 2 Baths
  • 1,840 sq. ft.
  • Multi-family
  • Pending
Listed by:
  • Listing Agent0
    Melissa Bartlett(207) 487 - 1704
    Better Homes and Gardens Real Estate The Masiello Group
MLS#:1628879
Source:ME_MREIS

Price summary

  • Price:$249,900
  • Price per sq. ft.:$135.82

About this home

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.

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Home facts

  • Year built:1964
  • Listing Id #:1628879
  • Updated:July 29, 2025 at 08:49 PM

Rooms and interior

  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:1,840 sq. ft.

Heating and cooling

  • Heating:Baseboard, Hot Water

Structure and exterior

  • Year built:1964
  • Building area:1,840 sq. ft.
  • Lot area:0.07 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$249,900
  • Price per sq. ft.:$135.82
  • Tax amount:$3,148 (2024)
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