Newport ME Multi Family for Sale
$299,000
99 Street Newport, ME 04953
- Type:
- Multi-Family
- Sq.Ft.:
- 3,300
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.54 Acres
- Year built:
- 1900
- Baths:
- 4.00
- MLS#:
- 1601416
View additional info
Courtesy: Berkshire Hathaway HomeServices Northeast Real Estate
207-942-8261
ADDITIONAL INFORMATION
Welcome to this exquisite 3300 sqft Victorian masterpiece, nestled on a spacious 0.5-acre lot in the coveted heart of Newport. This property could be used as a single family home but is also zoned for multi family and commercial! The first and 2nd floors each offer their own kitchen and laundry. Step inside and be greeted by the grandeur of intricate woodwork, soaring ceilings, and beautifully restored period details that seamlessly blend with modern comforts. This 6-bedroom, 3.5-bath home boasts generous living spaces designed for both relaxation and entertaining. The main level features a formal living room with a stunning fireplace, sun room and first floor laundry. The second and third level have a kitchen, laundry and 5 bedrooms. A thoughtfully designed layout offers the possibility of transforming this residence into a multi-family home, with separate entrances and versatile living spaces that can be adapted to various needs. It is also commercially zoned, making a perfect opportunity to start a business.
$369,000
5 Newport, ME 04953
- Type:
- Multi-Family
- Sq.Ft.:
- 8,832
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.12 Acres
- Year built:
- 1900
- Baths:
- 3.00
- MLS#:
- 1582851
View additional info
Courtesy: CENTURY 21 Queen City Real Estate
207-942-4618
ADDITIONAL INFORMATION
This opportunity does not come often. Add this building to your portfolio or great for the beginning of an investment. This owner has put life back into this property and it has been reformed over the years and the character is endless. What a nice addition to the town of Newport. This building has 3 floors and filled with business and residential. In this 9000 sq foot building we have a Specialty store, a dance studio, 2 large residential apartments and several small professionals providing their own services. It also has a few areas that can become more rental opportunities. In 2009 a new metal roof was put on and in 2017 the second and third floors were provided with their own Rinnia heaters and bathrooms have been updated. All the tenants are requesting to stay so the income will keep coming and the potential for more is evident. Look to your backyard to sit by the Sebasticook River that runs by, Sitting in the heart of Newport the amenities are endless.
Newport Real Estate
The median home value in Newport, ME is $284,950. This is higher than the county median home value of $227,800. The national median home value is $338,100. The average price of homes sold in Newport, ME is $284,950. Approximately 59.87% of Newport homes are owned, compared to 18.26% rented, while 21.88% are vacant. Newport 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 Newport real estate agent to arrange a tour today!
Newport, Maine has a population of 3,129. Newport is more family-centric than the surrounding county with 27.85% of the households containing married families with children. The county average for households married with children is 26.71%.
The median household income in Newport, Maine is $56,358. The median household income for the surrounding county is $55,125 compared to the national median of $69,021. The median age of people living in Newport is 48.6 years.
Newport Weather
The average high temperature in July is 79.3 degrees, with an average low temperature in January of 3.3 degrees. The average rainfall is approximately 43.1 inches per year, with 68.3 inches of snow per year.