Nestled on 7.8 acres of scenic land, this unique two-unit property offers both income potential and plenty of space for your personal enjoyment. Located in the heart of Monmouth, ME, it includes a successful Airbnb-ready 4-bedroom, 3-bathroom home, a cozy 2-bedroom, 1.5-bathroom unit, an old cider barn full of character, and private access to the tranquil Cochnewagon Lake just across the railroad tracks. The spacious 4-bedroom, 3-bathroom unit has been a consistently successful Airbnb, making it an ideal investment opportunity or a perfect space for large families. With its bright, open layout, the home features modern amenities while retaining classic New England charm. Expansive living areas, a fully equipped kitchen, and cozy bedrooms provide guests with a comfortable, memorable stay. The property's sprawling yard and serene surroundings further elevate the guest experience, offering them a true escape.The second unit is a 2-bedroom, 1.5-bathroom home that was rented to a family friend under market value, offering potential for a new tenant at full market rate or a private in-law suite. This unit is perfect for multigenerational living or additional rental income. With a spacious kitchen, cozy living spaces, and a private entry, this unit provides both comfort and privacy. A unique feature of this property is the charming old cider barn, full of rustic character and ready for transformation. Whether you're looking for additional storage, a workshop, or a space to create your own studio, this historic structure adds character and versatility to the property.Enjoy the serenity and beauty of Cochnewagon Lake just a short walk away across the railroad tracks. Whether you're into boating, fishing, or simply enjoying nature, this access provides a special touch to this already incredible property.
The median home value in Monmouth, ME is $308,000. This is higher than the county median home value of $274,300. The national median home value is $338,100. The average price of homes sold in Monmouth, ME is $308,000. Approximately 61.07% of Monmouth homes are owned, compared to 17.24% rented, while 21.69% are vacant. Monmouth real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Monmouth real estate agent to arrange a tour today!
Monmouth, Maine 04259 has a population of 4,061. Monmouth 04259 is more family-centric than the surrounding county with 30.23% of the households containing married families with children. The county average for households married with children is 24.69%.
The median household income in Monmouth, Maine 04259 is $63,981. The median household income for the surrounding county is $58,097 compared to the national median of $69,021. The median age of people living in Monmouth 04259 is 46.6 years.
The average high temperature in July is 79.3 degrees, with an average low temperature in January of 8.7 degrees. The average rainfall is approximately 44.4 inches per year, with 67.4 inches of snow per year.