Newport, ME 04953,5 Park AVE
Newport, ME 04953,5 Park AVE
Newport, ME 04953,5 Park AVE
Listed by Better Homes & Gardens Real Estate/The Masiello Group • melissabartlett@masiello.com
Bought with EXP Realty
$243,000
$249,900
2.8%
Est.Price: ?

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2 Baths
1,840 SqFt
SOLD DATE : 09/09/2025

Key Details

Sold Price $243,000

Property Type Multi-Family

Listing Status Sold

Square Footage 1,840 sqft

MLS Listing ID 1628879

Style Raised Ranch

Full Baths 2

Year Built 1964

Annual Tax Amount $3,148

Tax Year 2024

Lot Size 3,049 Sqft

Property Description

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.

Location

State ME

County Penobscot

Zoning Village Commercial

Interior

Heating Hot Water, Baseboard

Cooling None

Flooring Wood, Vinyl

Equipment Cable

Laundry Washer Hookup

Exterior

Parking Features Paved, On Site, Inside Entrance

Garage Spaces 2.0

View Y/N No

Roof Type Shingle

Building

Lot Description Corner Lot, Level, Intown, Near Public Beach, Near Shopping, Near Railroad

Story 2

Foundation Concrete Perimeter, Slab

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding,Brick,Wood Frame

Schools

School District Rsu 19

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Maine MLS (MREIS) IDX
Monet Yarnell

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