48 Palmer Road, Newport, ME 04953

$324,900
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Active
BEDS0 BATHS2 full SQUARE FEET1,440 MLS#1667826
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

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!

48 Palmer Road | MLS# 1667826

This multi-family property located at 48 Palmer Road, Newport, ME 04953 is currently listed for sale with an asking price of $324,900. Search Newport real estate on www.spragueandcurtis.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Exterior Entry, Dirt Floor
Cooling: Heat Pump
Heating: Oil, Baseboard, Heat Pump, Hot Water
Home Style: Ranch
Lot Size: 3.17 Acres
Roof Type: Shingle
Taxes: $3,440
Year Built: 1993

Feature Descriptions

Amenities: 1st Floor Bedroom, Laundry - 1st Floor, One-Floor Living
Electric: Circuit Breakers
Exterior: Wood Frame, Vinyl Siding
Flooring: Tile, Vinyl
Foundation: Poured Concrete
Lot: Near Turnpike/Interstate, Near Town, Rural, Level, Wooded
Parking: Paved,1 - 4 Spaces, Off Street
Sewer: Septic Tank
Special View Info: Trees/Woods
SQ FT Above Grade: 1440
SQ FT Below Grade: 0
Water: Well
Wooded: Yes

Listed By / Shown By

Listed By

Agency Name: NextHome Experience
Agency Phone: 207-573-7400

Shown By

Agency Title: Sprague and Curtis Real Estate
Agency Phone: 207-623-1123

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Estimated Payment

$ 1,104.52 per month $723.09 Principal & Interest $286.67 Property Tax $94.76 Homeowner's Insurance

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