42 43 47 & 49 River RD Active Save Request In-Person Tour Request Virtual Tour
New Portland,ME 04961
Key Details
Property Type Residential
Sub Type Single Family Residence
Listing Status Active
Square Footage 13,451 sqft
Price per Sqft $89
MLS Listing ID 1635146
Style Cape Cod,New Englander,Ranch
Bedrooms 14
Full Baths 8
Half Baths 1
Annual Tax Amount $6,727
Tax Year 2024
Lot Size 2.090 Acres
Property Sub-Type Single Family Residence
Property Description
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
Location
State ME
County Somerset
Zoning Residential
Interior
Heating Other,Forced Air,Direct Vent Heater,Baseboard
Cooling None
Flooring Wood,Tile,Laminate
Exterior
Parking Features 5 - 10 Spaces,Gravel
View Y/N No
Roof Type Metal
Building
Lot Description Level,Rural
Foundation Stone,Concrete Perimeter,Slab
Sewer Private Sewer
Water Private,Public
Structure Type Wood Siding,Vinyl Siding,Wood Frame
Others
Virtual Tour https://www.propertypanorama.com/instaview/mreis/1635146